Belgium - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Fibre and Article in Belgium - 2023
Contents:
- Price for Glass Fibre and Article in Belgium (FOB) - 2022
- Price for Glass Fibre and Article in Belgium (CIF) - 2022
- Exports of Glass Fibre and Article in Belgium
- Imports of Glass Fibre and Article in Belgium
Price for Glass Fibre and Article in Belgium (FOB) - 2022
In 2022, the average glass fibre and article export price amounted to $1,756 per ton, rising by 4.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 7.9% against the previous year. The export price peaked at $1,811 per ton in 2014; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($3,031 per ton), while the average price for exports to the UK ($1,421 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 Poland (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Fibre and Article in Belgium (CIF) - 2022
In 2022, the average glass fibre and article import price amounted to $1,838 per ton, picking up by 7.9% against the previous year. In general, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2013 an increase of 13%. The import price peaked at $2,473 per ton in 2014; however, from 2015 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 ($3,322 per ton), while the price for the United States ($963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Fibre and Article in Belgium
In 2022, approx. 452K tons of glass fibres and glass fibre articles were exported from Belgium; remaining constant against 2021. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports attained the peak of 459K tons, and then fell slightly in the following year.
In value terms, glass fibre and article exports rose slightly to $793M in 2022. The total export value increased at an average annual rate of +10.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Glass Fibre and Article in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 152 | 173 | 242 | 247 | 17.6% |
| France | 165 | 155 | 201 | 179 | 2.8% |
| Netherlands | 77.7 | 86.6 | 110 | 115 | 14.0% |
| Italy | 25.8 | 29.2 | 38.5 | 45.1 | 20.5% |
| Spain | 28.9 | 34.9 | 41.5 | 39.8 | 11.3% |
| Poland | 16.9 | 22.5 | 32.7 | 38.1 | 31.1% |
| United States | 18.0 | 14.7 | 11.2 | 21.5 | 6.1% |
| United Kingdom | 21.1 | 20.5 | 12.3 | 17.7 | -5.7% |
| Others | 75.6 | 71.2 | 79.1 | 90.5 | 6.2% |
| Total | 581 | 607 | 768 | 793 | 10.9% |
Top Export Markets for Glass Fibre and Article from Belgium in 2022:
- Germany (151.1K tons)
- France (124.2K tons)
- Netherlands (65.0K tons)
- Italy (22.5K tons)
- Spain (17.2K tons)
- United States (13.6K tons)
- Poland (12.6K tons)
- United Kingdom (12.4K tons)
Imports of Glass Fibre and Article in Belgium
In 2022, after three years of growth, there was significant decline in overseas purchases of glass fibres and glass fibre articles, when their volume decreased by -9.5% to 201K tons. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of 222K tons, and then fell in the following year.
In value terms, glass fibre and article imports fell modestly to $369M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $378M, and then fell slightly in the following year.
| Import of Glass Fibre and Article in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.5 | 20.6 | 57.4 | 46.8 | 165.5% |
| United Kingdom | 4.7 | 3.7 | 41.7 | 45.1 | 112.5% |
| France | 40.1 | 36.3 | 43.1 | 43.6 | 2.8% |
| Netherlands | 39.4 | 38.0 | 36.2 | 34.7 | -4.1% |
| Germany | 36.3 | 33.7 | 28.2 | 26.6 | -9.8% |
| China | 18.4 | 16.6 | 23.1 | 24.5 | 10.0% |
| United States | 17.9 | 29.1 | 34.9 | 20.9 | 5.3% |
| Bahrain | N/A | 2.1 | 7.1 | 16.6 | 181.2% |
| Mexico | 19.2 | 12.8 | 16.4 | 13.5 | -11.1% |
| India | 9.9 | 9.6 | 4.3 | 11.0 | 3.6% |
| Egypt | 0.3 | 0.6 | 10.6 | 9.4 | 215.3% |
| Russia | 6.7 | 6.1 | 6.6 | 6.6 | -0.5% |
| Brazil | 7.4 | 6.3 | 7.4 | 5.3 | -10.5% |
| Others | 45.4 | 57.2 | 61.1 | 64.3 | 12.3% |
| Total | 248 | 273 | 378 | 369 | 14.2% |
Top Suppliers of Glass Fibre and Article to Belgium in 2022:
- Malaysia (32.6K tons)
- United Kingdom (29.9K tons)
- United States (21.7K tons)
- Netherlands (19.3K tons)
- France (13.4K tons)
- Bahrain (11.9K tons)
- China (11.8K tons)
- Germany (8.0K tons)
- India (7.8K tons)
- Egypt (6.9K tons)
- Mexico (6.0K tons)
- Russia (5.5K tons)
- Brazil (3.6K tons)
This report provides an in-depth analysis of the market for glass fibre and article in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)
- Prodcom 23141130 - Glass fibre filaments (including rovings)
- Prodcom 23141150 - Slivers, yarns and chopped strands of filaments of glass fibres (excluding glass fibre threads cut into lengths of at least 3 mm but . .50 mm)
- Prodcom 23141170 - Staple glass fibre articles
- Prodcom 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
- Prodcom 13204600 - Woven fabrics of glass fibre (including narrow fabrics, glass wool)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for glass fibre and article in Belgium.
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2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
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2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
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