Luxembourg: Glass Fiber Market 2024

Glass Fiber Market Size in Luxembourg

In 2022, the Luxembourg glass fiber market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a noticeable descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Glass Fiber Exports

Exports from Luxembourg

In 2022, the amount of voiles, webs, mats and other articles of glass fibers exported from Luxembourg reduced dramatically to X tons, dropping by X% on 2021 figures. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass fiber exports declined dramatically to $X in 2022. Overall, total exports indicated a slight 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Turkey (X tons) and France (X tons) were the main destinations of glass fiber exports from Luxembourg, together comprising X% of total exports. Ukraine, Belgium, Italy, Hungary, Poland and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, Turkey ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Luxembourg, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The average glass fiber export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. 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 Turkey ($X per ton), while the average price for exports to Italy ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into Luxembourg

In 2022, approx. X tons of voiles, webs, mats and other articles of glass fibers were imported into Luxembourg; waning by X% against 2021 figures. Overall, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, glass fiber imports reduced to $X in 2022. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and Finland (X tons) were the main suppliers of glass fiber imports to Luxembourg, together accounting for X% of total imports. The Czech Republic, Russia and France 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 Russia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest glass fiber suppliers to Luxembourg were Germany ($X), Belgium ($X) and Finland ($X), with a combined X% share of total imports. The Czech Republic, France and Russia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Russia, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average glass fiber import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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