South Africa: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in South Africa

The South African glass fibre fabrics market fell remarkably to $X in 2022, dropping by -16.4% 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 recorded a abrupt decrease. Glass fibre fabrics consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Fabrics Exports

Exports from South Africa

In 2022, after four years of decline, there was significant growth in shipments abroad of glass fibre fabrics, when their volume increased by 12% to X tons. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 82% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre fabrics exports rose remarkably to $X in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 97%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mozambique (X tons), Botswana (X tons) and Zimbabwe (X tons) were the main destinations of glass fibre fabrics exports from South Africa, together accounting for 62% of total exports. Zambia, Namibia, Democratic Republic of the Congo and Malawi lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +18.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre fabrics exported from South Africa were Mozambique ($X), Botswana ($X) and Zambia ($X), with a combined 56% share of total exports. Zimbabwe, Namibia, Democratic Republic of the Congo and Malawi lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of +14.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Botswana ($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 Malawi (+17.6%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Fabrics Imports

Imports into South Africa

In 2022, glass fibre fabrics imports into South Africa dropped to X tons, with a decrease of -10.8% against 2021. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre fabrics imports reduced to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibre fabrics supplier to South Africa, accounting for a 66% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. The third position in this ranking was held by the UK (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.0% per year) and the UK (-4.2% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre fabrics to South Africa, comprising 35% of total imports. The second position in the ranking was held by the UK ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.9% per year) and the United States (-14.4% per year).

Import Prices by Country

In 2022, the average glass fibre fabrics import price amounted to $X per ton, reducing by -3.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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