Russian Federation: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in the Russian Federation

In 2021, the Russian glass fibre filament market increased by 19% to $X for the first time since 2016, thus ending a four-year declining trend. In general, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Glass Fibre Filament Production in the Russian Federation

In value terms, glass fibre filament production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 37%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

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Glass Fibre Filament Exports

Exports from the Russian Federation

In 2021, approx. X tons of glass fibre filaments were exported from Russia; waning by -6.2% compared with 2020 figures. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +24.5% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 59% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, glass fibre filament exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +45.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Kazakhstan (X tons) and Belgium (X tons) were the main destinations of glass fibre filament exports from Russia, together comprising 62% of total exports. These countries were followed by Finland, Belarus, the Czech Republic, Slovenia, Uzbekistan, Ukraine, Latvia and Poland, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +31.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Germany ($X) and Belgium ($X) were the largest markets for glass fibre filament exported from Russia worldwide, together comprising 66% of total exports. These countries were followed by Belarus, Finland, Slovenia, Uzbekistan, Latvia, Ukraine, the Czech Republic and Poland, which together accounted for a further 27%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +35.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average glass fibre filament export price amounted to $X per ton, with an increase of 23% against the previous year. Overall, the export price, however, saw a slight slump. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to the Czech Republic ($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 Czech Republic (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into the Russian Federation

In 2021, approx. X tons of glass fibre filaments were imported into Russia; increasing by 85% against the previous year. Over the period under review, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre filament imports surged to $X in 2021. Overall, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glass fibre filament to Russia, with a 80% share of total imports. Moreover, glass fibre filament imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), tenfold. The United States (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+41.6% per year) and the United States (+1.2% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre filaments to Russia, comprising 80% of total imports. The second position in the ranking was held by Egypt ($X), with a 7.4% share of total imports. It was followed by the United States, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+61.6% per year) and the United States (+2.1% per year).

Import Prices by Country

In 2021, the average glass fibre filament import price amounted to $X per ton, jumping by 60% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Belarus ($X per ton), while the price for France ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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