CIS: 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 CIS

The CIS market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded to $X in 2021, growing by 2.2% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

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

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 11% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

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

Exports in CIS

In 2021, the amount of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exported in the CIS soared to X tons, jumping by 31% against 2020 figures. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +10.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +18.9% against 2018 indices. As a result, the exports attained 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 soared to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X tons) and Russia (X tons) represented roughly 98% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +10.0%).

In value terms, Belarus ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier in the CIS, comprising 66% of total exports. The second position in the ranking was taken by Russia ($X), with a 33% share of total exports.

In Belarus, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased at an average annual rate of +4.8% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, increasing by 24% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-2.4%).

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

Imports in CIS

In 2021, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in the CIS soared to X tons, with an increase of 47% on the year before. In general, imports saw a remarkable increase. As a result, imports attained 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 surged to $X in 2021. Overall, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in articles structure, recording X tons, which was near 83% of total imports in 2021. It was distantly followed by Moldova (X tons), making up a 7.9% share of total imports. The following importers - Kazakhstan (X tons), Belarus (X tons) and Uzbekistan (X tons) - together made up 8% of total imports.

Imports into Russia increased at an average annual rate of +10.4% from 2012 to 2021. At the same time, Moldova (+30.5%), Uzbekistan (+7.8%) and Belarus (+3.8%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of +30.5% from 2012-2021. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Moldova, Russia and Uzbekistan increased by +6.3, +5.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in the CIS, comprising 83% of total imports. The second position in the ranking was taken by Moldova ($X), with a 7.6% share of total imports. It was followed by Kazakhstan, with a 4.2% share.

In Russia, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased at an average annual rate of +8.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Moldova (+29.7% per year) and Kazakhstan (-1.6% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, growing by 19% against the previous year. In general, the import price, however, recorded a slight decline. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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