Japan: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Japan

In 2021, the Japanese glass fibre filament market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Glass Fibre Filament Production in Japan

In value terms, glass fibre filament production soared to $X in 2021 estimated in export price. In general, production, however, saw a slight slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 66% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Glass Fibre Filament Exports

Exports from Japan

In 2021, the amount of glass fibre filaments exported from Japan soared to X tons, growing by 21% on 2020. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 38%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass fibre filament exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for glass fibre filament exports from Japan, accounting for a 37% share of total exports. Moreover, glass fibre filament exports to the United States exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-2.6% per year) and the United Arab Emirates (+0.3% per year).

In value terms, the United States ($X) remains the key foreign market for glass fibre filaments exports from Japan, comprising 31% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Thailand, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+11.2% per year) and Thailand (-8.7% per year).

Export Prices by Country

In 2021, the average glass fibre filament export price amounted to $X per ton, with an increase of 3.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 8.4%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Japan

In 2021, the amount of glass fibre filaments imported into Japan rose markedly to X tons, with an increase of 12% on the year before. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 25%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, glass fibre filament imports soared to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of glass fibre filament to Japan, with a 95% share of total imports. It was followed by South Korea (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-11.2% per year) and France (-21.3% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre filaments to Japan, comprising 93% of total imports. The second position in the ranking was held by South Korea ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-15.2% per year) and France (-27.0% per year).

Import Prices by Country

The average glass fibre filament import price stood at $X per ton in 2021, with an increase of 9.6% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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