In 2023, the European sold production of glass fibres displayed mixed trends across various countries. Germany led the market with a production value of €713.29 million, reflecting a robust year-on-year increase of 6.91%. France recorded a slight dip of -1.95%, totaling €568.64 million. The United Kingdom saw a decrease of -1.77%, producing €440.25 million. On the contrary, Italy experienced significant growth at 11.04%, reaching €315.99 million. Belgium and Sweden maintained their output levels, with €241.43 million and €70.871 million, respectively. Other notable changes were seen in Poland (+5.62%) and Denmark (+3.78%). Norway and Finland had minor shifts, whereas Hungary faced a substantial decline of -20.49%. Estonia's production marked the highest drop at -65.44%, while Portugal and Croatia remained relatively stable.
Future trends to watch for in the European glass fibre production market include:
- Continuous growth in Germany and Italy driven by industrial demand and technological advancements.
- Potential recovery in the United Kingdom and France, assuming stabilization of economic conditions post-2023.
- Emerging markets in Eastern Europe, such as Romania and Slovakia, which showed positive growth signs.
- Impact of sustainable manufacturing practices and increasing demand for eco-friendly materials.
- Possible shifts in Belgium and Finland if current production trends continue as predicted.
Top countries in Sold Production of Glass Fibres by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 713,290,000 | 2023 | +1.05% | +6.91% | View data |
| 2 | 2 France | 568,640,000 | 2023 | -4.22% | -1.95% | View data |
| 3 | 3 United Kingdom | 440,250,000 | 2023 | +0.94% | -1.77% | View data |
| 4 | 4 Italy | 315,990,000 | 2023 | +10.95% | +11.04% | View data |
| 5 | 5 Belgium | 241,430,000 | 2023 | +11.19% | View data | |
| 6 | 6 Poland | 198,190,000 | 2023 | +5.56% | +5.62% | View data |
| 7 | 7 Denmark | 152,640,000 | 2023 | +12.93% | +3.78% | View data |
| 8 | 8 Finland | 140,160,000 | 2023 | +1.56% | +0.34% | View data |
| 9 | 9 Sweden | 70,871,000 | 2023 | +2.91% | View data | |
| 10 | 10 Norway | 60,230,000 | 2023 | +0.0095% | -0.81% | View data |
