CIS: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in CIS

The CIS glass fibre fabrics market expanded notably to $X in 2022, picking up by 12% against the previous year. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Glass Fibre Fabrics Production in CIS

In value terms, glass fibre fabrics production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Glass Fibre Fabrics Exports

Exports in CIS

In 2022, exports of glass fibre fabrics in the CIS declined sharply to X tons, falling by -29.4% against the year before. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, glass fibre fabrics exports declined significantly to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.3% against 2015 indices. The growth pace was the most rapid in 2021 when exports increased by 57%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Belarus represented the major exporter of glass fibre fabrics in the CIS, with the volume of exports amounting to X tons, which was near 76% of total exports in 2022. It was distantly followed by Moldova (X tons), mixing up a 24% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre fabrics exports from Belarus stood at +2.8%. At the same time, Moldova (+64.1%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +64.1% from 2012-2022. From 2012 to 2022, the share of Moldova increased by +23 percentage points.

In value terms, Belarus ($X) remains the largest glass fibre fabrics supplier in the CIS, comprising 75% of total exports. The second position in the ranking was taken by Moldova ($X), with a 25% share of total exports.

In Belarus, glass fibre fabrics exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, flattening at the previous year. Over the period under review, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 13%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+1.8%).

Glass Fibre Fabrics Imports

Imports in CIS

In 2022, approx. X tons of glass fibre fabrics were imported in the CIS; remaining constant against 2021. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 70% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass fibre fabrics imports contracted to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +1.3% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 56%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, recording X tons, which was approx. 82% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), mixing up a 6% share of total imports. Belarus (X tons), Uzbekistan (X tons) and Moldova (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre fabrics imports into Russia stood at +7.2%. At the same time, Uzbekistan (+42.1%), Belarus (+10.8%), Kazakhstan (+9.2%) and Moldova (+4.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +42.1% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by +4.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported glass fibre fabrics in the CIS, comprising 81% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 6.5% share of total imports. It was followed by Belarus, with a 4.7% share.

In Russia, glass fibre fabrics imports increased at an average annual rate of +2.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+6.0% per year) and Belarus (+6.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, shrinking by -7.7% against the previous year. Overall, the import price recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Moldova ($X per ton) and Kazakhstan ($X per ton), while Uzbekistan ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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