Overview of the Global Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

After two years of growth, the global market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles decreased by X% to $X in 2023. Over the period under review, consumption saw a deep downturn. Global consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles fell to $X in 2023 estimated in export price. Overall, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Global production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports

Global exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles fell to X tons in 2023, waning by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the global exports of failed to regain momentum.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles declined sharply to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked at $X in 2022, and then fell markedly in the following year.

Exports by Country

In 2023, China (X tons) represented the largest exporter of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, mixing up X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Belgium (X tons), France (X tons) and Taiwan (Chinese) (X tons). All these countries together held near X% share of total exports. The Netherlands (X tons), the United States (X tons), Slovakia (X tons), Mexico (X tons), Bahrain (X tons), South Korea (X tons), Norway (X tons) and Egypt (X tons) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to glass fibre filament, roving, and staple glass fibre article exports from China stood at X%. At the same time, Egypt (X%), South Korea (X%), Bahrain (X%), Norway (X%), the Netherlands (X%), Belgium (X%), France (X%), Taiwan (Chinese) (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Slovakia and the United States experienced a relatively flat trend pattern. By contrast, Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Egypt increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Belgium ($X), with a X% share of global exports. It was followed by Malaysia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other global leaders experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports

In 2023, approx. X tons of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were imported worldwide; waning by X% against 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles plummeted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports of reached the maximum at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

The United States (X tons) and Germany (X tons) represented roughly X% of total imports in 2023. India (X tons) ranks next in terms of the total imports with a X% share, followed by South Korea (X%) and Italy (X%). Turkey (X tons), the Netherlands (X tons), Japan (X tons), Belgium (X tons), France (X tons), Mexico (X tons), China (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article importing markets worldwide were Germany ($X), the United States ($X) and Italy ($X), together comprising X% of global imports. South Korea, France, Belgium, India, the Netherlands, Spain, Turkey, China, Mexico and Japan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a mild decline. The growth pace was the most rapid in 2021 an increase of X%. Global import price peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform