Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,309 per ton in March 2022, dropping by -4.1% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 an increase of 17% m-o-m. Over the period under review, average import prices reached the maximum at $2,742 per ton in July 2021; however, from August 2021 to March 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Cambodia ($5,201 per ton), while the price for Kuwait ($868 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.1%), 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 Indonesia (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $3,348 per ton in 2022, reducing by -8.4% against the previous year. Over the period under review, the export price, however, showed temperate growth. The growth pace was the most rapid in 2015 when the average export price increased by 97% against the previous year. The export price peaked at $7,695 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($4,509 per ton), while the average price for exports to the Philippines ($1,385 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 Italy (+40.5%), 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 Indonesia
In 2022, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Indonesia reached 48K tons, growing by 5.6% on the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) expanded to $112M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.9 | 30.9 | 58.3 | 64.9 | 9.2% |
| Malaysia | 5.0 | 13.7 | 18.6 | 13.3 | 38.6% |
| Taiwan (Chinese) | 3.4 | 3.4 | 3.5 | 5.3 | 15.9% |
| Japan | 4.5 | 3.4 | 5.3 | 4.5 | 0.0% |
| South Korea | 1.3 | 1.9 | 2.6 | 3.6 | 40.4% |
| Cambodia | N/A | 8.2 | 6.5 | 2.0 | -50.6% |
| Kuwait | 1.2 | 1.1 | 1.1 | 1.3 | 2.7% |
| Others | 12.6 | 10.0 | 13.2 | 17.1 | 10.7% |
| Total | 77.9 | 72.7 | 109 | 112 | 12.9% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Indonesia in 2022:
- China (34.8K tons)
- Malaysia (4.8K tons)
- Taiwan (Chinese) (2.8K tons)
- Kuwait (1.4K tons)
- Japan (1.0K tons)
- South Korea (0.8K tons)
- Cambodia (0.4K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia
In 2022, shipments abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -23.9% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) shrank markedly to $3.6M in 2022. Over the period under review, exports recorded a abrupt decline. The smallest decline of -7.8% was in 2020.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.7 | 36.2 | 0.2 | 664 | 464.1% |
| India | 404 | 1,010 | 1,486 | 649 | 17.1% |
| Malaysia | 1,798 | 938 | 291 | 610 | -30.3% |
| Japan | 905 | 788 | 753 | 547 | -15.5% |
| Thailand | 382 | 367 | 351 | 263 | -11.7% |
| Australia | 1,689 | 990 | 1,218 | 114 | -59.3% |
| Vietnam | 127 | 698 | 204 | 109 | -5.0% |
| Philippines | 15.6 | 27.7 | 3.9 | 59.1 | 55.9% |
| United Arab Emirates | 125 | 489 | 76.6 | N/A | -21.7% |
| Others | 1,007 | 610 | 779 | 580 | -16.8% |
| Total | 6,456 | 5,953 | 5,163 | 3,596 | -17.7% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Indonesia in 2022:
- India (188.5 tons)
- New Zealand (173.0 tons)
- Thailand (160.7 tons)
- Malaysia (150.8 tons)
- Japan (125.1 tons)
- Vietnam (66.2 tons)
- Philippines (42.7 tons)
- Australia (25.2 tons)
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