Malaysia: Market for Glass Fibres And Glass Wool 2025

Market Size for Glass Fibres And Glass Wool in Malaysia

The Malaysian glass fibres and wool market declined to $X in 2022, reducing by -10.5% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Glass fibres and wool consumption peaked at $X in 2021, and then shrank in the following year.

Production of Glass Fibres And Glass Wool in Malaysia

In value terms, glass fibres and wool production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.6% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 65%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Glass Fibres And Glass Wool

Exports from Malaysia

In 2022, overseas shipments of glass fibres and glass wool were finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 64% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, glass fibres and wool exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 102%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for glass fibres and wool exports from Malaysia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +57.2%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for glass fibres and glass wool exports from Malaysia.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +62.2%.

Export Prices by Country

The average glass fibres and wool export price stood at $X per ton in 2022, growing by 6.9% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 55%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +21.5% per year.

Imports of Glass Fibres And Glass Wool

Imports into Malaysia

In 2022, imports of glass fibres and glass wool into Malaysia reached X tons, growing by 3.1% on the previous year. Over the period under review, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, glass fibres and wool imports contracted modestly to $X in 2022. Overall, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 73%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main glass fibres and wool supplier to Malaysia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +103.8%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glass fibres and glass wool to Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +126.2%.

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, with a decrease of -5.3% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibres and wool import price increased by +68.6% against 2017 indices. The pace of growth was the most pronounced in 2019 an increase of 35% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +46.1% per year.

Source: IndexBox Platform

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