SADC: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in SADC

The SADC glass fibre and article market fell modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Glass Fibres and Glass Fibre Articles in SADC

In value terms, glass fibre and article production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports in SADC

In 2022, overseas shipments of glass fibres and glass fibre articles increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass fibre and article exports soared to $X in 2022. Over the period under review, exports, however, showed a perceptible decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X tons) represented the main exporter of glass fibres and glass fibre articles, achieving X% of total exports. It was distantly followed by Angola (X tons), committing a X% share of total exports. Tanzania (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre and article exports from South Africa stood at X%. At the same time, Angola (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Angola and Tanzania increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest glass fibre and article supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports.

In South Africa, glass fibre and article exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Angola (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a pronounced contraction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Imports of Glass Fibres and Glass Fibre Articles

Imports in SADC

Glass fibre and article imports rose markedly to X tons in 2022, growing by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, glass fibre and article imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, South Africa (X tons) was the main importer of glass fibres and glass fibre articles, creating X% of total imports. Tanzania (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (X%) and Angola (X%). Mauritius (X tons), Zimbabwe (X tons) and Zambia (X tons) took a little share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of glass fibres and glass fibre articles. At the same time, Democratic Republic of the Congo (X%), Tanzania (X%), Zimbabwe (X%) and Angola (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Mauritius experienced a relatively flat trend pattern. By contrast, Zambia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania and Democratic Republic of the Congo increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported glass fibres and glass fibre articles in SADC, comprising X% of total imports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price continues to indicate a mild descent. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zambia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform