In 2023, Italy led the European market for the sold production of glass fibre materials, amounting to 181.04 million euros, representing a significant year-on-year increase of 18.72%. Germany followed with 103.53 million euros, maintaining stability with a negligible variation of 0.12%. Norway witnessed a decline of 0.81%, while France saw a robust growth of 19.12%. Denmark experienced a moderate increase, whereas the UK faced a steep decline of 38.97%. Hungary, Romania, Croatia, and Sweden displayed varied trends, with Hungary declining and Romania rising significantly. The 5-year CAGR analysis would highlight Italy and France as the leaders in growth.
Looking ahead, the European market for glass fibre materials is expected to witness continued advancements owing to technological innovations and increased demand. Key trends to monitor include sustainable production methods, potential regulatory changes in the EU, and the evolving competitive landscape, especially with potential new entrants and shifts in global supply chains that could impact production and cost structures.
Top countries in Sold Production of Slivers, Rovings, Yarn and Chopped Strands of Glass Fibre by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 181,040,000 | 2023 | +5.62% | +18.72% | View data |
| 2 | 2 Germany | 103,530,000 | 2023 | +3.91% | +0.12% | View data |
| 3 | 3 Norway | 60,230,000 | 2023 | +0.0095% | -0.81% | View data |
| 4 | 4 France | 25,789,000 | 2023 | +0.0081% | +19.12% | View data |
| 5 | 5 Denmark | 9,834,600 | 2023 | +8.7% | +4.92% | View data |
| 6 | 6 United Kingdom | 7,859,900 | 2023 | -29.22% | -38.97% | View data |
| 7 | 7 Hungary | 3,855,700 | 2023 | -1.02% | -20.44% | View data |
| 8 | 8 Romania | 2,108,600 | 2023 | +6.6% | +19.82% | View data |
| 9 | 9 Croatia | 256,460 | 2023 | +5.33% | +0.62% | View data |
| 10 | 10 Sweden | 27 | 2023 | +3.85% | View data |
