Asia: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Asia

The Asian glass fibre and article market totaled $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; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Glass Fibres and Glass Fibre Articles in Asia

In value terms, glass fibre and article production dropped modestly 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; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports in Asia

In 2022, glass fibre and article exports in Asia fell to X tons, waning by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 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 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, glass fibre and article exports contracted to $X in 2022. The total export 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 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 declined in the following year.

Exports by Country

China was the main exporter of glass fibres and glass fibre articles in Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Malaysia (X tons), Taiwan (Chinese) (X tons) and Bahrain (X tons), together making up a X% share of total exports. Turkey (X tons), South Korea (X tons) and India (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), India (X%), South Korea (X%), Malaysia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. Bahrain (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre and article supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, glass fibre and article exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Imports of Glass Fibres and Glass Fibre Articles

Imports in Asia

In 2022, glass fibre and article imports in Asia fell to X tons, declining by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, glass fibre and article imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

India (X tons), Turkey (X tons), South Korea (X tons), Japan (X tons) and China (X tons) represented roughly X% of total imports in 2022. Saudi Arabia (X tons) ranks next in terms of the total imports with a X% share, followed by Thailand (X%) and the United Arab Emirates (X%). Vietnam (X tons), Malaysia (X tons), Iran (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Turkey, India, Vietnam, Thailand, the United Arab Emirates, Saudi Arabia, Taiwan (Chinese), Malaysia, Indonesia and Iran lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, India, 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 Asia amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :