Asia: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Asia

The Asian glass fibre fabrics market expanded remarkably to $X in 2022, with an increase of X% against the previous year. The total consumption indicated resilient growth 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. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Glass Fibre Fabrics Production in Asia

In value terms, glass fibre fabrics production dropped to $X in 2022 estimated in export price. In general, production showed resilient growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Glass Fibre Fabrics Exports

Exports in Asia

In 2022, exports of glass fibre fabrics in Asia dropped remarkably to X tons, shrinking by X% compared with the year before. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced 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 dramatically in the following year.

In value terms, glass fibre fabrics exports declined notably to $X in 2022. In general, exports saw a mild slump. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

In 2022, Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Turkey (X tons) and India (X tons) was the main exporter of glass fibre fabrics in Asia, generating X% of total export. China (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%) and South Korea (X%).

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for 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, together accounting for X% of total exports. Turkey, India, South Korea and China lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price recorded a strong expansion. As a result, the export price reached 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 Japan ($X per ton), while India ($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

In 2022, the amount of glass fibre fabrics imported in Asia reduced sharply to X tons, which is down by X% against the previous year's figure. In general, imports saw a slight descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, glass fibre fabrics imports dropped sharply 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 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Turkey (X tons), distantly followed by China (X tons), Japan (X tons), South Korea (X tons), India (X tons) and the United Arab Emirates (X tons) were the major importers of glass fibre fabrics, together committing X% of total imports. Hong Kong SAR (X tons), Saudi Arabia (X tons), Vietnam (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), the United Arab Emirates (X%) and India (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR and South Korea experienced a relatively flat trend pattern. By contrast, Iran (X%), Japan (X%), Malaysia (X%), Taiwan (Chinese) (X%), China (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), India (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glass fibre fabrics importing markets in Asia were China ($X), South Korea ($X) and Japan ($X), with a combined X% share of total imports. Turkey, Hong Kong SAR, India, the United Arab Emirates, Taiwan (Chinese), Malaysia, Vietnam, Saudi Arabia and Iran lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, saw 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

The import price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Hong Kong SAR ($X per ton), while Saudi Arabia ($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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