Australia and Oceania: Market for Glass Fibre Chopped Strands 2025

Market Size for Glass Fibre Chopped Strands in Australia and Oceania

The glass fibre chopped strand market in Australia and Oceania surged to $X in 2021, with an increase of 16% against the previous year. In general, consumption, however, saw a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Glass Fibre Chopped Strands in Australia and Oceania

In value terms, glass fibre chopped strand production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Glass Fibre Chopped Strands

Exports in Australia and Oceania

Glass fibre chopped strand exports soared to X tons in 2021, picking up by 269% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when exports increased by 404%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass fibre chopped strand exports soared to $X in 2021. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 464%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia was the largest exporter of glass fibre chopped strands in Australia and Oceania, with the volume of exports reaching X tons, which was near 76% of total exports in 2021. New Zealand (X tons) took the second position in the ranking, distantly followed by Fiji (X kg). All these countries together took approx. 24% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to glass fibre chopped strand exports from Australia stood at -11.2%. Fiji (-5.5%) and New Zealand (-17.5%) illustrated a downward trend over the same period. While the share of New Zealand (+19 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-20.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest glass fibre chopped strand supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was held by New Zealand ($X), with a 4.8% share of total exports.

In Australia, glass fibre chopped strand exports increased at an average annual rate of +7.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (-18.7% per year) and Fiji (-9.3% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with a decrease of -53.4% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 402%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+20.5%), while the other leaders experienced a decline in the export price figures.

Imports of Glass Fibre Chopped Strands

Imports in Australia and Oceania

In 2021, purchases abroad of glass fibre chopped strands increased by 137% to X tons, rising for the third year in a row after two years of decline. In general, imports enjoyed a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre chopped strand imports surged to $X in 2021. Overall, imports, however, showed a slight setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the two major importers of glass fibre chopped strands, namely Australia and New Zealand, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by New Zealand (with a CAGR of +17.5%).

In value terms, the largest glass fibre chopped strand importing markets in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of +18.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 17% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2014 an increase of 35%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.0%).

Source: IndexBox Platform

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