Slovakia: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Slovakia

In 2022, the Slovak glass fibre and article market increased by X% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a mild contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Glass Fibres and Glass Fibre Articles in Slovakia

In value terms, glass fibre and article production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. Glass fibre and article production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in shipments abroad of glass fibres and glass fibre articles, when their volume decreased by X% to X tons. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre and article exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped slightly in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and the UK (X tons) were the main destinations of glass fibre and article exports from Slovakia, together comprising X% of total exports. France, Spain, Poland, the Czech Republic, Austria, the Netherlands, Turkey, Belgium and Hungary lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) remains the key foreign market for glass fibres and glass fibre articles exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the UK (X% per year).

Export Prices by Country

The average glass fibre and article export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 Hungary ($X per ton), while the average price for exports to Italy ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres and Glass Fibre Articles

Imports into Slovakia

In 2022, the amount of glass fibres and glass fibre articles imported into Slovakia stood at X tons, approximately equating the previous year's figure. In general, total imports indicated prominent 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 was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, glass fibre and article imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a buoyant 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and France (X tons) were the main suppliers of glass fibre and article imports to Slovakia, together accounting for X% of total imports. Belgium, Germany, Egypt, North Macedonia, the United States, China, the UK, Romania, Turkey and Austria 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 Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre and article suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Poland ($X), together accounting for X% of total imports. France, Belgium, North Macedonia, the United States, the UK, China, Egypt, Austria, Romania and Turkey lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre and article import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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