China - Voiles, Webs, Mats And Other Articles Of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Export of Glass Fiber Experiences 11% Decline, Falling to $1.3B in 2024
China Glass Fiber Exports
Glass fiber exports from China expanded sharply to 579K tons in 2024, picking up by 8.9% against the year before. In general, total exports indicated a notable expansion from 2014 to 2024: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +10.8% against 2022 indices. The pace of growth was the most pronounced in 2017 with an increase of 112% against the previous year. The exports peaked at 598K tons in 2019; however, from 2020 to 2024, the exports stood at a somewhat lower figure.
In value terms, glass fiber exports expanded remarkably to $1.4B (IndexBox estimates) in 2024. The total export value increased at an average annual rate of +2.5% over the period from 2014 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports attained the peak of $1.6B. From 2022 to 2024, the growth of the exports remained at a lower figure.
| COUNTRY | Export Value of Glass Fiber in China (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 120 | 123 | 135 | 174 | 193 | 168 | 151 | 155 | 168 | 169 |
| India | 59.5 | 55.3 | 77.6 | 82.0 | 99.4 | 110 | 99.6 | 137 | 154 | 131 |
| South Korea | 81.7 | 98.6 | 112 | 120 | 103 | 99.6 | 116 | 142 | 115 | 107 |
| Vietnam | 65.3 | 65.3 | 76.3 | 93.6 | 94.0 | 99.6 | 108 | 115 | 81.6 | 70.4 |
| Turkey | 19.8 | 20.0 | 16.3 | 22.7 | 24.0 | 26.3 | 30.5 | 43.7 | 64.4 | 58.1 |
| Japan | 51.9 | 54.5 | 55.1 | 67.5 | 90.2 | 94.3 | 85.5 | 91.0 | 60.4 | 48.8 |
| Thailand | 35.9 | 35.8 | 28.3 | 33.5 | 39.2 | 42.7 | 48.2 | 62.1 | 55.7 | 47.7 |
| Taiwan (Chinese) | 44.2 | 33.9 | 34.9 | 48.0 | 56.4 | 34.8 | 30.9 | 48.3 | 28.6 | 30.6 |
| Others | 611 | 578 | 536 | 591 | 618 | 658 | 608 | 821 | 749 | 654 |
| Total | 1,088 | 1,064 | 1,072 | 1,233 | 1,318 | 1,334 | 1,278 | 1,616 | 1,476 | 1,316 |
Exports by Country
India (74K tons), the United States (62K tons) and South Korea (37K tons) were the main destinations of glass fiber exports from China, with a combined 32% share of total exports.
From 2014 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +12.5%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for glass fiber exported from China were the United States ($169M), India ($131M) and South Korea ($107M), together comprising 31% of total exports. Vietnam, Turkey, Japan, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further 19%.
Turkey, with a CAGR of +12.7%, 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.
Exports by Type
Glass fibres and glass wool (231K tons), glass fibre mats (230K tons) and non-woven glass fibre webs, felts, mattresses and boards (79K tons) were the main products of glass fiber exports from China, together accounting for 93% of total exports. Glass fibre voiles lagged somewhat behind, comprising a further 6.6%.
From 2014 to 2024, the biggest increases were recorded for glass fibre voiles (with a CAGR of +17.9%), while shipments for the other products experienced more modest paces of growth.
In value terms, glass fibres and glass wool ($944M) remains the largest type of voiles, webs, mats and other articles of glass fibers exported from China, comprising 68% of total exports. The second position in the ranking was held by glass fibre mats ($267M), with a 19% share of total exports. It was followed by non-woven glass fibre webs, felts, mattresses and boards, with a 7.4% share.
From 2014 to 2024, the average annual rate of growth in terms of the value of glass fibres and glass wool exports totaled +6.5%. With regard to the other exported products, the following average annual rates of growth were recorded: glass fibre mats (+3.3% per year) and non-woven glass fibre webs, felts, mattresses and boards (-12.1% per year).
Export Prices by Country
In 2024, the glass fiber price stood at $2,478 per ton in 2023 (FOB, China), shrinking by -12.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 78%. As a result, the export price attained the peak level of $4,430 per ton. From 2017 to 2023, 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 Thailand ($3,135 per ton), while the average price for exports to Indonesia ($1,465 per ton) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the glass fiber market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
