Eastern Europe: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Eastern Europe

In 2022, the East European glass fibre mat market increased by 15% to $X, rising for the third consecutive year after three years of decline. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +128.8% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Glass Fibre Mat Production in Eastern Europe

In value terms, glass fibre mat production skyrocketed to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +142.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. The level of production peaked in 2022 and is likely to continue growth in the near future.

Glass Fibre Mat Exports

Exports in Eastern Europe

Glass fibre mat exports reduced rapidly to X tons in 2022, shrinking by -54.9% compared with 2021. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2018 with an increase of 36%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre mat exports reduced sharply to $X in 2022. In general, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Poland was the major exporting country with an export of about X tons, which resulted at 44% of total exports. Latvia (X tons) held the second position in the ranking, followed by the Czech Republic (X tons). All these countries together took near 44% share of total exports. Romania (X tons), Estonia (X tons), Lithuania (X tons) and Hungary (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +2.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat supplying countries in Eastern Europe were Poland ($X), Latvia ($X) and the Czech Republic ($X), together comprising 80% of total exports. Hungary, Romania, Lithuania and Estonia lagged somewhat behind, together comprising a further 9.5%.

Hungary, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by 49% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre mat export price increased by +121.6% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+14.5%), while the other leaders experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports in Eastern Europe

Glass fibre mat imports fell to X tons in 2022, which is down by -13.5% on 2021. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre mat imports declined sharply to $X in 2022. In general, imports showed a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, Poland (X tons), distantly followed by Russia (X tons), Hungary (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the major importers of glass fibre mats, together creating 83% of total imports. The following importers - Romania (X tons) and Belarus (X tons) - each finished at an 8.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +5.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, together comprising 58% of total imports. Slovakia, Hungary, Romania and Belarus lagged somewhat behind, together accounting for a further 34%.

Slovakia, with a CAGR of +15.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, waning by -4.9% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre mat import price increased by +18.3% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Belarus ($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 (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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