South-Eastern Asia: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in South-Eastern Asia

In 2022, the Southeast Asian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in South-Eastern Asia

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when their volume decreased by X% to X tons. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose slightly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Malaysia prevails in articles structure, resulting at X tons, which was approx. X% of total exports in 2022. Thailand (X tons) took a little share of total exports.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia amounted to X%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia stood at $X per ton.

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

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports in South-Eastern Asia

In 2022, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in South-Eastern Asia expanded modestly to X tons, increasing by X% against the previous year. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose markedly to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Thailand (X tons) was the key importer of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, mixing up X% of total imports. Malaysia (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons) and Vietnam (X tons). All these countries together took approx. X% share of total imports. Singapore (X tons), Myanmar (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Vietnam ($X), together comprising X% of total imports. Indonesia, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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