Key Market Indicators
The country was number 15 in 2021, Belgium overtook at 1,101,700 Kilograms. China, Finland and Italy respectively ranked numbers 2, 3 and 4 in this ranking. Hungary's glass fiber exports are expected to reach around 2.7 million kilograms by 2026, a 1% year-on-year growth rate on average since 1997. In 2021, Hungary was placed 26th in the global ranking, with the Netherlands overtaking it at 2.57 million kilograms. Belgium, Germany and Saudi Arabia ranked second, third and fourth in this ranking. Meanwhile, imports of glass fiber into Hungary are expected to decrease by 0.1% year-on-year to 1.1 million kilograms by 2026. Since 1997, the country's demand for the material has risen by 2.2% annually. In 2021, Belgium overtook Hungary at 1.1 million kilograms, while China, Finland and Italy ranked second, third and fourth respectively.
