Report Update Nov 1, 2024

Malaysia - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Malaysia

In 2021, the Malaysian glass fibre filament market decreased by -24.1% to $X, falling for the fifth year in a row after two years of growth. Over the period under review, consumption saw a pronounced setback. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Glass Fibre Filament Production in Malaysia

In value terms, glass fibre filament production fell to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 56%. Glass fibre filament production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Glass Fibre Filament Exports

Exports from Malaysia

In 2021, after two years of decline, there was significant growth in overseas shipments of glass fibre filaments, when their volume increased by 14% to X tons. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 203%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, glass fibre filament exports surged to $X in 2021. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 115% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), South Korea (X tons) and China (X tons) were the main destinations of glass fibre filament exports from Malaysia, together comprising 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +83.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre filament exported from Malaysia were the United States ($X), South Korea ($X) and China ($X), together comprising 89% of total exports.

China, with a CAGR of +78.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre filament export price stood at $X per ton in 2021, surging by 19% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and India ($X per ton), while the average price for exports to South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.7%), while the prices for the other major destinations experienced a decline.

Glass Fibre Filament Imports

Imports into Malaysia

In 2021, supplies from abroad of glass fibre filaments decreased by -36.1% to X tons, falling for the second consecutive year after four years of growth. In general, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 when imports increased by 45%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fibre filament imports fell dramatically to $X in 2021. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 44%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main glass fibre filament supplier to Malaysia, accounting for a 95% share of total imports. It was followed by India (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -4.7%.

In value terms, China ($X) constituted the largest supplier of glass fibre filaments to Malaysia, comprising 94% of total imports. The second position in the ranking was held by India ($X), with a 1.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -8.4%.

Import Prices by Country

In 2021, the average glass fibre filament import price amounted to $X per ton, surging by 6.5% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 14%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre filaments in the world?

The countries with the highest volumes of glass fibre filament consumption in 2021 were China, the United States and India, together comprising 39% of global consumption. Russia, Brazil, Bangladesh, Japan, Mexico, Turkey, France, Thailand, Spain and Australia lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of glass fibre filaments in the world?

China remains the largest glass fibre filament producing country worldwide, accounting for 33% of total volume. Moreover, glass fibre filament production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by the United States, with a 7.6% share.

What are the leading suppliers of glass fibre filaments to Malaysia?

In value terms, the United States constituted the largest supplier of glass fibre filament to Malaysia, comprising 59% of total imports. The second position in the ranking was occupied by Japan, with a 29% share of total imports.

What are the leading importers of glass fibre filaments from Malaysia?

In value terms, the largest markets for glass fibre filament exported from Malaysia were the United States, South Korea and China, together comprising 91% of total exports.

What is the average export price for glass fibre filaments in Malaysia?

In 2021, the average glass fibre filament export price amounted to $1,141 per ton, increasing by 19% against the previous year.

What is the average import price for glass fibre filaments in Malaysia?

In 2021, the average glass fibre filament import price amounted to $873 per ton, rising by 24% against the previous year.

This report provides an in-depth analysis of the glass fibre filament market in Malaysia. 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 23141130 - Glass fibre filaments (including rovings)

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
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