U.S.: Glass Fiber Market 2023

Glass Fiber Market Size in the U.S.

The U.S. glass fiber market surged to $X in 2021, with an increase of 22% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Glass Fiber Production in the U.S.

In value terms, glass fiber production rose slightly to $X in 2021. Over the period under review, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 11%. Glass fiber production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Glass Fiber Exports

Exports from the U.S.

In 2021, overseas shipments of voiles, webs, mats and other articles of glass fibers decreased by -0.7% to X tons, falling for the eighth year in a row after two years of growth. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 18%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fiber exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for glass fiber exports from the United States, with a 57% share of total exports. Moreover, glass fiber exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by China (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.6% per year) and China (-4.9% per year).

In value terms, the largest markets for glass fiber exported from the United States were Canada ($X), Mexico ($X) and China ($X), together comprising 71% of total exports.

China, with a CAGR of +9.8%, saw the highest growth rate of 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

In 2021, the average glass fiber export price amounted to $X per ton, jumping by 20% against the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 28%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

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 Australia ($X per ton), while the average price for exports to Canada ($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 Australia (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into the U.S.

After two years of decline, purchases abroad of voiles, webs, mats and other articles of glass fibers increased by 24% to X tons in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 26%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fiber imports soared to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), China (X tons) and Mexico (X tons) were the main suppliers of glass fiber imports to the United States, together comprising 73% of total imports. These countries were followed by Germany, India, Egypt, Finland, Italy, the Netherlands and the UK, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +227.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), China ($X) and Mexico ($X) were the largest glass fiber suppliers to the United States, together accounting for 66% of total imports. These countries were followed by Germany, India, Finland, Egypt, the UK, the Netherlands and Italy, which together accounted for a further 22%.

Egypt, with a CAGR of +198.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass fiber import price stood at $X per ton in 2021, rising by 6.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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