Denmark: Glass Fibre Fabrics Market 2023

Glass Fibre Fabrics Market Size in Denmark

In 2021, after two years of growth, there was significant decline in the Danish glass fibre fabrics market, when its value decreased by -9.9% to $X. Overall, consumption recorded a deep contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Glass Fibre Fabrics Production in Denmark

In value terms, glass fibre fabrics production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. Glass fibre fabrics production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Glass Fibre Fabrics Exports

Exports from Denmark

In 2021, overseas shipments of glass fibre fabrics decreased by -19.4% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 153%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass fibre fabrics exports surged to $X in 2021. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 116% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main destinations of glass fibre fabrics exports from Denmark, with a combined 55% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +7.1%), while the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for glass fibre fabrics exported from Denmark worldwide, with a combined 51% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2021, jumping by 51% against the previous year. Overall, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 141%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Denmark

In 2021, purchases abroad of glass fibre fabrics decreased by -11.1% to X tons, falling for the seventh consecutive year after three years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 11%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fibre fabrics imports declined to $X in 2021. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 7.7%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of glass fibre fabrics imports to Denmark, together accounting for 69% of total imports. These countries were followed by China, Poland, Turkey, France, Belgium, Egypt, Austria and Finland, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +4,323.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of glass fibre fabrics to Denmark, comprising 31% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 15% share of total imports. It was followed by Sweden, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+20.9% per year) and Sweden (-5.2% per year).

Import Prices by Country

In 2021, the average glass fibre fabrics import price amounted to $X per ton, standing approx. at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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