Asia-Pacific: Glass Fiber Market 2024

Glass Fiber Market Size in Asia-Pacific

The Asia-Pacific glass fiber market expanded modestly to $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Glass Fiber Production in Asia-Pacific

In value terms, glass fiber production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Glass Fiber Exports

Exports in Asia-Pacific

In 2022, approx. X tons of voiles, webs, mats and other articles of glass fibers were exported in Asia-Pacific; waning by X% compared with the previous year's figure. Overall, exports recorded a slight setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, glass fiber exports dropped dramatically to $X in 2022. The total export value 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%) and Taiwan (Chinese) (X%). India (X tons), South Korea (X tons) and Australia (X tons) held a little share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Australia (X%), Malaysia (X%) and India (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fiber supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, glass fiber 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 India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Glass Fiber Imports

Imports in Asia-Pacific

In 2022, the amount of voiles, webs, mats and other articles of glass fibers imported in Asia-Pacific dropped to X tons, which is down by X% against 2021. The total import volume 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 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, glass fiber imports declined modestly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value 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 increased by X% against 2012 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

The countries with the highest levels of glass fiber imports in 2022 were India (X tons), Australia (X tons), Japan (X tons), South Korea (X tons), Vietnam (X tons) and China (X tons), together resulting at X% of total import. Thailand (X tons) ranks next in terms of the total imports with a X% share, followed by Indonesia (X%).

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

In value terms, China ($X) constitutes the largest market for imported voiles, webs, mats and other articles of glass fibers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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