Singapore: Glass Fibre Fabrics Market 2025

Glass Fibre Fabrics Market Size in Singapore

The Singaporean glass fibre fabrics market shrank slightly to $X in 2022, with a decrease of -3.5% 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). In general, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Singapore

In 2022, approx. X tons of glass fibre fabrics were exported from Singapore; reducing by -13.6% compared with 2021. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 138% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre fabrics exports shrank to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 68%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for glass fibre fabrics exports from Singapore, with a 50% share of total exports. Moreover, glass fibre fabrics exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), fourfold. Kuwait (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+91.4% per year) and Kuwait (+76.2% per year).

In value terms, the largest markets for glass fibre fabrics exported from Singapore were Brunei Darussalam ($X), Malaysia ($X) and Kuwait ($X), together accounting for 72% of total exports.

Among the main countries of destination, Brunei Darussalam, with a CAGR of +83.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average glass fibre fabrics export price amounted to $X per ton, rising by 13% against the previous year. Overall, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of 21%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-2.6%), while the prices for the other major destinations experienced a decline.

Glass Fibre Fabrics Imports

Imports into Singapore

In 2022, imports of glass fibre fabrics into Singapore contracted modestly to X tons, which is down by -4.7% on 2021 figures. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre fabrics imports reduced to $X in 2022. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 29%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest supplier of glass fibre fabrics to Singapore, with a 64% share of total imports. Moreover, glass fibre fabrics imports from the Philippines exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines totaled +150.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.9% per year) and the United States (-3.8% per year).

In value terms, the Philippines ($X) constituted the largest supplier of glass fibre fabrics to Singapore, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Philippines stood at +157.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.7% per year) and China (-24.3% per year).

Import Prices by Country

The average glass fibre fabrics import price stood at $X per ton in 2022, shrinking by -7% against the previous year. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 65% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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