Asia-Pacific: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Asia-Pacific

The Asia-Pacific glass fibre fabrics market rose rapidly to $X in 2022, growing by X% against the previous year. The total consumption indicated a strong increase 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, consumption increased by X% against 2013 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Glass Fibre Fabrics Production in Asia-Pacific

In value terms, glass fibre fabrics production rose to $X in 2022 estimated in export price. The total production indicated a buoyant 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Glass Fibre Fabrics Exports

Exports in Asia-Pacific

Glass fibre fabrics exports fell remarkably to X tons in 2022, dropping by X% against the previous year. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, glass fibre fabrics exports shrank notably to $X in 2022. Over the period under review, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

In 2022, Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and India (X tons) was the key exporter of glass fibre fabrics in Asia-Pacific, constituting X% of total export. China (X tons) ranks next in terms of the total exports with a X% share, followed by Japan (X%) and South Korea (X%). Thailand (X tons) followed a long way behind the leaders.

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

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. India, South Korea, China and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price continues to indicate a buoyant expansion. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Glass Fibre Fabrics Imports

Imports in Asia-Pacific

In 2022, glass fibre fabrics imports in Asia-Pacific declined dramatically to X tons, shrinking by X% against the previous year. In general, imports saw a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, glass fibre fabrics imports declined notably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

The purchases of the four major importers of glass fibre fabrics, namely China, Japan, South Korea and India, represented more than two-thirds of total import. It was distantly followed by Hong Kong SAR (X tons), making up a X% share of total imports. Vietnam (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), Australia (X tons), Indonesia (X tons) and Macao SAR (X tons) followed a long way behind the leaders.

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

In value terms, the largest glass fibre fabrics importing markets in Asia-Pacific were China ($X), South Korea ($X) and Japan ($X), together accounting for X% of total imports. Hong Kong SAR, India, Taiwan (Chinese), Malaysia, Vietnam, Australia, Macao SAR and Indonesia lagged somewhat behind, together accounting for a further X%.

Macao SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising 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.

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

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

Source: IndexBox Platform

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