Overview of the Global Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

In 2022, the global market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to $X, rising for the second year in a row after four years of decline. 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 somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, global production of attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports

Global exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles dropped to X tons in 2022, with a decrease of X% on the previous year. 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 appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $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 in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the global exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the major exporter of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, committing X% of total exports. It was distantly followed by Malaysia (X tons), Belgium (X tons) and France (X tons), together generating a X% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Mexico (X tons), Bahrain (X tons), the United States (X tons), the Netherlands (X tons), Slovakia (X tons), the UK (X tons), South Korea (X tons) and Norway (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre filament, roving, and staple glass fibre article exports from China stood at X%. At the same time, Bahrain (X%), South Korea (X%), the Netherlands (X%), Malaysia (X%), Norway (X%), Mexico (X%), Belgium (X%), France (X%), Taiwan (Chinese) (X%) and the United States (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Slovakia and the UK experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Bahrain increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of global exports. It was followed by Belgium, with an 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: Malaysia (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The global export price peaked in 2022 and is likely to see steady 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 the United States ($X per ton), while China ($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 global leaders experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports

In 2022, supplies from abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to X tons, rising for the second consecutive year after two years of decline. 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 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose markedly to $X in 2022. The total import value 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 pace of growth was the most pronounced in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) and Germany (X tons) represented the key importers of glass fibre filaments, rovings, chopped strands, and staple glass fibre articlesaround the world, together accounting for approx. X% of total imports. Italy (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and South Korea (X%). The following importers - Turkey (X tons), the Netherlands (X tons), Belgium (X tons), Japan (X tons), China (X tons), Spain (X tons), France (X tons) and Canada (X tons) - together made up X% 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 global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports. India, Belgium, France, South Korea, the Netherlands, Turkey, Spain, China, Canada and Japan lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is likely to see steady 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 France ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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