Europe: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Europe

For the third consecutive year, the Europe glass fibre and article market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Glass Fibres and Glass Fibre Articles in Europe

In value terms, glass fibre and article production declined to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then contracted modestly in the following year.

Exports of Glass Fibres and Glass Fibre Articles

Exports in Europe

Glass fibre and article exports fell slightly to X tons in 2023, dropping by X% on the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre and article exports reduced slightly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Belgium (X tons), distantly followed by France (X tons), Germany (X tons), the Czech Republic (X tons), the UK (X tons), the Netherlands (X tons), Spain (X tons) and Slovakia (X tons) were the key exporters of glass fibres and glass fibre articles, together comprising X% of total exports. Italy (X tons), Russia (X tons), Denmark (X tons), Poland (X tons) and Norway (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to glass fibre and article exports from Belgium stood at X%. At the same time, Poland (X%), Norway (X%), Spain (X%), Denmark (X%), the Netherlands (X%), France (X%), the UK (X%) and Germany (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Italy, Slovakia, Russia and the Czech Republic experienced a relatively flat trend pattern. Italy (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports. The UK, the Czech Republic, Italy, the Netherlands, Spain, Denmark, Poland, Slovakia, Russia and Norway lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, stabilizing at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Imports of Glass Fibres and Glass Fibre Articles

Imports in Europe

Glass fibre and article imports fell to X tons in 2023, which is down by X% against 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, glass fibre and article imports contracted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, Germany (X tons) and France (X tons) were the key importers of glass fibres and glass fibre articles in Europe, together generating X% of total imports. Italy (X tons) ranks next in terms of the total imports with an X% share, followed by the Netherlands (X%), Spain (X%), Belgium (X%), Poland (X%) and the UK (X%). The following importers - Denmark (X tons), Russia (X tons), the Czech Republic (X tons), Hungary (X tons) and Austria (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre and article importing markets in Europe were Germany ($X), France ($X) and Italy ($X), with a combined X% share of total imports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform