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Australia and Oceania - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia and Oceania: Market for Glass Fibres And Glass Wool 2024
Market Size for Glass Fibres And Glass Wool in Australia and Oceania
In 2022, the glass fibres and wool market in Australia and Oceania was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.
Production of Glass Fibres And Glass Wool in Australia and Oceania
In value terms, glass fibres and wool production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2015 with an increase of 112% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.
Exports of Glass Fibres And Glass Wool
Exports in Australia and Oceania
In 2022, overseas shipments of glass fibres and glass wool increased by 62% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 99% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.
In value terms, glass fibres and wool exports surged to $X in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 80%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.
Exports by Country
In 2022, Australia (X tons) represented the main exporter of glass fibres and glass wool, making up 75% of total exports. It was distantly followed by New Zealand (X tons), generating a 25% share of total exports.
Australia was also the fastest-growing in terms of the glass fibres and glass wool exports, with a CAGR of +35.4% from 2012 to 2022. At the same time, New Zealand (+11.5%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by +45 percentage points.
In value terms, New Zealand ($X) and Australia ($X) appeared to be the countries with the highest levels of exports in 2022.
In terms of the main exporting countries, New Zealand, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.
Export Prices by Country
In 2022, the export price in Australia and Oceania amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the export price increased by 21%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.8%).
Imports of Glass Fibres And Glass Wool
Imports in Australia and Oceania
In 2022, imports of glass fibres and glass wool in Australia and Oceania skyrocketed to X tons, with an increase of 52% against 2021. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, glass fibres and wool imports surged to $X in 2022. In general, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
Australia prevails in imports structure, recording X tons, which was near 92% of total imports in 2022. It was distantly followed by New Zealand (X tons), committing a 5.4% share of total imports.
Australia was also the fastest-growing in terms of the glass fibres and glass wool imports, with a CAGR of +10.4% from 2012 to 2022. At the same time, New Zealand (+1.1%) displayed positive paces of growth. While the share of Australia (+9.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-6.3 p.p.) displayed negative dynamics.
In value terms, Australia ($X) constitutes the largest market for imported glass fibres and glass wool in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports.
From 2012 to 2022, the average annual growth rate of value in Australia totaled +8.4%.
Import Prices by Country
In 2022, the import price in Australia and Oceania amounted to $X per ton, waning by -4.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 17% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.2%).
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for glass fibres and wool in Australia and Oceania. 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:
- American Samoa
- Australia
- Cook Islands
- Fiji
- French Polynesia
- Guam
- Kiribati
- Marshall Islands
- Micronesia
- Nauru
- New Caledonia
- New Zealand
- Niue
- Northern Mariana Islands
- Palau
- Papua New Guinea
- Samoa
- Solomon Islands
- Tokelau
- Tonga
- Tuvalu
- Vanuatu
- Wallis and Futuna Islands
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Australia and Oceania, split by region and country
- Trade (exports and imports) in Australia and Oceania
- 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- Australia
- Cook Islands
- Fiji
- French Polynesia
- Kiribati
- Marshall Islands
- Micronesia
- New Caledonia
- New Zealand
- Northern Mariana Islands
- Palau
- Papua New Guinea
- Samoa
- Solomon Islands
- Tokelau
- Tonga
- Tuvalu
- Vanuatu
- Wallis and Futuna Islands
- American Samoa
- Nauru
- Niue
- Guam
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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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