Report Update Nov 1, 2024

Saudi Arabia - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Saudi Arabia

The Saudi glass fibre filament market skyrocketed to $X in 2021, jumping by 101% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a resilient expansion. Glass fibre filament consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Filament Exports

Exports from Saudi Arabia

In 2021, exports of glass fibre filaments from Saudi Arabia skyrocketed to X tons, increasing by 16% compared with 2020. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 124% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, glass fibre filament exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for glass fibre filament exports from Saudi Arabia, accounting for a 38% share of total exports. Moreover, glass fibre filament exports to India exceeded the volume sent to the second major destination, Spain (X tons), twofold. Oman (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +46.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+27.3% per year) and Oman (+98.6% per year).

In value terms, Oman ($X) emerged as the key foreign market for glass fibre filaments exports from Saudi Arabia, comprising 42% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +97.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+25.6% per year) and Spain (+19.9% per year).

Export Prices by Country

In 2021, the average glass fibre filament export price amounted to $X per ton, rising by 61% against the previous year. In general, the export price, however, recorded a pronounced setback. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Filament Imports

Imports into Saudi Arabia

In 2021, approx. X tons of glass fibre filaments were imported into Saudi Arabia; rising by 35% on the previous year. Overall, imports saw a perceptible increase. The growth pace was the most rapid in 2014 when imports increased by 84%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fibre filament imports soared to $X in 2021. Over the period under review, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Bahrain (X tons) were the main suppliers of glass fibre filament imports to Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +56.9%).

In value terms, the largest glass fibre filament suppliers to Saudi Arabia were Bahrain ($X) and China ($X).

Bahrain, with a CAGR of +485.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average glass fibre filament import price stood at $X per ton in 2021, jumping by 103% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bahrain ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+107.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre filaments in the world?

The countries with the highest volumes of glass fibre filament consumption in 2021 were China, the United States and India, together accounting for 39% of global consumption. Russia, Brazil, Bangladesh, Japan, Mexico, Turkey, France, Thailand, Spain and Australia lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of glass fibre filaments in the world?

The country with the largest volume of glass fibre filament production was China, comprising approx. 33% of total volume. Moreover, glass fibre filament production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of glass fibre filaments to Saudi Arabia?

In value terms, China constituted the largest supplier of glass fibre filament to Saudi Arabia, comprising 56% of total imports. The second position in the ranking was occupied by Bahrain, with a 24% share of total imports. It was followed by the United States, with a 9.5% share.

What are the leading importers of glass fibre filaments from Saudi Arabia?

In value terms, India remains the key foreign market for glass fibre filament exports from Saudi Arabia, comprising 51% of total exports. The second position in the ranking was occupied by Oman, with a 13% share of total exports. It was followed by the United Arab Emirates, with a 7.6% share.

What is the average export price for glass fibre filaments in Saudi Arabia?

In 2020, the average glass fibre filament export price amounted to $627 per ton, rising by 7.6% against the previous year.

What is the average import price for glass fibre filaments in Saudi Arabia?

In 2020, the average glass fibre filament import price amounted to $784 per ton, dropping by -12.7% against the previous year.

This report provides an in-depth analysis of the glass fibre filament market in Saudi Arabia. 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 23141130 - Glass fibre filaments (including rovings)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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