Singapore - Glass Fibres And Glass Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Glass Fibres and Wool in Singapore - 2022
Contents:
- Price for Glass Fibres and Wool in Singapore (CIF) - 2022
- Price for Glass Fibres and Wool in Singapore (FOB) - 2022
- Imports of Glass Fibres and Wool in Singapore
- Exports of Glass Fibres and Wool in Singapore
Price for Glass Fibres and Wool in Singapore (CIF) - 2022
The average glass fibres and wool import price stood at $14,364 per ton in 2022, increasing by 14% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibres and wool import price increased by +83.5% against 2012 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($33,937 per ton), while the price for India ($3,737 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres and Wool in Singapore (FOB) - 2022
The average glass fibres and wool export price stood at $8,130 per ton in 2022, stabilizing at the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibres and wool export price decreased by -11.6% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 15% against the previous year. The export price peaked at $9,192 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($9,186 per ton), while the average price for exports to Australia ($4,348 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 Malaysia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres and Wool in Singapore
For the third consecutive year, Singapore recorded decline in purchases abroad of glass fibres and glass wool, which decreased by -6.2% to 4.7K tons in 2022. In general, imports continue to indicate a abrupt decrease.
In value terms, glass fibres and wool imports expanded sharply to $67M in 2022. Overall, imports recorded a abrupt descent.
Import of Glass Fibres and Wool in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 34.6 | 25.1 | 21.2 | 28.0 | -6.8% |
Malaysia | 22.3 | 10.1 | 11.5 | 12.2 | -18.2% |
Taiwan (Chinese) | 13.3 | 12.8 | 16.8 | 9.4 | -10.9% |
Japan | 10.4 | 13.7 | 5.2 | 6.3 | -15.4% |
United States | 3.1 | 1.8 | 1.8 | 3.7 | 6.1% |
India | 0.9 | 0.9 | 0.9 | 1.2 | 10.1% |
Kuwait | N/A | N/A | N/A | 0.5 | 0% |
United Arab Emirates | 3.0 | 2.3 | 0.4 | 0.2 | -59.5% |
Others | 7.3 | 5.0 | 5.2 | 5.8 | -7.4% |
Total | 95.0 | 71.8 | 63.1 | 67.3 | -10.9% |
Top Suppliers of Glass Fibres and Wool to Singapore in 2022:
- Malaysia (1970.6 tons)
- China (1222.0 tons)
- Taiwan (Chinese) (407.1 tons)
- India (325.4 tons)
- Japan (184.8 tons)
- United States (134.6 tons)
- Kuwait (127.2 tons)
- United Arab Emirates (14.3 tons)
Exports of Glass Fibres and Wool in Singapore
Glass fibres and wool exports from Singapore surged to 3.6K tons in 2022, growing by 27% against the previous year's figure. Over the period under review, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, glass fibres and wool exports surged to $30M in 2022. Overall, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Glass Fibres and Wool in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 2.9 | 1.1 | 2.0 | 5.7 | 25.3% |
China | 6.6 | 7.3 | 6.4 | 5.4 | -6.5% |
Malaysia | 6.4 | 3.6 | 4.9 | 4.4 | -11.7% |
South Korea | 4.1 | 2.1 | 2.0 | 3.0 | -9.9% |
United States | 2.0 | 0.7 | 1.6 | 2.3 | 4.8% |
Japan | 1.3 | 1.0 | 1.0 | 1.6 | 7.2% |
India | 1.2 | 1.4 | 1.1 | 1.5 | 7.7% |
Thailand | 0.8 | 0.6 | 0.6 | 1.0 | 7.7% |
Taiwan (Chinese) | 0.6 | 0.7 | 0.7 | 0.8 | 10.1% |
Sweden | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
Australia | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
Others | 2.2 | 1.4 | 2.5 | 2.8 | 8.4% |
Total | 28.6 | 20.2 | 23.1 | 29.6 | 1.2% |
Top Export Markets for Glass Fibres and Wool from Singapore in 2022:
- Indonesia (748.7 tons)
- China (660.6 tons)
- Malaysia (478.0 tons)
- South Korea (365.6 tons)
- United States (285.8 tons)
- Japan (192.6 tons)
- India (182.9 tons)
- Thailand (123.1 tons)
- Taiwan (Chinese) (92.5 tons)
- Australia (87.5 tons)
- Sweden (86.0 tons)
This report provides an in-depth analysis of the market for glass fibres and wool in Singapore. 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 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
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