Ukraine: 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 Ukraine

The Ukrainian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Ukraine

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles fell to $X in 2021 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +30.0% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 73% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

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

Exports from Ukraine

After two years of decline, shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 7.4% to X tons in 2021. Over the period under review, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 12%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reached $X in 2021. In general, exports, however, recorded a abrupt decline. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Ukraine, with a 92% share of total exports. It was followed by India (X tons), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -7.2%.

In value terms, Russia ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from Ukraine, comprising 91% of total exports. The second position in the ranking was held by India ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -8.9%.

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, picking up by 1.7% against the previous year. Overall, the export price, however, saw a mild decrease. The growth pace was the most rapid in 2017 when the average export price increased by 6.8%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.4%).

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

Imports into Ukraine

In 2021, supplies from abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 24% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 +31.7% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 31%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain 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. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belarus (X tons), China (X tons) and Russia (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Ukraine, together comprising 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +21.1%), while imports 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 Ukraine were Belarus ($X), China ($X) and Russia ($X), with a combined 70% share of total imports. These countries were followed by Japan, the UK and France, which together accounted for a further 15%.

Japan, with a CAGR of +14.4%, recorded the highest growth rate of the value of imports, in terms of 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, increasing by 9.7% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Russia ($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 (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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