Thailand: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2025

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

The Thai market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Thailand

After three years of decline, shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 267% to X tons in 2021. In general, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. Over the period under review, exports posted notable growth. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Thailand, with a 41% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Myanmar exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Myanmar totaled +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+45.1% per year) and the UK (+69.8% per year).

In value terms, the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Thailand were Myanmar ($X), the United States ($X) and the UK ($X), with a combined 57% share of total exports. These countries were followed by Germany, Japan, Malaysia, China, Cambodia and Australia, which together accounted for a further 29%.

China, with a CAGR of +93.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, declining by -6.5% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2019 an increase of 20%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Myanmar ($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 South Korea (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Thailand

In 2021, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Thailand soared to X tons, rising by 24% on the previous year. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. 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

China (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Thailand, together comprising 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Thailand were China ($X), Malaysia ($X) and Japan ($X), together accounting for 90% of total imports. Taiwan (Chinese) lagged somewhat behind, comprising a further 6.1%.

Taiwan (Chinese), with a CAGR of +20.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, surging by 33% against the previous year. In general, the import price, however, showed a perceptible setback. 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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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