Australia: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Australia

The Australian glass fibre fabrics market reduced to $X in 2022, shrinking by -5.2% 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, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Australia

Glass fibre fabrics exports from Australia contracted slightly to X tons in 2022, stabilizing at 2021 figures. Overall, exports continue to indicate a mild slump. The pace of growth was the most pronounced in 2016 with an increase of 494% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, glass fibre fabrics exports declined to $X in 2022. In general, exports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 369% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for glass fibre fabrics exports from Australia, with a 49% share of total exports. Moreover, glass fibre fabrics exports to New Zealand exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Papua New Guinea (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+16.8% per year) and Papua New Guinea (+23.3% per year).

In value terms, New Zealand ($X), Papua New Guinea ($X) and the United Arab Emirates ($X) appeared to be the largest markets for glass fibre fabrics exported from Australia worldwide, with a combined 73% share of total exports. Hong Kong SAR and Indonesia lagged somewhat behind, together accounting for a further 12%.

Indonesia, with a CAGR of +20.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average glass fibre fabrics export price amounted to $X per ton, which is down by -9.8% against the previous year. In general, the export price saw a mild decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 51% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Fabrics Imports

Imports into Australia

Glass fibre fabrics imports into Australia dropped to X tons in 2022, which is down by -5.4% compared with 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 25%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, glass fibre fabrics imports fell modestly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibre fabrics supplier to Australia, accounting for a 62% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The UK (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and the UK (+1.6% per year).

In value terms, China ($X), the United States ($X) and the UK ($X) were the largest glass fibre fabrics suppliers to Australia, together comprising 75% of total imports. Germany, South Korea, France and Malaysia lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, Malaysia, with a CAGR of +48.1%, 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

In 2022, the average glass fibre fabrics import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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