Africa: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Africa

The African glass fibres and wool market shrank to $X in 2022, waning by -7.8% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Glass Fibres And Glass Wool in Africa

In value terms, glass fibres and wool production fell markedly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2017 when the production volume increased by 61% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Glass Fibres And Glass Wool

Exports in Africa

In 2022, shipments abroad of glass fibres and glass wool decreased by -28.9% to X tons, falling for the third year in a row after eight years of growth. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 733% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibres and wool exports declined sharply to $X in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2014 when exports increased by 118%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt prevails in exports structure, recording X tons, which was near 96% of total exports in 2022. South Africa (X tons) took a relatively small share of total exports.

Egypt was also the fastest-growing in terms of the glass fibres and glass wool exports, with a CAGR of +317.6% from 2012 to 2022. South Africa (-3.1%) illustrated a downward trend over the same period. While the share of Egypt (+96 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-61.9 p.p.) displayed negative dynamics.

In value terms, Egypt ($X) remains the largest glass fibres and wool supplier in Africa, comprising 80% of total exports. The second position in the ranking was taken by South Africa ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Egypt amounted to +267.4%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, falling by -3.8% against the previous year. Over the period under review, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by 62%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Egypt amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.6%).

Imports of Glass Fibres And Glass Wool

Imports in Africa

In 2022, approx. X tons of glass fibres and glass wool were imported in Africa; with an increase of 10% compared with the previous year. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +22.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, glass fibres and wool imports expanded rapidly to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +57.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Egypt (X tons), Morocco (X tons), Tunisia (X tons) and South Africa (X tons) represented the major importers of glass fibres and glass wool, together generating 55% of total imports. Algeria (X tons), Uganda (X tons), Angola (X tons), Eritrea (X tons), Tanzania (X tons), Zimbabwe (X tons), Djibouti (X tons) and Sudan (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uganda (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibres and wool importing markets in Africa were Nigeria ($X), Tunisia ($X) and Egypt ($X), with a combined 41% share of total imports. South Africa, Morocco, Algeria, Sudan, Uganda, Angola, Djibouti, Tanzania, Zimbabwe and Eritrea lagged somewhat behind, together comprising a further 42%.

Uganda, with a CAGR of +53.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, with a decrease of -4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 an increase of 35%. As a result, import price reached the peak level of $X per ton, and then fell modestly in the following year.

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 South Africa ($X per ton), while Eritrea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+16.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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