Report Update Nov 1, 2024

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

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Thailand: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Thailand

The Thai glass fibre filament market declined to $X in 2021, falling by -3.9% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Glass Fibre Filament Production in Thailand

In value terms, glass fibre filament production fell slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Glass Fibre Filament Exports

Exports from Thailand

Glass fibre filament exports from Thailand fell markedly to X tons in 2021, dropping by -33.6% on 2020 figures. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,468% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, glass fibre filament exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 547% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), the UK (X tons) and Malaysia (X tons) were the main destinations of glass fibre filament exports from Thailand, together comprising 82% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +236.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for glass fibre filaments exports from Thailand, comprising 40% of total exports. The second position in the ranking was held by the UK ($X), with a 19% share of total exports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +378.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Japan (+77.7% per year).

Export Prices by Country

The average glass fibre filament export price stood at $X per ton in 2021, increasing by 185% against the previous year. Overall, the export price, however, showed a slight decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Malaysia ($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 Vietnam (+71.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Thailand

Glass fibre filament imports into Thailand expanded modestly to X tons in 2021, surging by 2.9% against 2020 figures. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, glass fibre filament imports skyrocketed to $X in 2021. Over the period under review, imports saw resilient growth. 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) was the main supplier of glass fibre filament to Thailand, with a 95% share of total imports. Moreover, glass fibre filament imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +17.6%.

In value terms, China ($X) constituted the largest supplier of glass fibre filaments to Thailand, comprising 92% of total imports. The second position in the ranking was taken by Japan ($X), with a 6.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +18.1%.

Import Prices by Country

The average glass fibre filament import price stood at $X per ton in 2021, jumping by 69% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.

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, with a combined 39% share of global consumption. These countries were followed by Russia, Brazil, Bangladesh, Japan, Mexico, Turkey, France, Thailand, Spain and Australia, which together accounted for a further 32%.

What are the largest producers of glass fibre filaments in the world?

China constituted the country with the largest volume of glass fibre filament production, comprising approx. 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 Thailand?

In value terms, China constituted the largest supplier of glass fibre filament to Thailand, comprising 92% of total imports. The second position in the ranking was occupied by Japan, with a 6.5% share of total imports.

What are the leading importers of glass fibre filaments from Thailand?

In value terms, the United States remains the key foreign market for glass fibre filament exports from Thailand, comprising 40% of total exports. The second position in the ranking was occupied by the UK, with a 19% share of total exports. It was followed by Japan, with a 14% share.

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

In 2021, the average glass fibre filament export price amounted to $3,179 per ton, increasing by 36% against the previous year.

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

In 2021, the average glass fibre filament import price amounted to $796 per ton, reducing by -13.5% against the previous year.

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

Thailand

Data coverage:

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