EU: 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 EU

In 2022, the EU market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to $X, rising for the second year in a row after six years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports in the EU

In 2022, approx. X tons of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were exported in the European Union; waning by X% on the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles contracted modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Belgium (X tons), distantly followed by France (X tons), the Netherlands (X tons), Slovakia (X tons), Denmark (X tons) and Italy (X tons) represented the key exporters of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, together comprising X% of total exports. Germany (X tons) followed a long way behind the leaders.

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

In value terms, Belgium ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Slovakia, Italy, Denmark and Germany lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. 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 origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (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 the EU

In 2022, approx. X tons of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were imported in the European Union; approximately mirroring 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), Belgium (X tons), Spain (X tons), France (X tons) and Poland (X tons) were the key importers of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, together committing X% of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles. At the same time, the Netherlands (X%), Poland (X%), Spain (X%), Italy (X%), Belgium (X%) and France (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the Netherlands, Italy and Spain increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article importing markets in the European Union were Germany ($X), Italy ($X) and Belgium ($X), together comprising X% of total imports. France, the Netherlands, Spain and Poland lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import 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 importers, the country with the highest price was France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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