Eastern Europe: 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 Eastern Europe

In 2022, the East European market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained 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 Eastern Europe

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles shrank to $X in 2022 estimated in export price. Overall, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports in Eastern Europe

In 2022, shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a mild downturn. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports of reached the maximum at X tons in 2021, and then reduced rapidly in the following year.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles fell dramatically to $X in 2022. In general, exports continue to indicate a mild shrinkage. 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 reduced notably in the following year.

Exports by Country

Slovakia prevails in articles structure, amounting to X tons, which was near X% of total exports in 2022. Belarus (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%), Russia (X%) and Latvia (X%). Poland (X tons) and Romania (X tons) took a minor share of total exports.

Slovakia experienced a relatively flat trend pattern with regard to volume of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles. At the same time, Romania (X%), Belarus (X%), Poland (X%) and Russia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Latvia (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Slovakia, Belarus, Russia, Romania and Poland increased by X, X, X, X and X percentage points, respectively.

In value terms, Slovakia ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total exports. It was followed by Belarus, with an X% share.

In Slovakia, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 the Czech Republic ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

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

Imports in Eastern Europe

In 2022, approx. X tons of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were imported in Eastern Europe; which is down by X% against the previous year. Total imports indicated tangible growth from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2022. Total imports indicated a resilient expansion 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Poland (X tons), distantly followed by Russia (X tons), the Czech Republic (X tons), Hungary (X tons), Romania (X tons), Slovakia (X tons), Lithuania (X tons) and Moldova (X tons) represented the main importers of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, together constituting X% of total imports. Ukraine (X tons) took a little 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 Moldova (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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