Japan: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Japan

The Japanese glass fibre fabrics market rose markedly to $X in 2022, increasing by 5.1% against the previous year. In general, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Fabrics Production in Japan

In value terms, glass fibre fabrics production expanded markedly to $X in 2022 estimated in export price. In general, production, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 56%. Glass fibre fabrics production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Glass Fibre Fabrics Exports

Exports from Japan

After three years of decline, shipments abroad of glass fibre fabrics increased by 9.8% to X tons in 2022. Over the period under review, exports, however, saw a slight shrinkage. The growth pace was the most rapid in 2016 when exports increased by 19% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, glass fibre fabrics exports amounted to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main destinations of glass fibre fabrics exports from Japan, with a combined 57% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +15.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for glass fibre fabrics exports from Japan, comprising 49% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total exports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+0.6% per year) and China (+1.0% per year).

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, declining by -6.7% against the previous year. Overall, the export price, however, recorded buoyant growth. The growth pace was the most rapid in 2020 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Japan

In 2022, glass fibre fabrics imports into Japan fell to X tons, waning by -6.1% compared with the year before. In general, imports recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, glass fibre fabrics imports contracted slightly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest glass fibre fabrics supplier to Japan, with a 57% share of total imports. Moreover, glass fibre fabrics imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Macao SAR (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.5% per year) and Macao SAR (-7.9% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of glass fibre fabrics to Japan, comprising 49% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and the United States (-1.0% per year).

Import Prices by Country

The average glass fibre fabrics import price stood at $X per ton in 2022, with an increase of 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 an increase of 9.2%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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