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ASEAN - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingASEAN: Glass Fibre Filament Market 2024
Glass Fibre Filament Market Size in ASEAN
The ASEAN glass fibre filament market dropped to $X in 2021, falling by -5.1% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.
Glass Fibre Filament Production in ASEAN
In value terms, glass fibre filament production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.
Glass Fibre Filament Exports
Exports in ASEAN
In 2021, after two years of decline, there was significant growth in overseas shipments of glass fibre filaments, when their volume increased by 9.6% to X tons. Over the period under review, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 71%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.
In value terms, glass fibre filament exports surged to $X in 2021. In general, exports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 with an increase of 50%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
The shipments of the one major exporters of glass fibre filaments, namely Malaysia, represented more than two-thirds of total export.
Malaysia was also the fastest-growing in terms of the glass fibre filaments exports, with a CAGR of +29.5% from 2012 to 2021. Malaysia (+82 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Malaysia ($X) also remains the largest glass fibre filament supplier in ASEAN.
In Malaysia, glass fibre filament exports increased at an average annual rate of +24.0% over the period from 2012-2021.
Export Prices by Country
The export price in ASEAN stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -4.3% per year.
Glass Fibre Filament Imports
Imports in ASEAN
In 2021, purchases abroad of glass fibre filaments decreased by -8.8% to X tons, falling for the second year in a row after four years of growth. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.
In value terms, glass fibre filament imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Thailand (X tons) was the key importer of glass fibre filaments, achieving 52% of total imports. Malaysia (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons) and Vietnam (X tons). All these countries together took near 46% share of total imports.
From 2012 to 2021, average annual rates of growth with regard to glass fibre filament imports into Thailand stood at +14.8%. At the same time, Vietnam (+21.5%) and Indonesia (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +21.5% from 2012-2021. By contrast, Malaysia (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Vietnam increased by +29 and +8.7 percentage points, respectively.
In value terms, Thailand ($X) constitutes the largest market for imported glass fibre filaments in ASEAN, comprising 55% of total imports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total imports. It was followed by Vietnam, with a 12% share.
From 2012 to 2021, the average annual growth rate of value in Thailand totaled +11.9%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-8.5% per year) and Vietnam (+18.0% per year).
Import Prices by Country
In 2021, the import price in ASEAN amounted to $X per ton, increasing by 37% against the previous year. Overall, the import price, however, showed a pronounced reduction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Thailand ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the glass fibre filament market in ASEAN. 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 23141130 - Glass fibre filaments (including rovings)
Country coverage:
- Brunei Darussalam
- Cambodia
- Indonesia
- Lao People's Democratic Republic
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ASEAN, split by region and country
- Trade (exports and imports) in ASEAN
- 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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
- Lao People's Democratic Republic
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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