European Glass Fibers hours worked by country in 2024 indicate varied performance across regions. Germany led the market with 13.632 million hours, demonstrating robust growth. In contrast, Latvia showed significant hours at 2.885 million, followed by Romania and the Netherlands, both nearing 1.5 million. Less active countries included Belgium, Slovakia, Norway, Italy, and Spain, each around 1 million hours or slightly less. Finland, Portugal, and Cyprus posted minimal figures, signaling lower industry activity.
From 2023 data, Germany and Latvia saw positive growth rates of 5.18% and 3.47%, respectively. Romania and Norway had marginal increases, while the Netherlands, Belgium, Slovakia, Italy, Spain, Finland, Portugal, and Cyprus experienced declines. Notably, Finland and Cyprus recorded the most severe decreases, with Finland at -25.64% and Cyprus at -50.4% from the previous year.
Future trends to watch include Germany's continued dominance and potential market expansion. Latvia's growth trajectory suggests it could become a significant player. However, countries like Finland and Cyprus could face further contractions unless strategic interventions occur. Monitoring technological advancements and regulatory changes will be crucial for projecting further growth in this sector.
Top countries in Glass Fibers Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13,632,000 | 2023 | +13.73% | +5.18% | View data |
| 2 | 2 Latvia | 2,885,000 | 2023 | +3.43% | +3.47% | View data |
| 3 | 3 Romania | 1,478,500 | 2023 | +6.17% | +0.47% | View data |
| 4 | 4 Netherlands | 1,471,500 | 2023 | -2.46% | -3.17% | View data |
| 5 | 5 Belgium | 1,445,300 | 2023 | +1.08% | -1.17% | View data |
| 6 | 6 Slovakia | 1,396,000 | 2023 | -3.04% | -4.72% | View data |
| 7 | 7 Norway | 1,103,100 | 2023 | -0.3% | +0.29% | View data |
| 8 | 8 Italy | 1,100,700 | 2023 | -0.3% | -0.29% | View data |
| 9 | 9 Spain | 1,090,400 | 2023 | -6.39% | -4.49% | View data |
| 10 | 10 Finland | 344,430 | 2023 | -19.44% | -25.64% | View data |
