U.S.: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in the U.S.

The U.S. glass fibre fabrics market rose notably to $X in 2022, surging by 9.3% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Fibre Fabrics Production in the U.S.

In value terms, glass fibre fabrics production rose remarkably to $X in 2022. Overall, production posted temperate growth. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Glass Fibre Fabrics Exports

Exports from the U.S.

Glass fibre fabrics exports from the United States declined to X tons in 2022, with a decrease of -5% on the year before. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 15%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass fibre fabrics exports fell modestly to $X in 2022. Over the period under review, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 13%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for glass fibre fabrics exports from the United States, with a 29% share of total exports. Moreover, glass fibre fabrics exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-20.3% per year) and Italy (-3.8% per year).

In value terms, the largest markets for glass fibre fabrics exported from the United States were Mexico ($X), Canada ($X) and China ($X), with a combined 55% share of total exports. Italy, Japan, Germany, the UK, South Korea, Costa Rica, Australia and Spain lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Germany, with a CAGR of +12.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price saw a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 126%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into the U.S.

In 2022, imports of glass fibre fabrics into the United States reduced to X tons, waning by -12.4% on 2021. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, glass fibre fabrics imports fell to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 12%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibre fabrics supplier to the United States, accounting for a 45% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-1.9% per year) and Taiwan (Chinese) (+1.3% per year).

In value terms, the largest glass fibre fabrics suppliers to the United States were Mexico ($X), China ($X) and Germany ($X), together accounting for 60% of total imports. South Korea, Taiwan (Chinese), Canada, Latvia, the UK, Japan, Italy and India lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, India, with a CAGR of +61.5%, 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

In 2022, the average glass fibre fabrics import price amounted to $X per ton, increasing by 8.1% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre fabrics import price decreased by -3.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 59% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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