Report Update Nov 1, 2024

Sri Lanka - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Sri Lanka

The Sri Lankan glass fibre filament market contracted dramatically to $X in 2021, shrinking by -23.6% 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 showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Glass Fibre Filament Exports

Exports from Sri Lanka

In 2021, after six years of growth, there was significant decline in overseas shipments of glass fibre filaments, when their volume decreased by -78.2% to X tons. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by 327%. The exports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, glass fibre filament exports dropped remarkably to $X in 2021. Over the period under review, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2017 when exports increased by 364% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then declined sharply in the following year.

Exports by Country

Maldives (X tons) was the main destination for glass fibre filament exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Maldives totaled -5.9%.

In value terms, Maldives ($X) also remains the key foreign market for glass fibre filaments exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives totaled +1.7%.

Export Prices by Country

The average glass fibre filament export price stood at $X per ton in 2021, rising by 52% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 62%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to +8.1% per year.

Glass Fibre Filament Imports

Imports into Sri Lanka

Glass fibre filament imports into Sri Lanka reduced rapidly to X tons in 2021, which is down by -34% against 2020 figures. Over the period under review, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 514% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, glass fibre filament imports dropped remarkably to $X in 2021. Overall, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 405% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest glass fibre filament supplier to Sri Lanka, accounting for a 65% share of total imports. Moreover, glass fibre filament imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+32.2% per year) and Hong Kong SAR (-22.0% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) were the largest glass fibre filament suppliers to Sri Lanka, with a combined 92% share of total imports.

Taiwan (Chinese), with a CAGR of +26.6%, saw 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 a decline.

Import Prices by Country

In 2021, the average glass fibre filament import price amounted to $X per ton, growing by 8.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 26%. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+47.0%), 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 comprising 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, accounting for 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 Sri Lanka?

In value terms, China constituted the largest supplier of glass fibre filament to Sri Lanka, comprising 76% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with an 18% share of total imports.

What is the average export price for glass fibre filaments in Sri Lanka?

The average glass fibre filament export price stood at $1,279 per ton in 2019, stabilizing at the previous year.

What is the average import price for glass fibre filaments in Sri Lanka?

In 2021, the average glass fibre filament import price amounted to $1,161 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the glass fibre filament market in Sri Lanka. 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:

Sri Lanka

Data coverage:

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