Benelux: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Benelux

The Benelux glass fibre filament market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, showed a slight decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Glass Fibre Filament Production in Benelux

In value terms, glass fibre filament production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Glass Fibre Filament Exports

Exports in Benelux

Glass fibre filament exports soared to X tons in 2021, picking up by 19% against 2020. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 34%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, glass fibre filament exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium was the key exporter of glass fibre filaments in Benelux, with the volume of exports reaching X tons, which was approx. 78% of total exports in 2021. It was distantly followed by the Netherlands (X tons), creating a 22% share of total exports.

Exports from Belgium decreased at an average annual rate of -1.5% from 2012 to 2021. At the same time, the Netherlands (+10.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +10.7% from 2012-2021. From 2012 to 2021, the share of the Netherlands increased by +13 percentage points.

In value terms, Belgium ($X) remains the largest glass fibre filament supplier in Benelux, comprising 79% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total exports.

In Belgium, glass fibre filament exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.7%).

Glass Fibre Filament Imports

Imports in Benelux

In 2021, imports of glass fibre filaments in Benelux surged to X tons, increasing by 28% on the year before. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 59%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, glass fibre filament imports surged to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 52%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Belgium was the key importing country with an import of about X tons, which resulted at 82% of total imports. It was distantly followed by the Netherlands (X tons), making up an 18% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to glass fibre filament imports into Belgium stood at +2.1%. At the same time, the Netherlands (+13.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +13.0% from 2012-2021. The Netherlands (+9.8 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -9.8% from 2012 to 2021, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported glass fibre filaments in Benelux, comprising 82% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Belgium amounted to +2.9%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, rising by 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 23%. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.7%).

Source: IndexBox Platform

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