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Singapore - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSingapore: Glass Fibre Filament Market 2024
Glass Fibre Filament Market Size in Singapore
In 2021, after four years of decline, there was growth in the Singaporean glass fibre filament market, when its value increased by 0.3% to $X. Overall, consumption, however, recorded a slight contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.
Glass Fibre Filament Production in Singapore
In value terms, glass fibre filament production rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 57%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.
Glass Fibre Filament Exports
Exports from Singapore
In 2021, shipments abroad of glass fibre filaments decreased by -21.7% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2018 when exports increased by 55% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, glass fibre filament exports soared to $X in 2021. In general, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 96% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
Indonesia (X tons) was the main destination for glass fibre filament exports from Singapore, with a 62% share of total exports. Moreover, glass fibre filament exports to Indonesia exceeded the volume sent to the second major destination, Maldives (X tons), fourfold. The third position in this ranking was taken by Bangladesh (X tons), with a 14% share.
From 2012 to 2021, the average annual growth rate of volume to Indonesia amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-10.0% per year) and Bangladesh (+23.3% per year).
In value terms, Indonesia ($X) remains the key foreign market for glass fibre filaments exports from Singapore, comprising 58% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 13% share of total exports. It was followed by Maldives, with a 6.3% share.
From 2012 to 2021, the average annual growth rate of value to Indonesia totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+21.2% per year) and Maldives (-9.2% per year).
Export Prices by Country
The average glass fibre filament export price stood at $X per ton in 2021, rising by 138% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Fibre Filament Imports
Imports into Singapore
In 2021, purchases abroad of glass fibre filaments decreased by -50.8% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a dramatic slump. The pace of growth appeared the most rapid in 2019 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
In value terms, glass fibre filament imports fell sharply to $X in 2021. Over the period under review, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 56% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X tons) was the main supplier of glass fibre filament to Singapore, with a 92% share of total imports. Moreover, glass fibre filament imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was taken by Malaysia (X tons), with a 0.4% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.5% per year) and Malaysia (-40.9% per year).
In value terms, China ($X) constituted the largest supplier of glass fibre filaments to Singapore, comprising 82% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by the United States, with a 1.2% share.
From 2012 to 2021, the average annual growth rate of value from China amounted to -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.1% per year) and the United States (-23.0% per year).
Import Prices by Country
In 2021, the average glass fibre filament import price amounted to $X per ton, growing by 30% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the glass fibre filament market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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