Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $3,040 per ton in 2022, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import 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 importers, the country with the highest price was France ($8,236 per ton), while the price for Slovakia ($1,651 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $21,079 per ton in 2022, growing by 68% against the previous year. Overall, the export price saw a moderate increase. 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 destination: amid the top suppliers, the country with the highest price was Italy ($54,941 per ton), while the average price for exports to the UK ($12,394 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 the UK (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland
In 2022, approx. 23K tons of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) were imported into Ireland; picking up by 16% on 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $71M in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 61%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 20.5 | 18.2 | 30.2 | 40.7 | 25.7% |
| Germany | 4.6 | 4.7 | 5.6 | 5.4 | 5.5% |
| China | 1.2 | 1.0 | 2.1 | 3.6 | 44.2% |
| Slovakia | 0.9 | 0.6 | 2.3 | 2.9 | 47.7% |
| Sweden | 1.3 | 0.9 | 1.7 | 2.6 | 26.0% |
| Italy | 1.5 | 1.5 | 1.8 | 2.5 | 18.6% |
| Belgium | 1.5 | 1.0 | 1.1 | 2.4 | 17.0% |
| Turkey | 1.0 | 0.7 | 1.1 | 1.5 | 14.5% |
| Bahrain | 0.1 | N/A | 0.3 | 1.4 | 141.0% |
| Others | 8.2 | 5.1 | 8.4 | 8.4 | 0.8% |
| Total | 40.7 | 33.7 | 54.4 | 71.3 | 20.5% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Ireland in 2022:
- United Kingdom (14.2K tons)
- Germany (2.0K tons)
- Slovakia (1.7K tons)
- Belgium (1.1K tons)
- Bahrain (0.8K tons)
- Sweden (0.7K tons)
- Turkey (0.6K tons)
- China (0.6K tons)
- Italy (0.5K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland
For the third year in a row, Ireland recorded decline in shipments abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), which decreased by -59.1% to 905 tons in 2022. In general, exports showed a significant curtailment. The smallest decline of -3.7% was in 2021.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) shrank rapidly to $19M in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, the exports reached the peak of $28M, and then shrank significantly in the following year.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 10.1 | 7.2 | 8.5 | 5.9 | -16.4% |
| Germany | 6.7 | 5.8 | 6.6 | 4.0 | -15.8% |
| France | 1.3 | 1.9 | 2.3 | 2.1 | 17.3% |
| United States | 1.6 | 1.4 | 2.1 | 1.5 | -2.1% |
| Italy | 1.3 | 1.5 | 1.9 | 1.1 | -5.4% |
| Poland | 1.4 | 1.1 | 2.2 | 0.7 | -20.6% |
| Israel | N/A | N/A | N/A | 0.3 | 0% |
| Others | 3.2 | 3.2 | 4.0 | 3.5 | 3.0% |
| Total | 25.7 | 22.0 | 27.8 | 19.1 | -9.4% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Ireland in 2022:
- United Kingdom (475.2 tons)
- France (123.6 tons)
- Germany (103.3 tons)
- United States (48.3 tons)
- Poland (24.1 tons)
- Italy (20.2 tons)
- Israel (15.8 tons)
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