South Africa: Glass Fiber Market 2024

Glass Fiber Market Size in South Africa

The South African glass fiber market reached $X in 2021, surging by 3.4% against the previous year. In general, consumption, however, recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Glass Fiber Production in South Africa

In value terms, glass fiber production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable decrease. The growth pace was the most rapid in 2013 with an increase of 9.8%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Glass Fiber Exports

Exports from South Africa

After four years of decline, shipments abroad of voiles, webs, mats and other articles of glass fibers increased by 12% to X tons in 2021. In general, exports, however, recorded a noticeable downturn. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, glass fiber exports expanded remarkably to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Zambia (X tons) and Poland (X tons) were the main destinations of glass fiber exports from South Africa, together accounting for 36% of total exports. These countries were followed by Zimbabwe, Botswana, the UK, Mozambique, Namibia, Croatia, Democratic Republic of the Congo, Germany and the United States, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +39.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fiber exported from South Africa were Germany ($X), Australia ($X) and Zimbabwe ($X), with a combined 33% share of total exports. Zambia, Poland, Mozambique, Democratic Republic of the Congo, Botswana, the United States, Namibia, the UK and Croatia lagged somewhat behind, together comprising a further 47%.

In terms of the main countries of destination, Croatia, with a CAGR of +41.1%, recorded the highest growth rate of 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 2021, the average glass fiber export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 7.7% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 the United States (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fiber Imports

Imports into South Africa

In 2021, imports of voiles, webs, mats and other articles of glass fibers into South Africa skyrocketed to X tons, with an increase of 32% on the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 35% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fiber imports surged to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glass fiber to South Africa, accounting for a 64% share of total imports. Moreover, glass fiber imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by the UK (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.0% per year) and the UK (+31.3% per year).

In value terms, the largest glass fiber suppliers to South Africa were China ($X), Germany ($X) and the UK ($X), with a combined 65% share of total imports. These countries were followed by France, the United States and Turkey, which together accounted for a further 13%.

Turkey, with a CAGR of +56.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass fiber import price stood at $X per ton in 2021, growing by 9.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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