Report Hong Kong SAR, China - Voiles, Webs, Mats and Other Articles of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Oct 31, 2022

Hong Kong SAR, China - Voiles, Webs, Mats and Other Articles of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Glass Fiber Market 2022

Glass Fiber Market Size in Hong Kong SAR, China

In 2021, the Hong Kong glass fiber market decreased by -27.4% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Glass Fiber Production in Hong Kong SAR, China

In value terms, glass fiber production rose modestly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Glass Fiber Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of voiles, webs, mats and other articles of glass fibers increased by 48% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2015 when exports increased by 65% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, glass fiber exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for glass fiber exports from Hong Kong SAR, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -2.4%.

In value terms, China ($X) also remains the key foreign market for glass fiber exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

The average glass fiber export price stood at $X per ton in 2021, rising by 4.6% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass fiber export price increased by +44.5% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 45% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.0% per year.

Glass Fiber Imports

Imports into Hong Kong SAR, China

For the fourth consecutive year, Hong Kong SAR recorded decline in overseas purchases of voiles, webs, mats and other articles of glass fibers, which decreased by -1.9% to X tons in 2021. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 39%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fiber imports expanded rapidly to $X in 2021. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 45%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest glass fiber supplier to Hong Kong SAR, with a 46% share of total imports. Moreover, glass fiber imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.6% per year) and the United States (+1.6% per year).

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest glass fiber suppliers to Hong Kong SAR, with a combined 85% share of total imports.

Japan, with a CAGR of +4.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average glass fiber import price stood at $X per ton in 2021, picking up by 7.3% against the previous year. In general, the import price, however, saw a mild descent. The most prominent rate of growth was recorded in 2019 an increase of 10% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for voiles, webs, mats and other articles of glass fibers in the world?
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The countries with the highest volumes of consumption in 2021 were China, France and India, with a combined 42% share of global consumption.
What are the largest producers of voiles, webs, mats and other articles of glass fibers in the world?
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China remains the largest glass fiber producing country worldwide, accounting for 33% of total volume. Moreover, glass fiber production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was held by France, with a 7.2% share.
What are the leading suppliers of voiles, webs, mats and other articles of glass fibers to Hong Kong SAR, China?
+
In value terms, Japan, China and the United States constituted the largest glass fiber suppliers to Hong Kong SAR, together accounting for 85% of total imports.
What are the leading importers of voiles, webs, mats and other articles of glass fibers from Hong Kong SAR, China?
+
In value terms, China remains the key foreign market for glass fiber exports from Hong Kong SAR.
What is the average export price for voiles, webs, mats and other articles of glass fibers in Hong Kong SAR, China?
+
In 2021, the average glass fiber export price amounted to $10,966 per ton, with an increase of 4.6% against the previous year.
What is the average import price for voiles, webs, mats and other articles of glass fibers in Hong Kong SAR, China?
+
In 2021, the average glass fiber import price amounted to $5,579 per ton, picking up by 7.3% against the previous year.

This report provides an in-depth analysis of the glass fiber market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 23141210 -
• Prodcom 23141230 -
• Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
• Prodcom 23141293 -
• Prodcom 23141295 -
• Prodcom 23141299 -
Country coverage:
• Hong Kong SAR

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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