Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium (FOB) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium (CIF) - 2022
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium (FOB) - 2022
In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,811 per ton, rising by 8.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($2,516 per ton), while the average price for exports to the UK ($1,517 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,973 per ton, surging by 15% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $2,622 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($3,512 per ton), while the price for Slovakia ($784 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) exported from Belgium dropped to 434K tons, waning by -5.3% on 2021. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports attained the peak of 459K tons, and then reduced in the following year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) expanded to $787M in 2022. The total export value increased at an average annual rate of +10.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 152 | 173 | 242 | 252 | 18.4% |
| France | 165 | 155 | 201 | 152 | -2.7% |
| Netherlands | 77.8 | 86.6 | 111 | 114 | 13.6% |
| Italy | 25.8 | 29.2 | 38.5 | 53.2 | 27.3% |
| Spain | 28.9 | 34.9 | 41.5 | 48.3 | 18.7% |
| Poland | 16.9 | 22.5 | 32.7 | 40.0 | 33.3% |
| United States | 18.0 | 14.7 | 11.2 | 22.1 | 7.1% |
| United Kingdom | 21.1 | 20.5 | 12.3 | 14.5 | -11.8% |
| Others | 75.6 | 71.2 | 77.9 | 90.5 | 6.2% |
| Total | 581 | 607 | 768 | 787 | 10.6% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Belgium in 2022:
- Germany (148.4K tons)
- France (95.9K tons)
- Netherlands (68.6K tons)
- Italy (25.9K tons)
- Spain (21.2K tons)
- Poland (15.9K tons)
- United States (13.7K tons)
- United Kingdom (9.6K tons)
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium
In 2022, after three years of growth, there was significant decline in purchases abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), when their volume decreased by -9.1% to 201K tons. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 36% against the previous year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) reached $396M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.5 | 20.6 | 57.4 | 46.9 | 165.7% |
| France | 40.1 | 36.3 | 43.1 | 45.5 | 4.3% |
| United Kingdom | 4.7 | 3.7 | 41.7 | 42.3 | 108.0% |
| Netherlands | 39.4 | 38.0 | 36.4 | 39.6 | 0.2% |
| United States | 17.9 | 29.1 | 34.9 | 33.8 | 23.6% |
| Germany | 36.3 | 33.7 | 28.2 | 25.2 | -11.5% |
| China | 18.4 | 16.6 | 23.1 | 21.6 | 5.5% |
| India | 9.9 | 9.6 | 4.3 | 17.3 | 20.4% |
| Bahrain | N/A | 2.1 | 7.1 | 16.5 | 180.3% |
| Mexico | 19.2 | 12.8 | 16.4 | 13.4 | -11.3% |
| Egypt | 0.3 | 0.6 | 10.6 | 9.4 | 215.3% |
| Taiwan (Chinese) | 2.8 | 2.9 | 3.5 | 9.3 | 49.2% |
| Slovakia | 2.1 | 3.0 | 3.8 | 5.0 | 33.5% |
| Others | 54.4 | 63.7 | 67.5 | 69.8 | 8.7% |
| Total | 248 | 273 | 378 | 396 | 16.9% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Belgium in 2022:
- Malaysia (32.2K tons)
- United Kingdom (26.7K tons)
- Netherlands (24.1K tons)
- United States (14.6K tons)
- France (13.0K tons)
- Bahrain (11.6K tons)
- India (10.8K tons)
- China (10.2K tons)
- Germany (8.6K tons)
- Egypt (6.8K tons)
- Slovakia (6.4K tons)
- Mexico (6.0K tons)
- Taiwan (Chinese) (5.9K tons)
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