Glass fibre slivers, yarns and threads market in Denmark

Earlier Report Observations

The Danish market for glass fibre slivers, yarns, and threads experienced notable shifts between 2018 and 2021, with market volume rising from 10.7 million USD in 2018 to 12.6 million USD in 2019, then contracting to 8.5 million USD in 2020 before recovering to 12.8 million USD in 2021. The initial period was characterized by active export trade and a diverse product range, including E-glass yarns with thermal resistance up to 600°C, supporting domestic production and market activity.

From 2022 onward, the market landscape began to transform due to regulatory and industrial developments. The EU's imposition of anti-dumping duties on imports of glass fibre yarn from China altered competitive dynamics and aimed to protect domestic manufacturers. Concurrently, Denmark's wind energy sector, which supplied a record 53% of the country's power in 2022, drove increased demand for glass fibre in wind turbine blade manufacturing. Industry investment in circular economy solutions, such as the Innovation Fund Denmark's project for recycling glass fibre from wind blades involving Vestas and Ørsted, further emphasized sustainability trends.

Growing demand from construction, automotive—where composite integration rose by 19%—and emerging segments like sports equipment continued to shape the market. Strategic alliances, notably between Owens Corning and Taishan Fiberglass, facilitated access to specialized glass products. However, production faced ongoing challenges from high energy consumption and raw material dependency, which increased manufacturing costs.

Production glass fibre slivers, yarns and threads in Denmark

In value, 2018-2021, K $ US

In 2019, Denmark's output of glass fibre slivers, yarns and threads reached its peak at 5 550 K $ US, marking a significant 24.4% increase. However, in 2020, production dropped sharply by 26.1% to 4 099 K $ US, the lowest value recorded. By 2021, there was a recovery, with output rising 10.9% year-on-year to 4 548 K $ US.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

Denmark's production of glass fibre slivers, yarns and threads has been declining for two consecutive years. In 2019, output peaked at 6 089 t, showing a 28.4% increase. The following year, 2020, saw the largest decline of 65.8%. In 2021, production fell further to 1 296 t, a sharp 37.8% drop from the previous year. Overall, from 2018 to 2021, production decreased by 72.7%, with an annualized decline rate of 35.1%.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports glass fibre slivers, yarns and threads from Denmark

Exports in kind, t

After two years of decline, Denmark's exports of glass fibre slivers, yarns and threads showed a modest recovery in 2021. In 2020, exports hit their lowest point at 1 652 t, reflecting a substantial 33.6% decrease. The following year, 2021, saw a slight 2.4% increase to 1 691 t. Over the period from 2018 to 2021, exports fell by 43.7%, with an annualized decline rate of 17.4%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, Denmark's key export partners for glass fibre slivers, yarns and threads in volume terms were Czechia, accounting for 25.0% of exports, Germany with 17.5%, and Romania at 9.9%. Together, these three countries represented 52.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Denmark's exports of glass fibre slivers, yarns and threads in value terms have increased for two consecutive years. In 2019, exports were at their lowest, totaling 4 100 K $ US, with a 3.8% decline. By 2020, there was an uptick, and in 2021, exports rose 14.8% year-on-year to 4 838 K $ US. Overall, from 2018 to 2021, exports grew by 13.5%, with an annualized growth rate of 4.3%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

Between 2018 and 2021, Denmark's exports of glass fibre slivers, yarns and threads in value terms were not heavily concentrated. The top destinations were Romania, accounting for 14.3% of exports, Russia at 9.3%, and Czechia with 8.7%. Combined, these three countries made up 32.3% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports glass fibre slivers, yarns and threads to Denmark

Imports in kind, t

Imports of glass fibre slivers, yarns and threads into Denmark showed significant volatility from 2018 to 2021. In 2020, imports reached their lowest point at 1 050 t, marking a 40.0% decline. The following year, 2021, saw a sharp rebound, with imports surging 82.7% to 1 918 t, the highest volume recorded. This created a 1.8-fold gap between the lowest and highest years.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

From 2018 to 2021, Denmark's imports of glass fibre slivers, yarns and threads in volume terms were highly concentrated. Poland and Bahrain were the two leading markets, together accounting for 87.7% of total imports, while the remainder was distributed among various other countries.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

Denmark's imports of glass fibre slivers, yarns and threads in value terms have been on an upward trend. In 2020, imports were at their lowest, totaling 8 628 K $ US, with a 22.9% decline. By 2021, imports jumped sharply by 52.1% year-on-year to 13 120 K $ US. Over the period from 2018 to 2021, imports increased by 25.3%, with an annualized growth rate of 7.8%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

Between 2018 and 2021, Poland dominated Denmark's imports of glass fibre slivers, yarns and threads in value terms, accounting for 87.4% of total flows. The remaining share was spread across various smaller destinations.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021