Philippines - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Fibre and Article in the Philippines - 2023
Contents:
- Price for Glass Fibre and Article in the Philippines (CIF) - 2022
- Price for Glass Fibre and Article in the Philippines (FOB) - 2022
- Imports of Glass Fibre and Article in the Philippines
- Exports of Glass Fibre and Article in the Philippines
Price for Glass Fibre and Article in the Philippines (CIF) - 2022
In 2022, the average glass fibre and article import price amounted to $2,945 per ton, growing by 20% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre and article import price increased by +42.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 51%. The import price peaked at $3,196 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8,837 per ton), while the price for China ($1,947 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibre and Article in the Philippines (FOB) - 2022
In 2022, the average glass fibre and article export price amounted to $4,586 per ton, with a decrease of -19.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 40%. The export price peaked at $5,700 per ton in 2021, and then dropped sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($11,976 per ton), while the average price for exports to Vietnam ($2,590 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibre and Article in the Philippines
In 2022, the amount of glass fibres and glass fibre articles imported into the Philippines shrank to 8.7K tons, declining by -9.5% on the previous year. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 43%.
In value terms, glass fibre and article imports rose remarkably to $25M in 2022. Overall, imports showed a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year.
Import of Glass Fibre and Article in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.1 | 6.8 | 14.6 | 14.0 | 2.2% |
Japan | 2.4 | 2.5 | 3.5 | 3.2 | 10.1% |
Malaysia | 0.4 | 0.5 | 0.5 | 1.3 | 48.1% |
Singapore | 1.3 | 0.4 | 0.4 | 0.8 | -14.9% |
South Korea | 1.4 | 0.7 | 1.0 | 0.6 | -24.6% |
Taiwan (Chinese) | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
Others | 9.2 | 2.9 | 3.3 | 5.2 | -17.3% |
Total | 28.1 | 13.8 | 23.5 | 25.5 | -3.2% |
Top Suppliers of Glass Fibre and Article to the Philippines in 2022:
- China (7.2K tons)
- Japan (0.4K tons)
- Singapore (0.2K tons)
- Malaysia (0.2K tons)
- South Korea (0.2K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Glass Fibre and Article in the Philippines
In 2022, the amount of glass fibres and glass fibre articles exported from the Philippines fell rapidly to 1.1K tons, reducing by -39.3% on the previous year. Over the period under review, exports faced a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 8.5%.
In value terms, glass fibre and article exports shrank markedly to $5.1M in 2022. Overall, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 24%.
Export of Glass Fibre and Article in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 4.3 | 3.5 | 6.5 | 3.3 | -8.4% |
Canada | 0.2 | N/A | 0.2 | 0.5 | 35.7% |
Pakistan | 0.5 | 1.1 | 1.7 | 0.5 | 0.0% |
Vietnam | N/A | N/A | N/A | 0.3 | 0% |
United States | 0.7 | 0.4 | 0.1 | 0.1 | -47.7% |
China | 4.5 | 1.6 | 0.1 | 0.1 | -71.9% |
Papua New Guinea | 0.3 | N/A | N/A | N/A | 0% |
Others | 2.3 | 1.8 | 1.9 | 0.3 | -49.3% |
Total | 12.8 | 8.5 | 10.4 | 5.1 | -26.4% |
Top Export Markets for Glass Fibre and Article from the Philippines in 2022:
- Japan (736.1 tons)
- Pakistan (143.9 tons)
- Vietnam (125.2 tons)
- Canada (44.6 tons)
- China (15.7 tons)
- United States (15.2 tons)
This report provides an in-depth analysis of the market for glass fibre and article in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)
- Prodcom 23141130 - Glass fibre filaments (including rovings)
- Prodcom 23141150 - Slivers, yarns and chopped strands of filaments of glass fibres (excluding glass fibre threads cut into lengths of at least 3 mm but . .50 mm)
- Prodcom 23141170 - Staple glass fibre articles
- Prodcom 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
- Prodcom 13204600 - Woven fabrics of glass fibre (including narrow fabrics, glass wool)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for glass fibre and article in the Philippines.
This report provides an in-depth analysis of the market for glass fibre filament, roving, and staple glass fibre article in the Philippines.
This report provides an in-depth analysis of the market for glass fibre chopped strand in the Philippines.
This report provides an in-depth analysis of the glass fibre mat market in the Philippines.
This report provides an in-depth analysis of the glass fibre filament market in the Philippines.
This report provides an in-depth analysis of the market for staple glass fibre articles in the Philippines.
This report provides an in-depth analysis of the glass fibre fabrics market in the Philippines.
This report provides an in-depth analysis of the glass fiber market in the Philippines.
This report provides an in-depth analysis of the filament mat market in the Philippines.
This report provides an in-depth analysis of the glass wool mat market in the Philippines.
2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
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In value terms, carded and combed artificial staple fibres exports amounted to $X in 2016. Overall, carded and combed artificial staple fibres exports continue to indicate a deep decrease. Global ca...
Explore the top import markets for glass fibre fabrics based on import values in 2023. Discover key countries driving the global demand for these versatile materials.
Discover the leading countries for glass fiber imports and the key statistics behind their market values. From the United States to Spain, explore the opportunities in the global glass fiber industry.
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2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.