Report Update: May 1, 2024

United Arab Emirates - Glass Fibre Chopped Strands - Market Analysis, Forecast, Size, Trends and Insights

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Price for Glass Fibre Chopped Strand in the United Arab Emirates - 2021

Price for Glass Fibre Chopped Strand in the United Arab Emirates (CIF) - 2022

In 2022, the average glass fibre chopped strand import price amounted to $1,836 per ton, jumping by 26% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2017 an increase of 30%. The import price peaked at $2,480 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($3,378 per ton), while the price for the Netherlands ($1,295 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 (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Glass Fibre Chopped Strand in the United Arab Emirates (FOB) - 2022

In 2022, the average glass fibre chopped strand export price amounted to $3,145 per ton, with an increase of 102% against the previous year. Overall, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 173%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($13,981 per ton), while the average price for exports to Iran ($1,279 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 Sudan (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Chopped Strand in the United Arab Emirates

Glass fibre chopped strand imports into the United Arab Emirates fell modestly to 4.1K tons in 2022, shrinking by -4.4% on the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. As a result, imports reached the peak of 4.3K tons, and then fell in the following year.

In value terms, glass fibre chopped strand imports skyrocketed to $7.6M in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 103% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Import of Glass Fibre Chopped Strand in the United Arab Emirates (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,199	1,740	3,703	6,191	72.8%
Slovakia	706	306	649	1,032	13.5%
South Korea	184	66.6	723	63.0	-30.0%
France	479	89.8	58.8	59.0	-50.2%
Taiwan (Chinese)	139	269	173	N/A	11.6%
Others	1,736	634	986	237	-48.5%
Total	4,443	3,106	6,293	7,581	19.5%

Top Suppliers of Glass Fibre Chopped Strand to the United Arab Emirates in 2022:

China (3343.4 tons)
Slovakia (649.3 tons)
France (44.0 tons)
South Korea (18.7 tons)

Exports of Glass Fibre Chopped Strand in the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded growth in overseas shipments of glass fibre chopped strands, which increased by 3.5% to 1.1K tons in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 196% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, glass fibre chopped strand exports soared to $3.5M in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 136% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Glass Fibre Chopped Strand in the United Arab Emirates (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ethiopia	14.2	N/A	N/A	534	235.0%
Mauritania	N/A	N/A	N/A	456	0%
Maldives	N/A	N/A	N/A	390	0%
Oman	345	215	213	322	-2.3%
Saudi Arabia	N/A	N/A	N/A	312	0%
Bahrain	N/A	N/A	N/A	305	0%
Iran	56.5	440	1,440	159	41.2%
Qatar	N/A	N/A	N/A	116	0%
Afghanistan	57.1	N/A	N/A	86.4	14.8%
Iraq	N/A	N/A	N/A	62.4	0%
Sudan	N/A	N/A	N/A	59.4	0%
Comoros	0.8	N/A	0.1	53.3	305.4%
Senegal	N/A	N/A	N/A	52.2	0%
Others	240	60.3	39.6	637	38.5%
Total	714	716	1,693	3,544	70.6%

Top Export Markets for Glass Fibre Chopped Strand from the United Arab Emirates in 2022:

Mauritania (205.8 tons)
Ethiopia (205.4 tons)
Oman (143.2 tons)
Iran (124.2 tons)
Maldives (80.0 tons)
Afghanistan (60.9 tons)
Qatar (31.5 tons)
Sudan (26.5 tons)
Comoros (24.5 tons)
Senegal (24.2 tons)
Saudi Arabia (23.5 tons)
Bahrain (21.8 tons)
Iraq (19.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for glass fibre chopped strand in the United Arab Emirates. 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:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023