South Africa: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in South Africa

The South African glass fibre mat market fell sharply to $X in 2022, with a decrease of -25.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Glass Fibre Mat Exports

Exports from South Africa

In 2022, overseas shipments of glass fibre mats increased by 4.7% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 86% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass fibre mat exports dropped modestly to $X in 2022. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 56%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for glass fibre mat exports from South Africa, with a 44% share of total exports. Moreover, glass fibre mat exports to Zimbabwe exceeded the volume sent to the second major destination, Botswana (X tons), threefold. Democratic Republic of the Congo (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+18.6% per year) and Democratic Republic of the Congo (+15.7% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for glass fibre mats exports from South Africa, comprising 47% of total exports. The second position in the ranking was taken by Botswana ($X), with a 13% share of total exports. It was followed by Democratic Republic of the Congo, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Zimbabwe amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+14.8% per year) and Democratic Republic of the Congo (+8.1% per year).

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, reducing by -4.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Madagascar ($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 Turkey (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into South Africa

Glass fibre mat imports into South Africa shrank remarkably to X tons in 2022, waning by -19% on the year before. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 68%. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, glass fibre mat imports contracted significantly to $X in 2022. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 131%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of glass fibre mat to South Africa, with a 93% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.6%.

In value terms, China ($X) constituted the largest supplier of glass fibre mats to South Africa, comprising 75% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.8%.

Import Prices by Country

In 2022, the average glass fibre mat import price amounted to $X per ton, dropping by -11.6% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :