Global Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size

In 2021, after four years of decline, there was significant growth in the global glass fibre filament market, when its value increased by 9.1% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the global market remained at a lower figure.

Glass Fibre Filament Production

In value terms, glass fibre filament production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 25%. As a result, production reached the peak level of $X. From 2017 to 2021, global production growth failed to regain momentum.

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Glass Fibre Filament Exports

Exports

In 2021, after two years of decline, there was significant growth in overseas shipments of glass fibre filaments, when their volume increased by 24% to X tons. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 25%. The global exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, glass fibre filament exports soared to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of glass fibre filaments in the world, with the volume of exports accounting for X tons, which was approx. 46% of total exports in 2021. It was distantly followed by Egypt (X tons), Mexico (X tons) and the United States (X tons), together making up a 22% share of total exports. The following exporters - the UK (X tons), France (X tons), Slovakia (X tons), Norway (X tons), Italy (X tons) and Belgium (X tons) - together made up 19% of total exports.

From 2012 to 2021, average annual rates of growth with regard to glass fibre filament exports from China stood at +2.5%. At the same time, Egypt (+23.2%), the United States (+4.6%), Mexico (+4.3%), Norway (+3.8%), Italy (+2.6%) and the UK (+1.6%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.2% from 2012-2021. Slovakia and France experienced a relatively flat trend pattern. By contrast, Belgium (-1.5%) illustrated a downward trend over the same period. While the share of Egypt (+8.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of France (-2 p.p.) and China (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre filament supplier worldwide, comprising 40% of global exports. The second position in the ranking was taken by Egypt ($X), with a 9% share of global exports. It was followed by Mexico, with an 8.3% share.

In China, glass fibre filament exports expanded at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (+27.9% per year) and Mexico (+7.8% per year).

Export Prices by Country

The average glass fibre filament export price stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The global export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.8%), while the other global leaders experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports

In 2021, supplies from abroad of glass fibre filaments was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre filament imports soared to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by Turkey (X tons), Germany (X tons) and Belgium (X tons) were the largest importers of glass fibre filaments, together committing 33% of total imports. South Korea (X tons), Saudi Arabia (X tons), Russia (X tons), Spain (X tons), Italy (X tons), India (X tons), Mexico (X tons), France (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glass fibre filament imports into the United States stood at +1.3%. At the same time, Turkey (+17.7%), Russia (+15.7%), India (+11.9%), the United Arab Emirates (+9.1%), Mexico (+7.8%), South Korea (+5.4%), Spain (+4.6%), France (+4.4%), Italy (+4.2%), Saudi Arabia (+4.0%) and Belgium (+2.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the world, with a CAGR of +17.7% from 2012-2021. By contrast, Germany (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Russia increased by +4.5 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported glass fibre filaments worldwide, comprising 15% of global imports. The second position in the ranking was held by Germany ($X), with a 6.7% share of global imports. It was followed by Turkey, with a 5.9% share.

In the United States, glass fibre filament imports expanded at an average annual rate of +1.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-1.8% per year) and Turkey (+17.9% per year).

Import Prices by Country

In 2021, the average glass fibre filament import price amounted to $X per ton, jumping by 25% against the previous year. Over the period under review, 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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