In 2023, Germany led the European glass fibres market with 26.84% share, showcasing a significant 6.91% year-on-year increase. France and the UK followed with 21.4% and 16.57%, yet both experienced a slight decline near 2%. Italy saw remarkable growth at 11.04%, while Belgium's share remained stable. Poland and Romania demonstrated notable growth rates of 5.62% and 5.29% respectively. Conversely, Hungary and Estonia witnessed considerable declines. Over the past five years, the compound annual growth rates suggest a steady performance for Germany and Italy, indicating resilience and potential future growth.
Going forward, watch for Germany's continued dominance and Italy's potential rise. Economic and policy shifts related to sustainability could impact future production shares. Emerging technological advancements and innovation within the industry might benefit countries with robust research sectors, potentially altering the existing hierarchies in the European market.
Top countries in Sold Production of Glass Fibres Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.84 | 2023 | +1.05% | +6.91% | View data |
| 2 | 2 France | 21.4 | 2023 | -4.22% | -1.95% | View data |
| 3 | 3 United Kingdom | 16.57 | 2023 | +0.94% | -1.77% | View data |
| 4 | 4 Italy | 11.89 | 2023 | +10.95% | +11.04% | View data |
| 5 | 5 Belgium | 9.08 | 2023 | +11.19% | View data | |
| 6 | 6 Poland | 7.46 | 2023 | +5.56% | +5.62% | View data |
| 7 | 7 Denmark | 5.74 | 2023 | +12.93% | +3.78% | View data |
| 8 | 8 Finland | 5.27 | 2023 | +1.56% | +0.34% | View data |
| 9 | 9 Sweden | 2.67 | 2023 | +2.91% | View data | |
| 10 | 10 Norway | 2.27 | 2023 | +0.0095% | -0.81% | View data |
