Sudan: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Sudan

The Sudanese market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles dropped dramatically to $X in 2021, falling by -21.4% 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). In general, consumption continues to indicate a sharp decline. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Sudan

In 2018, the amount of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exported from Sudan was estimated at X kg, standing approx. at the previous year's figure. Overall, exports showed a perceptible decline. The smallest decline of 99.9% was in 2014. Over the period under review, the exports of attained the peak figure at X kg in 2013; however, from 2014 to 2018, the exports stood at a somewhat lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2018. Over the period under review, exports showed a significant expansion. The smallest decline of 99.9% was in 2014. The exports peaked in 2018 and are expected to retain growth in the near future.

Exports by Country

North Macedonia (X kg) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Sudan, accounting for a approx. 100% share of total exports.

From 2013 to 2018, the average annual rate of growth in terms of volume to North Macedonia was relatively modest.

From 2013 to 2018, the average annual rate of growth in terms of value to North Macedonia was relatively modest.

Export Prices by Country

In 2018, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2018 and is likely to see gradual growth in the near future.

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

From 2013 to 2018, the rate of growth in terms of prices for Uganda amounted to 0.0% per year.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Sudan

Imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Sudan shrank sharply to X tons in 2021, with a decrease of -21.1% against 2020. Overall, imports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 206% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles contracted significantly to $X in 2021. Over the period under review, imports faced a significant decline. The growth pace was the most rapid in 2015 with an increase of 265%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest glass fibre filament, roving, and staple glass fibre article supplier to Sudan, accounting for a 55% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by Kuwait (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-34.2% per year) and Kuwait (-11.7% per year).

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Sudan were Turkey ($X), China ($X) and Kuwait ($X), together accounting for 84% of total imports. These countries were followed by the United Arab Emirates, Egypt, Saudi Arabia and Portugal, which together accounted for a further 15%.

In terms of the main suppliers, Portugal, with a CAGR of +15.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by +76.2% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 19%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then declined modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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