Global Glass Fibre Fabrics Market 2023

Glass Fibre Fabrics Market Size

In 2021, after three years of growth, there was decline in the global glass fibre fabrics market, when its value decreased by -1.2% to $X. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.4% against 2013 indices. Over the period under review, the global market hit record highs at $X in 2020, and then dropped slightly in the following year.

Glass Fibre Fabrics Production

In value terms, glass fibre fabrics production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +34.1% against 2017 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 17% against the previous year. Global production peaked at $X in 2020, and then contracted in the following year.

Glass Fibre Fabrics Exports

Exports

In 2021, the amount of glass fibre fabrics exported worldwide surged to X tons, rising by 19% on 2020. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre fabrics exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the main exporter of glass fibre fabrics, creating 36% of total exports. It was distantly followed by the Czech Republic (X tons), mixing up a 12% share of total exports. Germany (X tons), Belarus (X tons), Taiwan (Chinese) (X tons), Belgium (X tons), Latvia (X tons), Hungary (X tons), India (X tons), Russia (X tons), Italy (X tons), France (X tons) and Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glass fibre fabrics exports from China stood at +3.9%. At the same time, Egypt (+93.9%), India (+26.7%), Russia (+13.2%), Hungary (+7.1%), the Czech Republic (+6.8%), Belgium (+5.2%), Latvia (+4.4%) and Belarus (+1.7%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +93.9% from 2012-2021. Italy, Germany, Taiwan (Chinese) and France experienced a relatively flat trend pattern. While the share of the Czech Republic (+3 p.p.), India (+2.2 p.p.) and Egypt (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Taiwan (Chinese) (-1.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre fabrics supplier worldwide, comprising 20% of global exports. The second position in the ranking was held by the Czech Republic ($X), with an 8.7% share of global exports. It was followed by Germany, with an 8.1% share.

In China, glass fibre fabrics exports increased at an average annual rate of +5.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+5.9% per year) and Germany (+1.7% per year).

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2021, rising by 4.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the other global leaders experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports

In 2021, supplies from abroad of glass fibre fabrics was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat 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 fabrics imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of glass fibre fabrics imports in 2021 were Germany (X tons), Turkey (X tons), Mexico (X tons), Italy (X tons), Poland (X tons), China (X tons), Russia (X tons), Japan (X tons), France (X tons), Spain (X tons), the United States (X tons) and Thailand (X tons), together accounting for 56% of total import. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mexico (with a CAGR of +16.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest glass fibre fabrics importing markets worldwide were China ($X), Germany ($X) and South Korea ($X), with a combined 25% share of global imports. These countries were followed by Japan, the United States, Italy, Mexico, France, Turkey, Poland, Thailand, Russia and Spain, which together accounted for a further 36%.

Among the main importing countries, Thailand, with a CAGR of +14.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average glass fibre fabrics import price amounted to $X per ton, with an increase of 4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :