U.S.: 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 the U.S.

The U.S. market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in the U.S.

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2021. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

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

Exports from the U.S.

In 2021, after three years of decline, there was significant growth in shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when their volume increased by 35% to X tons. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from the United States, accounting for a 41% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Mexico exceeded the volume sent to the second major destination, Canada (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+3.4% per year) and Turkey (+37.0% per year).

In value terms, Mexico ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from the United States, comprising 30% of total exports. The second position in the ranking was held by Canada ($X), with a 14% share of total exports. It was followed by Belgium, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Mexico amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+1.7% per year) and Belgium (-1.6% per year).

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 -6.6% against the previous year. Over the period under review, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2016 an increase of 10% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 Belgium ($X per ton), while the average price for exports to Turkey ($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 Belgium (+4.5%), while the prices for the other major destinations experienced a decline.

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

Imports into the U.S.

After two years of decline, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 12% to X tons in 2021. The total import volume 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. The pace of growth was the most pronounced in 2018 when imports increased by 26%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of remained at a lower figure.

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 slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 25%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Mexico (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to the United States, with a combined 79% share of total imports. These countries were followed by Taiwan (Chinese), Bahrain and Japan, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +40.8%), 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 the United States were Mexico ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 75% share of total imports. Malaysia, Bahrain and Japan lagged somewhat behind, together comprising a further 12%.

Among the main suppliers, Bahrain, with a CAGR of +38.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, surging by 11% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Mexico (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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