China - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Fibre and Article in China - 2023
Contents:
- Price for Glass Fibre and Article in China (FOB) - 2022
- Price for Glass Fibre and Article in China (CIF) - 2022
- Exports of Glass Fibre and Article in China
- Imports of Glass Fibre and Article in China
Price for Glass Fibre and Article in China (FOB) - 2022
The average glass fibre and article export price stood at $1,660 per ton in 2022, dropping by -10% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 22%. As a result, the export price reached the peak level of $2,009 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($1,852 per ton), while the average price for exports to Saudi Arabia ($1,131 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 Turkey (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Fibre and Article in China (CIF) - 2022
The average glass fibre and article import price stood at $6,721 per ton in 2022, growing by 16% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre and article import price increased by +80.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 23%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($14,466 per ton), while the price for Egypt ($527 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Fibre and Article in China
In 2022, approx. 1.4M tons of glass fibres and glass fibre articles were exported from China; waning by -18.2% compared with 2021 figures. Overall, exports saw a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of 1.7M tons, and then contracted rapidly in the following year.
In value terms, glass fibre and article exports declined significantly to $2.3B in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of $3.1B, and then fell significantly in the following year.
| Export of Glass Fibre and Article in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 296 | 245 | 331 | 338 | 4.5% |
| South Korea | 193 | 211 | 292 | 218 | 4.1% |
| India | 162 | 138 | 203 | 198 | 6.9% |
| Japan | 161 | 143 | 165 | 102 | -14.1% |
| Turkey | 67.8 | 87.0 | 160 | 96.8 | 12.6% |
| Thailand | 80.8 | 80.7 | 117 | 84.3 | 1.4% |
| Germany | 66.0 | 53.7 | 82.4 | 67.5 | 0.8% |
| Mexico | 41.4 | 32.7 | 68.8 | 65.5 | 16.5% |
| Canada | 50.1 | 40.6 | 62.2 | 54.0 | 2.5% |
| Brazil | 35.4 | 35.9 | 68.9 | 52.7 | 14.2% |
| United Arab Emirates | 68.2 | 46.7 | 72.4 | 52.5 | -8.4% |
| Russia | 60.9 | 55.2 | 112 | 51.1 | -5.7% |
| Saudi Arabia | 52.2 | 41.2 | 64.6 | 43.9 | -5.6% |
| Others | 1,045 | 978 | 1,347 | 892 | -5.1% |
| Total | 2,380 | 2,189 | 3,146 | 2,317 | -0.9% |
Top Export Markets for Glass Fibre and Article from China in 2022:
- United States (219.2K tons)
- South Korea (143.6K tons)
- India (142.8K tons)
- Japan (63.0K tons)
- Turkey (52.3K tons)
- Thailand (47.3K tons)
- Mexico (44.6K tons)
- Brazil (40.5K tons)
- Canada (39.4K tons)
- Saudi Arabia (38.8K tons)
- United Arab Emirates (37.5K tons)
- Germany (37.2K tons)
- Russia (36.9K tons)
Imports of Glass Fibre and Article in China
In 2022, purchases abroad of glass fibres and glass fibre articles decreased by -24.4% to 140K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of 191K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, glass fibre and article imports contracted to $943M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $1.1B, and then shrank in the following year.
| Import of Glass Fibre and Article in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 243 | 276 | 311 | 236 | -1.0% |
| Japan | 195 | 202 | 198 | 192 | -0.5% |
| United States | 130 | 122 | 168 | 155 | 6.0% |
| Malaysia | 71.9 | 70.4 | 58.3 | 58.4 | -6.7% |
| South Korea | 37.8 | 45.2 | 73.9 | 46.1 | 6.8% |
| Germany | 46.3 | 45.3 | 44.0 | 40.7 | -4.2% |
| Thailand | 16.4 | 21.3 | 25.8 | 31.2 | 23.9% |
| Belgium | 18.0 | 15.0 | 9.3 | 10.8 | -15.7% |
| India | 7.3 | 4.9 | 2.2 | 2.7 | -28.2% |
| Egypt | 3.1 | 6.5 | 4.6 | 2.5 | -6.9% |
| Others | 151 | 149 | 183 | 169 | 3.8% |
| Total | 920 | 957 | 1,078 | 943 | 0.8% |
Top Suppliers of Glass Fibre and Article to China in 2022:
- Taiwan (Chinese) (47.0K tons)
- Malaysia (32.7K tons)
- Japan (13.3K tons)
- United States (11.4K tons)
- Thailand (6.6K tons)
- Egypt (4.7K tons)
- Germany (4.6K tons)
- South Korea (4.3K tons)
- Belgium (3.6K tons)
- India (0.4K tons)
This report provides an in-depth analysis of the market for glass fibre and article in China. 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 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)
- Prodcom 23141130 - Glass fibre filaments (including rovings)
- Prodcom 23141150 - Slivers, yarns and chopped strands of filaments of glass fibres (excluding glass fibre threads cut into lengths of at least 3 mm but . .50 mm)
- Prodcom 23141170 - Staple glass fibre articles
- Prodcom 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
- Prodcom 13204600 - Woven fabrics of glass fibre (including narrow fabrics, glass wool)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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This report provides an in-depth analysis of the market for glass fibre and article in China.
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Glass Fiber exports reached a peak in December 2023, with a notable expansion in value to $85M.
212
In March 2023, the rate of growth for Glass Fiber reached its peak with a 34% increase compared to the previous month. The value of glass fiber exports saw a modest rise, reaching $75M in September 2023.
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The price of the Knotted Carpet was $9.4 per square meter (FOB, China) in June 2023, showing a decrease of -11.3% compared to the previous month.
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2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
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