EU: Glass Fiber Market 2024

Glass Fiber Market Size in the EU

In 2022, the EU glass fiber market increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, consumption continues to indicate a mild shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Glass Fiber Production in the EU

In value terms, glass fiber production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Glass Fiber Exports

Exports in the EU

In 2022, approx. X tons of voiles, webs, mats and other articles of glass fibers were exported in the European Union; falling by X% compared with the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, glass fiber exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, Belgium (X tons) and Germany (X tons) were the main exporters of voiles, webs, mats and other articles of glass fibers in the European Union, together amounting to approx. X% of total exports. The Czech Republic (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%), Spain (X%), Poland (X%), Italy (X%) and the Netherlands (X%).

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest glass fiber supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with an X% share of total exports. It was followed by France, with a X% share.

In Germany, glass fiber exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Glass Fiber Imports

Imports in the EU

In 2022, glass fiber imports in the European Union reduced modestly to X tons, which is down by X% on the year before. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then reduced slightly in the following year.

In value terms, glass fiber imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; 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, leveling off in the following year.

Imports by Country

In 2022, France (X tons), distantly followed by Germany (X tons), Poland (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons) and Italy (X tons) represented the main importers of voiles, webs, mats and other articles of glass fibers, together constituting X% of total imports. The following importers - Austria (X tons), Denmark (X tons), the Czech Republic (X tons), Hungary (X tons), Sweden (X tons) and Slovakia (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Poland, Spain, the Netherlands, Sweden, Austria, Belgium, Denmark, the Czech Republic, Hungary and Slovakia lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 the European Union stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. 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 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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