Overview of the Global Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

The global market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded to $X in 2021, with an increase of 4.2% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 5.8% against the previous year. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the global market remained at a somewhat lower figure.

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

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 7.5% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports

In 2021, shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern 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.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporting country with an export of about X tons, which resulted at 31% of total exports. Malaysia (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (7.4%), Egypt (6.2%), France (5.3%) and Taiwan (Chinese) (4.5%). The following exporters - Mexico (X tons), Slovakia (X tons), the United States (X tons), the Netherlands (X tons), the UK (X tons), South Korea (X tons) and the Czech Republic (X tons) - together made up 20% of total exports.

From 2012 to 2021, average annual rates of growth with regard to glass fibre filament, roving, and staple glass fibre article exports from China stood at +3.6%. At the same time, Egypt (+32.2%), South Korea (+9.8%), the Netherlands (+6.9%), Malaysia (+6.8%), Slovakia (+3.6%), Mexico (+3.5%), France (+3.0%), Belgium (+2.5%), the United States (+2.3%), Taiwan (Chinese) (+2.3%) and the Czech Republic (+2.0%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.2% from 2012-2021. The UK experienced a relatively flat trend pattern. Egypt (+5.5 p.p.) and Malaysia (+2.6 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier worldwide, comprising 25% of global exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of global exports. It was followed by Belgium, with a 7.8% share.

In China, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased at an average annual rate of +4.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+6.3% per year) and Belgium (+1.2% per year).

Export Prices by Country

In 2021, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 the United States ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.1%), while the other global leaders experienced more modest paces of growth.

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

Imports

After two years of decline, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 25% to X tons in 2021. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), the United States (X tons), Turkey (X tons), South Korea (X tons), Italy (X tons), Belgium (X tons), China (X tons), the Netherlands (X tons), Japan (X tons), India (X tons), France (X tons) and Spain (X tons) was the main importer of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in the world, creating 66% of total import. Russia (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of +23.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article importing markets worldwide were Germany ($X), the United States ($X) and Turkey ($X), together accounting for 29% of global imports.

Turkey, with a CAGR of +23.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the import price, however, showed a mild contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 China ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.9%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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