Czech Republic: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in the Czech Republic

The Czech market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in the Czech Republic

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose rapidly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from the Czech Republic

After two years of growth, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles decreased by X% to X tons in 2022. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reduced notably to $X in 2022. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

Germany (X tons), China (X tons) and the UK (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from the Czech Republic, with a combined X% share of total exports. Poland, France, the Netherlands, Romania, South Africa, Austria, Slovakia, Hungary, Italy and Latvia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for glass fibre filament, roving, and staple glass fibre article exported from the Czech Republic were China ($X), Germany ($X) and the UK ($X), with a combined X% share of total exports. France, Poland, Austria, the Netherlands, Italy, Slovakia, Romania, Latvia, Hungary and South Africa lagged somewhat behind, together comprising a further X%.

South Africa, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 China ($X per ton), while the average price for exports to South Africa ($X 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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into the Czech Republic

In 2022, approx. X tons of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were imported into the Czech Republic; picking up by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2022. In general, total imports indicated a prominent 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), China (X tons) and Slovakia (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to the Czech Republic, together comprising X% of total imports. Poland, Germany, Bahrain, South Korea, France, Taiwan (Chinese), Russia, Italy and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and Slovakia ($X) constituted the largest glass fibre filament, roving, and staple glass fibre article suppliers to the Czech Republic, with a combined X% share of total imports. Poland, South Korea, Bahrain, Germany, France, Taiwan (Chinese), Italy, Russia and Mexico lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price 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, import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Mexico ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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