Europe: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Europe

In 2022, the Europe glass fibre chopped strand market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Glass Fibre Chopped Strands in Europe

In value terms, glass fibre chopped strand production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Glass Fibre Chopped Strands

Exports in Europe

Glass fibre chopped strand exports reduced to X tons in 2022, 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 in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, glass fibre chopped strand exports expanded sharply to $X in 2022. The total export 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 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Belgium (X tons) represented the key exporter of glass fibre chopped strands, making up X% of total exports. France (X tons) held the second position in the ranking, followed by the Netherlands (X tons) and Slovakia (X tons). All these countries together held approx. X% share of total exports. The following exporters - Germany (X tons) and Italy (X tons) - each finished at a X% share of total exports.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, Germany (X%), the Netherlands (X%), Slovakia (X%) and France (X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest glass fibre chopped strand supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by France, with an X% share.

In Belgium, glass fibre chopped strand 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: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Imports of Glass Fibre Chopped Strands

Imports in Europe

In 2022, glass fibre chopped strand imports in Europe reduced slightly to X tons, dropping by X% on the year before. Total imports indicated noticeable 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 appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, glass fibre chopped strand imports soared to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value 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 growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany represented the main importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by the Netherlands (X tons), Italy (X tons), Belgium (X tons) and France (X tons), together making up a X% share of total imports. Poland (X tons), Spain (X tons), Switzerland (X tons), the UK (X tons) and Russia (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre chopped strand imports into Germany stood at X%. At the same time, Spain (X%), Italy (X%), the Netherlands (X%), Belgium (X%), Switzerland (X%), Poland (X%), Russia (X%) and France (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. The UK experienced a relatively flat trend pattern. From 2012 to 2022, the share of Italy, the Netherlands, Belgium and Spain increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported glass fibre chopped strands in Europe, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Italy (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Spain ($X per ton), while Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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