Thailand - Voiles, Webs, Mats And Other Articles Of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Fiber Price in Thailand - 2023
Contents:
- Glass Fiber Price in Thailand (CIF) - 2023
- Glass Fiber Price in Thailand (FOB) - 2022
- Glass Fiber Imports in Thailand
- Glass Fiber Exports in Thailand
Glass Fiber Price in Thailand (CIF) - 2023
The average glass fiber import price stood at $4,006 per ton in September 2023, declining by -5.3% against the previous month. Over the period under review, the import price showed a noticeable decline. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 23% month-to-month. The import price peaked at $6,225 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($8,938 per ton), while the price for Hong Kong SAR ($1,697 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.5%), while the prices for the other major suppliers experienced a decline.
Glass Fiber Price in Thailand (FOB) - 2022
The average glass fiber export price stood at $2,468 per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum at $3,290 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($3,746 per ton), while the average price for exports to Australia ($1,126 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 Japan (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Glass Fiber Imports in Thailand
In 2022, overseas purchases of voiles, webs, mats and other articles of glass fibers decreased by -14.9% to 18K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26%.
In value terms, glass fiber imports soared to $97M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Glass Fiber in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.1 | 34.5 | 52.0 | 56.7 | 29.5% |
| Taiwan (Chinese) | 2.9 | 5.1 | 6.7 | 6.9 | 33.5% |
| United States | 6.5 | 4.5 | 5.6 | 6.6 | 0.5% |
| Hong Kong SAR | N/A | 0.1 | N/A | 5.8 | 661.6% |
| United Kingdom | 2.8 | 2.0 | 2.2 | 4.2 | 14.5% |
| Japan | 6.5 | 4.4 | 5.3 | 3.7 | -17.1% |
| Turkey | N/A | 1.6 | 3.1 | 1.8 | 6.1% |
| Malaysia | 0.3 | N/A | 0.2 | 1.3 | 63.0% |
| Others | 6.8 | 6.8 | 8.3 | 10.2 | 14.5% |
| Total | 51.9 | 59.0 | 83.3 | 97.1 | 23.2% |
Top Suppliers of Glass Fiber to Thailand in 2022:
- China (13.2K tons)
- Japan (1.3K tons)
- Taiwan (Chinese) (0.9K tons)
- Hong Kong SAR (0.8K tons)
- Malaysia (0.4K tons)
- Turkey (0.3K tons)
- United States (0.3K tons)
- United Kingdom (0.1K tons)
Glass Fiber Exports in Thailand
For the fourth year in a row, Thailand recorded growth in overseas shipments of voiles, webs, mats and other articles of glass fibers, which increased by 5.8% to 27K tons in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, glass fiber exports rose remarkably to $66M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Glass Fiber in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.9 | 2.8 | 7.3 | 6.1 | 28.1% |
| India | 8.0 | 4.6 | 4.2 | 5.8 | -10.2% |
| Pakistan | 4.2 | 4.0 | 5.6 | 4.7 | 3.8% |
| United States | 2.6 | 2.0 | 5.4 | 4.2 | 17.3% |
| Germany | 1.1 | 1.5 | 2.9 | 3.8 | 51.2% |
| Spain | 2.0 | 1.8 | 4.9 | 3.5 | 20.5% |
| Japan | 4.9 | 2.5 | 2.9 | 3.4 | -11.5% |
| Italy | 3.2 | 3.0 | 3.0 | 2.9 | -3.2% |
| Poland | 1.9 | 2.5 | 2.6 | 2.9 | 15.1% |
| Malaysia | 1.5 | 1.8 | 1.9 | 2.0 | 10.1% |
| Lithuania | 0.1 | 0.1 | 1.8 | 1.4 | 141.0% |
| Myanmar | 0.2 | 1.1 | 1.1 | 1.3 | 86.6% |
| Australia | 0.9 | 1.3 | 1.7 | 0.8 | -3.9% |
| Others | 12.0 | 12.8 | 16.4 | 22.8 | 23.9% |
| Total | 45.5 | 41.8 | 61.7 | 65.7 | 13.0% |
Top Export Markets for Glass Fiber from Thailand in 2022:
- United Kingdom (4.0K tons)
- India (3.9K tons)
- Spain (2.3K tons)
- Italy (1.7K tons)
- Poland (1.6K tons)
- Pakistan (1.4K tons)
- United States (1.3K tons)
- Malaysia (1.1K tons)
- Lithuania (1.0K tons)
- Germany (1.0K tons)
- Japan (0.9K tons)
- Australia (0.7K tons)
- Myanmar (0.7K tons)
This report provides an in-depth analysis of the glass fiber market in Thailand. 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 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
-
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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