Report Update Nov 1, 2024

Hong Kong SAR, China - Voiles, Webs, Mats and Other Articles of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Glass Fiber Market 2024

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) :

What are the largest markets for voiles, webs, mats and other articles of glass fibers in the world?

China constituted the country with the largest volume of glass fiber consumption, accounting for 21% of total volume. Moreover, glass fiber consumption in China exceeded the figures recorded by the second-largest consumer, France, twofold. India ranked third in terms of total consumption with an 8.4% share.

What are the largest producers of voiles, webs, mats and other articles of glass fibers in the world?

The country with the largest volume of glass fiber production was China, accounting for 31% of total volume. Moreover, glass fiber production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by France, with a 6.6% share.

What are the leading suppliers of voiles, webs, mats and other articles of glass fibers to Hong Kong SAR, China?

In value terms, the largest glass fiber suppliers to Hong Kong SAR were Japan, China and the United States, with a combined 85% share of total imports.

What are the leading importers of voiles, webs, mats and other articles of glass fibers from Hong Kong SAR, China?

In value terms, China remains the key foreign market for glass fiber exports from Hong Kong SAR.

What is the average export price for voiles, webs, mats and other articles of glass fibers in Hong Kong SAR, China?

In 2021, the average glass fiber export price amounted to $5,950 per ton, increasing by 7.1% against the previous year.

What is the average import price for voiles, webs, mats and other articles of glass fibers in Hong Kong SAR, China?

In 2021, the average glass fiber import price amounted to $5,586 per ton, picking up by 8% against the previous year.

This report provides an in-depth analysis of the glass fiber market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141210 -
Prodcom 23141230 -
Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
Prodcom 23141293 -
Prodcom 23141295 -
Prodcom 23141299 -

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023