Australia: 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 Australia

The Australian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021, growing by 172% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a notable increase. Consumption of peaked in 2021 and is expected to retain growth in years to come.

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

Exports from Australia

In 2021, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Australia skyrocketed to X tons, rising by 1,375% on the previous year's figure. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. Overall, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), South Africa (X tons) and India (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Australia, together comprising 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +128.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Africa ($X) and the United States ($X) appeared to be the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Australia worldwide, together comprising 88% of total exports.

Among the main countries of destination, India, with a CAGR of +164.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, reducing by -77.1% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 237% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+61.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

In 2021, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Australia skyrocketed to X tons, growing by 113% on 2020 figures. In general, imports saw a temperate expansion. The pace of growth was the most pronounced in 2019 when imports increased by 278% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. Over the period under review, imports saw a moderate increase. The growth pace was the most rapid in 2019 when imports increased by 226% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glass fibre filament, roving, and staple glass fibre article to Australia, accounting for a 43% share of total imports. It was followed by South Korea (X tons), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-16.3% per year) and Malaysia (-53.0% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Australia, comprising 39% of total imports. The second position in the ranking was taken by South Korea ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-15.3% per year) and Malaysia (-48.8% per year).

Import Prices by Country

The average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, picking up by 44% against the previous year. In general, the import price, however, recorded a mild decrease. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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