Report Update Apr 1, 2024

Pakistan - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Pakistan: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Pakistan

In 2022, the Pakistani glass fibres and wool market decreased by -56.1% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption, however, saw a buoyant expansion. Glass fibres and wool consumption peaked at $X in 2021, and then shrank significantly in the following year.

Exports of Glass Fibres And Glass Wool

Exports from Pakistan

Glass fibres and wool exports from Pakistan soared to X tons in 2022, increasing by 51% against the year before. Overall, exports, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 585% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibres and wool exports surged to $X in 2022. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 333%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for glass fibres and wool exports from Pakistan, with a 41% share of total exports. Moreover, glass fibres and wool exports to Bahrain exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by the UK (X kg), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.1% per year) and the UK (+16.1% per year).

In value terms, the largest markets for glass fibres and wool exported from Pakistan were the United States ($X), the UK ($X) and Bahrain ($X), with a combined 64% share of total exports. Ireland, the United Arab Emirates, the Netherlands and Tanzania lagged somewhat behind, together comprising a further 23%.

The Netherlands, with a CAGR of +96,700.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibres and wool export price stood at $X per ton in 2022, picking up by 8.6% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 77%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+446.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Pakistan

After four years of growth, purchases abroad of glass fibres and glass wool decreased by -70.2% to X tons in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, glass fibres and wool imports reduced dramatically to $X in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 65% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main glass fibres and wool supplier to Pakistan, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +33.5%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glass fibres and glass wool to Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +42.1%.

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, rising by 87% against the previous year. Overall, the import price showed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +6.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibres and glass wool in the world?

The United States remains the largest glass fibres and wool consuming country worldwide, comprising approx. 53% of total volume. Moreover, glass fibres and wool consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. India ranked third in terms of total consumption with a 4.8% share.

What are the largest producers of glass fibres and glass wool in the world?

The country with the largest volume of glass fibres and wool production was the United States, accounting for 52% of total volume. Moreover, glass fibres and wool production in the United States exceeded the figures recorded by the second-largest producer, China, fourfold. India ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of glass fibres and glass wool to Pakistan?

In value terms, the United Arab Emirates constituted the largest supplier of glass fibres and glass wool to Pakistan.

What are the leading importers of glass fibres and glass wool from Pakistan?

In value terms, the largest markets for glass fibres and wool exported from Pakistan were the United States, the UK and Bahrain, with a combined 64% share of total exports. Ireland, the United Arab Emirates, the Netherlands and Tanzania lagged somewhat behind, together comprising a further 23%.

What is the average export price for glass fibres and glass wool in Pakistan?

In 2022, the average glass fibres and wool export price amounted to $4,075 per ton, growing by 8.6% against the previous year.

What is the average import price for glass fibres and glass wool in Pakistan?

In 2022, the average glass fibres and wool import price amounted to $4,228 per ton, growing by 87% against the previous year.

This report provides an in-depth analysis of the market for glass fibres and wool in Pakistan. 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 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023