SADC: 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 SADC

The SADC market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2021, approximately mirroring the previous year. In general, consumption posted a resilient increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

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

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles fell slightly to $X in 2021 estimated in export price. Over the period under review, production showed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 36% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

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

Exports in SADC

In 2021, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 58% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 75%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles dropped to $X in 2021. Total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +2.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 80%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from South Africa (X tons), together recording 98% of total export.

South Africa was also the fastest-growing in terms of the glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports, with a CAGR of +6.4% from 2012 to 2021. South Africa (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest glass fibre filament, roving, and staple glass fibre article supplier in SADC.

In South Africa, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded at an average annual rate of +2.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, with a decrease of -41.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the export price increased by 66% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, 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 South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -4.1% per year.

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

Imports in SADC

In 2021, the amount of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles imported in SADC soared to X tons, increasing by 51% on the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa prevails in articles structure, resulting at X tons, which was approx. 91% of total imports in 2021. Tanzania (X tons) and Angola (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 imports into South Africa stood at +2.7%. At the same time, Tanzania (+12.0%) and Angola (+5.3%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +12.0% from 2012-2021. Tanzania (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in SADC, comprising 90% of total imports. The second position in the ranking was held by Tanzania ($X), with a 3% share of total imports.

In South Africa, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded at an average annual rate of +3.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+7.7% per year) and Angola (-8.7% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, growing by 16% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform