Eastern Asia: Glass Fiber Market 2024

Glass Fiber Market Size in Eastern Asia

The East Asian glass fiber market rose remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a slight descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Glass Fiber Production in Eastern Asia

In value terms, glass fiber production fell slightly to $X in 2022 estimated in export price. In general, production saw a mild shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 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.

Glass Fiber Exports

Exports in Eastern Asia

In 2022, glass fiber exports in Eastern Asia reduced markedly to X tons, waning by X% against 2021 figures. Overall, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, glass fiber exports fell significantly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. 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 shrank dramatically in the following year.

Exports by Country

China dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a X% share of total exports. South Korea (X tons) and Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the voiles, webs, mats and other articles of glass fibers exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fiber supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing 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.

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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Glass Fiber Imports

Imports in Eastern Asia

In 2022, purchases abroad of voiles, webs, mats and other articles of glass fibers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. 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 growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, glass fiber imports dropped to $X in 2022. Total imports indicated a temperate 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, imports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Japan (X tons), South Korea (X tons) and China (X tons) represented the largest importer of voiles, webs, mats and other articles of glass fibers in Eastern Asia, making up X% of total import. It was distantly followed by Taiwan (Chinese) (X tons), achieving a X% share of total imports. Hong Kong SAR (X tons) held a minor share of total imports.

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

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

In China, glass fiber imports expanded at an average annual rate of X% over the period from 2012-2022. 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

The import price in Eastern Asia stood at $X per ton in 2022, 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 ($X per ton), while Japan ($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

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