Africa: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Africa

The African glass fibre fabrics market expanded rapidly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Fabrics Production in Africa

In value terms, glass fibre fabrics production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Glass Fibre Fabrics Exports

Exports in Africa

In 2022, overseas shipments of glass fibre fabrics decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, glass fibre fabrics exports declined notably to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Morocco represented the largest exporter of glass fibre fabrics in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Egypt (X tons), constituting a X% share of total exports. Tunisia (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Morocco (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Morocco ($X), Egypt ($X) and Tunisia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, dropping by X% against the previous year. In general, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced a decline in the export price figures.

Glass Fibre Fabrics Imports

Imports in Africa

In 2022, the amount of glass fibre fabrics imported in Africa reduced to X tons, which is down by X% compared with 2021 figures. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass fibre fabrics imports contracted to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X tons), distantly followed by South Africa (X tons), Egypt (X tons), Algeria (X tons), Morocco (X tons) and Ghana (X tons) represented the largest importers of glass fibre fabrics, together committing X% of total imports. Kenya (X tons), Ethiopia (X tons), Tanzania (X tons) and Libya (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), South Africa ($X) and Morocco ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Morocco, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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