Key Market Indicators
Belgium, Germany and China respectively ranked numbers 2, 3 and 4 in this ranking. Belgium is expecting an increase in export of glass fiber over the next five years. It is forecast to reach 81.5 million kilograms by 2026, growing at a 3.3% average year-on-year rate. This is an increase from the 67.1 million kilograms in 2021, which saw Belgium take second place behind China. Germany and Saudi Arabia were in third and fourth place, respectively. Belgium's imports of glass fiber are expected to decrease slightly over the next five years. It is estimated to be 7.1 million kilograms by 2026, down 0.4% year-on-year. This is a drop from 7.3 million kilograms in 2021, with Belgium ranking second behind Germany and with China in third. Compared to 2004, the demand for glass fiber in Belgium has fallen by 1.8% year-on-year.
