Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand - 2024
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand (CIF) - 2024
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand (CIF) - 2024
In January 2024, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,785 per ton, almost unchanged from the previous month. In general, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in October 2023 an increase of 17% m-o-m. As a result, import price attained the peak level of $2,144 per ton. From November 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($4,081 per ton), while the price for Malaysia ($1,239 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+1.2%), 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 Thailand (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $1,804 per ton in 2022, falling by -26.5% against the previous year. Overall, the export price recorded a noticeable decline. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. As a result, the export price attained the peak level of $3,452 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($3,765 per ton), while the average price for exports to India ($1,192 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 (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand
In 2022, after three years of growth, there was significant decline in purchases abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), when their volume decreased by -9.6% to 97K tons. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 21%.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) fell to $233M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of $239M, and then declined modestly in the following year.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 78.1 | 88.7 | 129 | 137 | 20.6% |
| Malaysia | 18.6 | 15.5 | 24.0 | 22.2 | 6.1% |
| Taiwan (Chinese) | 15.3 | 14.3 | 23.3 | 20.6 | 10.4% |
| Japan | 21.7 | 20.3 | 25.9 | 18.6 | -5.0% |
| Hong Kong SAR | 0.1 | 0.1 | 9.6 | 5.8 | 287.1% |
| Others | 21.5 | 21.3 | 27.7 | 28.5 | 9.9% |
| Total | 155 | 160 | 239 | 233 | 14.6% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Thailand in 2022:
- China (65.5K tons)
- Malaysia (15.4K tons)
- Taiwan (Chinese) (6.3K tons)
- Japan (4.5K tons)
- Hong Kong SAR (1.7K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) exported from Thailand skyrocketed to 48K tons, picking up by 65% compared with 2021 figures. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $86M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +84.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.9 | 4.7 | 4.3 | 13.5 | 19.6% |
| China | 1.4 | 1.8 | 4.9 | 13.4 | 112.3% |
| United States | 2.7 | 2.5 | 6.3 | 5.7 | 28.3% |
| Pakistan | 4.7 | 4.1 | 5.8 | 5.0 | 2.1% |
| Japan | 5.1 | 3.0 | 4.2 | 4.7 | -2.7% |
| Australia | 1.1 | 1.3 | 1.7 | 4.5 | 59.9% |
| Spain | 2.0 | 1.9 | 5.5 | 4.4 | 30.1% |
| Germany | 1.2 | 1.5 | 3.3 | 4.2 | 51.8% |
| United Kingdom | 2.8 | 2.8 | 7.8 | 4.1 | 13.6% |
| Italy | 3.1 | 3.1 | 3.1 | 4.0 | 8.9% |
| Poland | 1.8 | 2.5 | 2.7 | 3.9 | 29.4% |
| Lithuania | 0.1 | 0.1 | 1.8 | 2.5 | 192.4% |
| Malaysia | 2.0 | 2.0 | 2.1 | 2.1 | 1.6% |
| Others | 15.3 | 15.4 | 17.5 | 14.1 | -2.7% |
| Total | 51.4 | 46.8 | 71.0 | 86.3 | 18.9% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Thailand in 2022:
- India (11.3K tons)
- China (9.7K tons)
- Australia (3.4K tons)
- Spain (2.7K tons)
- Italy (2.4K tons)
- Poland (2.4K tons)
- United Kingdom (2.4K tons)
- United States (2.0K tons)
- Lithuania (1.8K tons)
- Germany (1.6K tons)
- Pakistan (1.5K tons)
- Japan (1.3K tons)
- Malaysia (1.0K tons)
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