Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan (CIF) - 2023
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan (FOB) - 2023
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan (CIF) - 2023
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,369 per ton in November 2023, reducing by -2.4% against the previous month. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 15% against the previous month. Over the period under review, average import prices attained the peak figure at $2,808 per ton in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($3,364 per ton), while the price for Malaysia ($1,164 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan (FOB) - 2023
In November 2023, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $8,176 per ton, with a decrease of -17.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 26% month-to-month. The export price peaked at $11,140 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($16,653 per ton), while the average price for exports to Saudi Arabia ($2,702 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan
In 2022, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Japan declined slightly to 184K tons, which is down by -2.7% compared with the previous year's figure. In general, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 when imports increased by 9.4%.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) rose to $515M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 182 | 162 | 199 | 215 | 5.7% |
| Taiwan (Chinese) | 88.9 | 86.5 | 98.2 | 88.8 | -0.0% |
| United States | 85.4 | 84.0 | 74.3 | 82.2 | -1.3% |
| South Korea | 35.9 | 32.3 | 35.8 | 30.3 | -5.5% |
| Malaysia | 42.6 | 38.2 | 33.3 | 27.3 | -13.8% |
| Others | 58.1 | 51.6 | 62.8 | 71.4 | 7.1% |
| Total | 493 | 455 | 503 | 515 | 1.5% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Japan in 2022:
- China (98.9K tons)
- Malaysia (29.7K tons)
- Taiwan (Chinese) (25.4K tons)
- South Korea (15.6K tons)
- United States (2.8K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan
Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Japan dropped to 52K tons in 2022, falling by -3.7% compared with the year before. Overall, exports recorded a pronounced contraction. The growth pace was the most rapid in 2021 when exports increased by 8.9% against the previous year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) fell slightly to $421M in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 78.8 | 106 | 131 | 126 | 16.9% |
| Taiwan (Chinese) | 73.0 | 83.5 | 70.0 | 72.7 | -0.1% |
| China | 88.4 | 101 | 76.4 | 69.6 | -7.7% |
| United States | 22.4 | 22.8 | 26.5 | 37.5 | 18.7% |
| Thailand | 22.3 | 21.0 | 26.6 | 19.3 | -4.7% |
| United Kingdom | 13.7 | 11.5 | 14.2 | 8.4 | -15.0% |
| Hong Kong SAR | 8.3 | 17.8 | 13.1 | 8.2 | -0.4% |
| Germany | 6.7 | 3.7 | 5.9 | 7.5 | 3.8% |
| France | 3.9 | 2.6 | 6.7 | 6.1 | 16.1% |
| Indonesia | 5.4 | 4.0 | 5.5 | 4.6 | -5.2% |
| Malaysia | 3.8 | 4.0 | 4.8 | 4.6 | 6.6% |
| Saudi Arabia | 3.0 | 3.0 | 3.2 | 4.2 | 11.9% |
| Belgium | 1.1 | 1.2 | 1.6 | 3.1 | 41.3% |
| Others | 49.1 | 54.9 | 56.4 | 49.1 | 0.0% |
| Total | 380 | 437 | 442 | 421 | 3.5% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Japan in 2022:
- China (10.7K tons)
- United States (8.6K tons)
- Taiwan (Chinese) (7.0K tons)
- South Korea (6.9K tons)
- Thailand (3.5K tons)
- Germany (1.8K tons)
- Saudi Arabia (1.5K tons)
- France (1.2K tons)
- Indonesia (1.0K tons)
- Malaysia (1.0K tons)
- Hong Kong SAR (0.9K tons)
- Belgium (0.8K tons)
- United Kingdom (0.7K tons)
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