Report Update Nov 1, 2024

Malaysia - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Market for Glass Fibres And Glass Wool 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibres and glass wool in the world?

The countries with the highest volumes of in 2021 were China, the UK and India, together accounting for 38% of global consumption. The United States, Japan, Belgium, Russia, France, Mexico, Germany, Turkey, South Korea and Finland lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of glass fibres and glass wool in the world?

China remains the largest glass fibres and wool producing country worldwide, comprising approx. 25% of total volume. Moreover, glass fibres and wool production in China exceeded the figures recorded by the second-largest producer, the UK, twofold. India ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of glass fibres and glass wool to Malaysia?

In value terms, Hong Kong SAR, China and Singapore constituted the largest glass fibres and wool suppliers to Malaysia, with a combined 82% share of total imports.

What are the leading importers of glass fibres and glass wool from Malaysia?

In value terms, the largest markets for glass fibres and wool exported from Malaysia were Indonesia, South Korea and Singapore, together accounting for 52% of total exports. China, Australia, India, New Zealand and Ireland lagged somewhat behind, together comprising a further 36%.

What is the average export price for glass fibres and glass wool in Malaysia?

The average glass fibres and wool export price stood at $3,239 per ton in 2021, with a decrease of -16.7% against the previous year.

What is the average import price for glass fibres and glass wool in Malaysia?

The average glass fibres and wool import price stood at $9,885 per ton in 2021, with an increase of 17% against the previous year.

This report provides an in-depth analysis of the market for glass fibres and wool 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 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)

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