Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa - 2024
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2,309 per ton, increasing by 5.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 8%. Over the period under review, average import prices reached the maximum at $2,399 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,433 per ton), while the price for Hong Kong SAR ($1,113 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.8%), 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 South Africa (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $3,742 per ton in 2022, surging by 22% against the previous year. Overall, the export price, however, showed a pronounced decline. The export price peaked at $5,368 per ton in 2013; however, from 2014 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 Democratic Republic of the Congo ($7,342 per ton), while the average price for exports to Italy ($2,157 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 Madagascar (+3.8%), 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 South Africa
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) imported into South Africa reduced dramatically to 18K tons, falling by -15.3% against the previous year's figure. Over the period under review, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, imports attained the peak of 21K tons, and then declined rapidly in the following year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) dropped to $41M in 2022. Overall, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +3.3% 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 +43.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports reached the peak of $45M, and then declined in the following year.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.4 | 12.9 | 24.4 | 19.2 | -0.3% |
| Germany | 3.9 | 3.5 | 4.2 | 4.6 | 5.7% |
| United Kingdom | 2.4 | 2.1 | 2.9 | 2.7 | 4.0% |
| France | 2.5 | 1.6 | 1.6 | 2.0 | -7.2% |
| Hong Kong SAR | 0.2 | 0.5 | N/A | 1.3 | 86.6% |
| Bahrain | 0.1 | 0.2 | 2.0 | 1.1 | 122.4% |
| Czech Republic | 0.6 | 0.3 | 0.6 | 0.7 | 5.3% |
| Turkey | 0.3 | 0.7 | 0.6 | 0.6 | 26.0% |
| Others | 7.4 | 6.5 | 8.9 | 8.4 | 4.3% |
| Total | 36.7 | 28.2 | 45.2 | 40.5 | 3.3% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to South Africa in 2022:
- China (11.9K tons)
- Hong Kong SAR (1.2K tons)
- United Kingdom (1.1K tons)
- Bahrain (0.6K tons)
- Germany (0.6K tons)
- Turkey (0.3K tons)
- Czech Republic (0.3K tons)
- France (0.3K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) exported from South Africa fell slightly to 1.9K tons, which is down by -4.5% compared with 2021 figures. Over the period under review, exports recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 4.5%. As a result, the exports reached the peak of 2K tons, and then contracted in the following year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) soared to $7.1M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 64.7 | 20.3 | 16.1 | 832 | 134.3% |
| Zambia | 903 | 525 | 454 | 603 | -12.6% |
| Zimbabwe | 373 | 316 | 544 | 569 | 15.1% |
| Namibia | 546 | 229 | 331 | 560 | 0.8% |
| Democratic Republic of the Congo | 385 | 641 | 324 | 551 | 12.7% |
| Mozambique | 682 | 673 | 486 | 486 | -10.7% |
| Botswana | 528 | 422 | 395 | 404 | -8.5% |
| Poland | 197 | 225 | 286 | 395 | 26.1% |
| Australia | 339 | 370 | 559 | 386 | 4.4% |
| Nigeria | 11.1 | 99.9 | 50.2 | 272 | 190.5% |
| United Kingdom | 218 | 137 | 229 | 209 | -1.4% |
| Italy | 49.5 | 37.5 | 63.0 | 150 | 44.7% |
| Swaziland | 281 | 262 | 149 | 71.5 | -36.6% |
| Others | 1,764 | 1,896 | 2,184 | 1,578 | -3.6% |
| Total | 6,341 | 5,853 | 6,070 | 7,068 | 3.7% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from South Africa in 2022:
- Madagascar (202.9 tons)
- Zimbabwe (186.7 tons)
- Botswana (176.7 tons)
- Poland (168.9 tons)
- Namibia (163.1 tons)
- Australia (143.5 tons)
- Zambia (122.6 tons)
- Mozambique (113.5 tons)
- Nigeria (89.1 tons)
- Democratic Republic of the Congo (75.1 tons)
- Italy (69.6 tons)
- United Kingdom (63.2 tons)
- Swaziland (14.5 tons)
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