India - Glass Fibre Chopped Strands - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Fibre Chopped Strand in India - 2023
Contents:
- Price for Glass Fibre Chopped Strand in India (CIF) - 2023
- Price for Glass Fibre Chopped Strand in India (FOB) - 2022
- Imports of Glass Fibre Chopped Strand in India
- Exports of Glass Fibre Chopped Strand in India
Price for Glass Fibre Chopped Strand in India (CIF) - 2023
In July 2023, the average glass fibre chopped strand import price amounted to $1,022 per ton, growing by 3.5% against the previous month. Over the period under review, the import price, however, recorded a perceptible decline. The import price peaked at $1,416 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($2,623 per ton), while the price for South Korea ($859 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Glass Fibre Chopped Strand in India (FOB) - 2022
The average glass fibre chopped strand export price stood at $2,288 per ton in 2022, jumping by 32% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 47% against the previous year. As a result, the export price reached the peak level of $2,417 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($13,747 per ton), while the average price for exports to South Korea ($1,044 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 (+251.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibre Chopped Strand in India
In 2022, the amount of glass fibre chopped strands imported into India rose remarkably to 54K tons, growing by 14% against the year before. The total import volume increased at an average annual rate of +9.9% 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 2021 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, glass fibre chopped strand imports surged to $73M in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Glass Fibre Chopped Strand in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 11.9 | 22.1 | 41.5 | 39.2% |
| Malaysia | 20.4 | 20.7 | 23.9 | 25.0 | 7.0% |
| South Korea | 1.2 | 1.3 | 2.0 | 2.2 | 22.4% |
| Belgium | 1.6 | 1.3 | 1.1 | 0.5 | -32.1% |
| Egypt | 1.7 | 0.5 | 1.3 | N/A | -12.6% |
| Others | 2.4 | 2.8 | 3.8 | 3.6 | 14.5% |
| Total | 42.7 | 38.5 | 54.2 | 72.8 | 19.5% |
Top Suppliers of Glass Fibre Chopped Strand to India in 2022:
- Egypt (undefinedK tons)
- China (32.0K tons)
- Malaysia (18.2K tons)
- South Korea (1.3K tons)
- Belgium (0.3K tons)
Exports of Glass Fibre Chopped Strand in India
In 2022, after three years of growth, there was significant decline in shipments abroad of glass fibre chopped strands, when their volume decreased by -21% to 216 tons. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% 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 +37.3% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 58% against the previous year. As a result, the exports attained the peak of 274 tons, and then dropped markedly in the following year.
In value terms, glass fibre chopped strand exports expanded slightly to $495K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +57.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Glass Fibre Chopped Strand in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 138 | 55.6 | 87.5 | 108 | -7.8% |
| Bhutan | 81.4 | 69.3 | 43.9 | 75.3 | -2.6% |
| Nepal | 33.1 | 14.2 | 6.9 | 56.6 | 19.6% |
| Belgium | N/A | N/A | N/A | 50.1 | 0% |
| United States | 1.4 | 4.2 | 46.4 | 35.3 | 193.2% |
| United Arab Emirates | 0.5 | 30.7 | 4.2 | 30.0 | 291.5% |
| South Korea | N/A | 18.9 | 163 | 14.6 | -12.1% |
| Japan | N/A | 65.1 | N/A | 4.1 | -74.9% |
| Brazil | N/A | N/A | 50.1 | N/A | 0% |
| Others | 127 | 57.3 | 73.5 | 121 | -1.6% |
| Total | 381 | 315 | 475 | 495 | 9.1% |
Top Export Markets for Glass Fibre Chopped Strand from India in 2022:
- Thailand (45.3 tons)
- Belgium (34.4 tons)
- Nepal (33.8 tons)
- United States (24.0 tons)
- Bhutan (21.4 tons)
- United Arab Emirates (14.7 tons)
- South Korea (14.0 tons)
- Japan (0.3 tons)
This report provides an in-depth analysis of the market for glass fibre chopped strand in India. 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)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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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