Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia - 2024
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia (FOB) - 2024
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2,551 per ton, picking up by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2017 an increase of 40%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($3,782 per ton), while the price for Taiwan (Chinese) ($907 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia (FOB) - 2024
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $12,340 per ton in January 2024, surging by 44% against the previous month. Over the period under review, the export price saw a mild increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Singapore ($28,151 per ton), while the average price for exports to Papua New Guinea ($3,643 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia
Imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Australia surged to 67K tons in 2022, with an increase of 18% against 2021. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 28%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $170M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.2 | 16.0 | 19.1 | 34.4 | 28.5% |
| United States | 21.2 | 16.7 | 12.2 | 12.5 | -16.1% |
| Malaysia | 0.6 | 0.5 | 8.9 | 10.8 | 162.1% |
| Thailand | 1.7 | 1.7 | 2.4 | 7.7 | 65.5% |
| United Kingdom | 25.1 | 26.8 | 17.1 | 5.6 | -39.3% |
| Saudi Arabia | 0.3 | 0.2 | 0.4 | 4.1 | 139.1% |
| Taiwan (Chinese) | 1.8 | 0.5 | 0.5 | 2.3 | 8.5% |
| Turkey | 3.7 | 2.3 | 1.5 | 0.2 | -62.2% |
| Others | 40.9 | 27.3 | 54.3 | 92.1 | 31.1% |
| Total | 112 | 92.1 | 116 | 170 | 14.9% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Australia in 2022:
- China (9.3K tons)
- Malaysia (9.0K tons)
- United States (4.2K tons)
- Thailand (4.2K tons)
- Saudi Arabia (3.1K tons)
- Taiwan (Chinese) (2.5K tons)
- United Kingdom (2.0K tons)
- Turkey (0.1K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia
Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Australia fell significantly to 2.2K tons in 2022, which is down by -46.3% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 24%.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) soared to $17M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 6.5 | 5.1 | 6.3 | 10.9 | 18.8% |
| United States | 0.2 | 0.6 | 1.1 | 2.3 | 125.7% |
| United Arab Emirates | 0.2 | 0.1 | 0.1 | 1.3 | 86.6% |
| Papua New Guinea | 0.7 | 0.5 | 0.4 | 0.4 | -17.0% |
| China | 0.2 | 0.5 | 1.2 | N/A | 144.9% |
| Others | 2.9 | 2.4 | 3.5 | 2.4 | -6.1% |
| Total | 10.7 | 9.2 | 12.6 | 17.2 | 17.1% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Australia in 2022:
- New Zealand (1657.1 tons)
- United States (175.8 tons)
- United Arab Emirates (72.0 tons)
- Papua New Guinea (69.8 tons)
- China (4.8 tons)
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