Puerto Rico: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Puerto Rico

In 2021, the Puerto Rican glass fibre filament market increased by 10% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Filament Production in Puerto Rico

In value terms, glass fibre filament production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 29% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Glass Fibre Filament Exports

Exports from Puerto Rico

Glass fibre filament exports from Puerto Rico was estimated at less than X kg in 2021, approximately equating 2020 figures. Overall, exports showed a relatively flat trend pattern.

In value terms, glass fibre filament exports totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

China was the main exporting country with an export of around X tons, which finished at 46% of total exports. It was distantly followed by Egypt (X tons), Mexico (X tons) and the United States (X tons), together committing a 22% share of total exports. The UK (X tons), France (X tons), Slovakia (X tons), Norway (X tons), Italy (X tons) and Belgium (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +2.5% from 2012 to 2021. At the same time, Egypt (+23.2%), the United States (+4.6%), Mexico (+4.3%), Norway (+3.8%), Italy (+2.6%) and the UK (+1.6%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.2% from 2012-2021. Slovakia and France experienced a relatively flat trend pattern. By contrast, Belgium (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Egypt increased by +8.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre filament supplier from Puerto Rico, comprising 40% of global exports. The second position in the ranking was taken by Egypt ($X), with a 9% share of global exports. It was followed by Mexico, with an 8.3% share.

In China, glass fibre filament exports increased at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (+27.9% per year) and Mexico (+7.8% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.8%), while the other leaders experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Puerto Rico

Glass fibre filament imports into Puerto Rico stood at less than X kg in 2021, almost unchanged from 2020 figures. In general, imports recorded a relatively flat trend pattern.

In value terms, glass fibre filament imports amounted to less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Turkey (X tons), Germany (X tons) and Belgium (X tons) represented the major importers of glass fibre filaments, together committing 33% of total imports. South Korea (X tons), Saudi Arabia (X tons), Russia (X tons), Spain (X tons), Italy (X tons), India (X tons), Mexico (X tons), France (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glass fibre filament imports into the United States stood at +1.3%. At the same time, Turkey (+17.7%), Russia (+15.7%), India (+11.9%), the United Arab Emirates (+9.1%), Mexico (+7.8%), South Korea (+5.4%), Spain (+4.6%), France (+4.4%), Italy (+4.2%), Saudi Arabia (+4.0%) and Belgium (+2.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the world, with a CAGR of +17.7% from 2012-2021. By contrast, Germany (-1.7%) illustrated a downward trend over the same period. While the share of Turkey (+4.5 p.p.) and Russia (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-4.6 p.p.) and the United States (-5.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported glass fibre filaments into Puerto Rico, comprising 15% of global imports. The second position in the ranking was held by Germany ($X), with a 6.7% share of global imports. It was followed by Turkey, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and Turkey (+17.9% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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