Africa: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Africa

In 2022, the African glass fibre and article market was finally on the rise to reach $X after four years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Glass Fibres and Glass Fibre Articles in Africa

In value terms, glass fibre and article production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Glass Fibres and Glass Fibre Articles

Exports in Africa

In 2022, approx. X tons of glass fibres and glass fibre articles were exported in Africa; waning by X% on 2021. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre and article exports declined rapidly to $X in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

In 2022, Egypt (X tons) represented the largest exporter of glass fibres and glass fibre articles, achieving X% of total exports. Morocco (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%). South Africa (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre and article exports from Egypt stood at X%. At the same time, Morocco (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. Morocco (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa and Egypt saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Egypt ($X) remains the largest glass fibre and article supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Egypt amounted to X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price enjoyed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Glass Fibres and Glass Fibre Articles

Imports in Africa

In 2022, approx. X tons of glass fibres and glass fibre articles were imported in Africa; shrinking by X% against the previous year's figure. Total imports indicated a tangible 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, glass fibre and article imports declined to $X in 2022. Total imports indicated moderate growth 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The purchases of the three major importers of glass fibres and glass fibre articles, namely Morocco, South Africa and Egypt, represented more than half of total import. Algeria (X tons) ranks next in terms of the total imports with an X% share, followed by Tunisia (X%). Tanzania (X tons), Nigeria (X tons), Ethiopia (X tons), Democratic Republic of the Congo (X tons), Kenya (X tons) and Angola (X tons) followed a long way behind the leaders.

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

In value terms, Morocco ($X), South Africa ($X) and Tunisia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Egypt, Algeria, Democratic Republic of the Congo, Ethiopia, Nigeria, Angola, Kenya and Tanzania lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Democratic Republic of the Congo, 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

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Tunisia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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