Puerto Rico: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Puerto Rico

The Puerto Rican market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021, jumping by 18% against the previous year. Over the period under review, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Puerto Rico

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 54% against the previous year. Puerto Rico production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Puerto Rico

In 2021, approx. less than X kg of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were exported from Puerto Rico; flattening at the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China was the major exporter of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in the world, with the volume of exports recording X tons, which was approx. 31% of total exports in 2021. Malaysia (X tons) took the second position in the ranking, followed by Belgium (X tons), Egypt (X tons), France (X tons) and Taiwan (Chinese) (X tons). All these countries together held near 37% share of total exports. Mexico (X tons), Slovakia (X tons), the United States (X tons), the Netherlands (X tons), the UK (X tons), South Korea (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glass fibre filament, roving, and staple glass fibre article exports from China stood at +3.6%. At the same time, Egypt (+32.2%), South Korea (+9.8%), the Netherlands (+6.9%), Malaysia (+6.8%), Slovakia (+3.6%), Mexico (+3.5%), France (+3.0%), Belgium (+2.5%), the United States (+2.3%), Taiwan (Chinese) (+2.3%) and the Czech Republic (+2.0%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.2% from 2012-2021. The UK experienced a relatively flat trend pattern. From 2012 to 2021, the share of Egypt and Malaysia increased by +5.5 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier from Puerto Rico, comprising 25% of global exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of global exports. It was followed by Belgium, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+6.3% per year) and Belgium (+1.2% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. Overall, the export price recorded 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 the United States ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.1%), while the other leaders experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Puerto Rico

Imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Puerto Rico stood at less than X kg in 2021, leveling off at the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Germany (X tons), the United States (X tons), Turkey (X tons), South Korea (X tons), Italy (X tons), Belgium (X tons), China (X tons), the Netherlands (X tons), Japan (X tons), India (X tons), France (X tons) and Spain (X tons) represented the main importer of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in the world, achieving 66% of total import. Russia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkey (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 29% of total imports.

Turkey, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining stable against the previous year. In general, the import price showed 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 China ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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