Africa: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Africa

The African market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose slightly to $X in 2021, growing by 3.4% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Africa

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.9% against 2017 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 27% against the previous year. Over the period under review, production of reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports in Africa

In 2021, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in Africa surged to X tons, growing by 53% on 2020 figures. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of 145%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 172% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, namely Egypt, represented more than two-thirds of total export.

Egypt was also the fastest-growing in terms of the glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports, with a CAGR of +32.2% from 2012 to 2021. Egypt (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) also remains the largest glass fibre filament, roving, and staple glass fibre article supplier in Africa.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt totaled +31.8%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, with an increase of 31% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2021, the rate of growth in terms of prices for Egypt amounted to -0.3% per year.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports in Africa

Imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to X tons in 2021, with an increase of 59% compared with the year before. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, 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

Morocco was the main importing country with an import of about X tons, which amounted to 46% of total imports. It was distantly followed by South Africa (X tons), Egypt (X tons) and Tunisia (X tons), together constituting a 44% share of total imports. Nigeria (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +17.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), South Africa ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2021, with a combined 82% share of total imports.

Among the main importing countries, Morocco, with a CAGR of +14.6%, recorded the highest rates of growth with regard to 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

The import price in Africa stood at $X per ton in 2021, surging by 7.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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