Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia - 2024
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia (FOB) - 2024
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia (CIF) - 2024
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia (FOB) - 2024
In January 2024, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,093 per ton, which is down by -10.3% against the previous month. Over the period under review, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 6.5% month-to-month. As a result, the export price reached the peak level of $1,501 per ton. From July 2023 to January 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was New Zealand ($1,620 per ton), while the average price for exports to Germany ($858 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-0.3%), while the prices for the other major destinations experienced a decline.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia (CIF) - 2024
In January 2024, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,568 per ton, rising by 460% against the previous month. Over the period under review, the import price, however, saw a mild contraction. The import price peaked at $2,398 per ton in June 2023; however, from July 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($4,150 per ton), while the price for China ($1,034 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced a decline.
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia
In 2022, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Malaysia expanded remarkably to 479K tons, increasing by 7.6% on the previous year's figure. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% 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 +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) rose significantly to $619M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +47.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 73.8 | 64.5 | 73.2 | 132 | 21.4% |
| China | 77.4 | 71.9 | 54.1 | 61.4 | -7.4% |
| Australia | 6.5 | 9.5 | 17.7 | 56.4 | 105.5% |
| South Korea | 55.7 | 43.4 | 49.2 | 54.5 | -0.7% |
| Germany | 21.6 | 33.3 | 75.8 | 43.9 | 26.7% |
| Italy | 9.5 | 11.9 | 29.6 | 34.3 | 53.4% |
| Netherlands | 30.3 | 27.1 | 37.6 | 27.2 | -3.5% |
| Japan | 40.0 | 35.3 | 30.6 | 26.8 | -12.5% |
| India | 20.6 | 22.5 | 25.1 | 24.6 | 6.1% |
| Thailand | 18.7 | 15.0 | 21.5 | 20.4 | 2.9% |
| Belgium | 12.8 | 10.7 | 19.1 | 18.8 | 13.7% |
| New Zealand | 1.1 | 1.4 | 7.7 | 17.0 | 149.1% |
| Taiwan (Chinese) | 13.7 | 18.1 | 19.2 | 12.8 | -2.2% |
| Others | 70.2 | 54.9 | 78.5 | 88.7 | 8.1% |
| Total | 452 | 420 | 539 | 619 | 11.0% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Malaysia in 2022:
- United States (104.0K tons)
- China (44.9K tons)
- Australia (43.4K tons)
- South Korea (39.4K tons)
- Germany (39.3K tons)
- Italy (29.3K tons)
- Japan (27.1K tons)
- Netherlands (22.6K tons)
- India (21.9K tons)
- Thailand (18.0K tons)
- Belgium (15.5K tons)
- New Zealand (12.3K tons)
- Taiwan (Chinese) (11.8K tons)
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia
In 2022, after two years of decline, there was significant growth in supplies from abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), when their volume increased by 26% to 55K tons. Over the period under review, imports, however, saw a mild shrinkage.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) dropped to $102M in 2022. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 9.4% against the previous year.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.9 | 47.6 | 58.6 | 55.3 | 1.5% |
| Japan | 4.0 | 4.5 | 4.9 | 4.3 | 2.4% |
| South Korea | 4.5 | 4.8 | 5.2 | 4.3 | -1.5% |
| Thailand | 1.4 | 1.9 | 1.6 | 1.9 | 10.7% |
| Others | 57.9 | 38.2 | 35.8 | 36.2 | -14.5% |
| Total | 121 | 97.1 | 106 | 102 | -5.5% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Malaysia in 2022:
- China (48.0K tons)
- South Korea (2.1K tons)
- Japan (1.3K tons)
- Thailand (0.9K tons)
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