Hong Kong SAR, China: Glass Fiber Market 2025

Glass Fiber Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong glass fiber market decreased by -16.6% to $X in 2021. Overall, consumption saw a slight downturn. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped markedly in the following year.

Glass Fiber Production in Hong Kong SAR, China

In value terms, glass fiber production fell modestly to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 89%. Glass fiber production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Glass Fiber Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of voiles, webs, mats and other articles of glass fibers increased by 49% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 52%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fiber exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for glass fiber exports from Hong Kong SAR, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China totaled -3.9%.

In value terms, China ($X) also remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

The average glass fiber export price stood at $X per ton in 2021, picking up by 4.1% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass fiber export price decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 56%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +3.2% per year.

Glass Fiber Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of voiles, webs, mats and other articles of glass fibers were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a abrupt descent. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, glass fiber imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 46% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of glass fiber imports to Hong Kong SAR, together comprising 74% of total imports. These countries were followed by Japan, Taiwan (Chinese), the UK, Sweden and South Korea, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +13.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest glass fiber suppliers to Hong Kong SAR were China ($X), the UK ($X) and the United States ($X), together accounting for 68% of total imports.

The UK, with a CAGR of +38.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average glass fiber import price amounted to $X per ton, with a decrease of -9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2019 when the average import price increased by 36%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then fell in the following year.

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 the UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :