Overview of the Global Market for Glass Fibres and Glass Fibre Articles

Market Size for Glass Fibres and Glass Fibre Articles

The global glass fibre and article market stood at $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Glass Fibres and Glass Fibre Articles

In value terms, glass fibre and article production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports

In 2022, global glass fibre and article exports shrank dramatically to X tons, with a decrease of X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, glass fibre and article exports shrank to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

China represented the main exporter of glass fibres and glass fibre articles in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Belgium (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). The following exporters - France (X tons), the United States (X tons), Germany (X tons), the Czech Republic (X tons), Mexico (X tons), the UK (X tons), the Netherlands (X tons), Russia (X tons), Bahrain (X tons) and Slovakia (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Russia (X%), Germany (X%), Malaysia (X%), Belgium (X%), Mexico (X%), the UK (X%), the Netherlands (X%) and France (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The Czech Republic and Slovakia experienced a relatively flat trend pattern. By contrast, the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of global exports. Belgium, France, Malaysia, the UK, Mexico, the Czech Republic, the Netherlands, Slovakia, Russia and Bahrain lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre and article export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Glass Fibres and Glass Fibre Articles

Imports

In 2022, the amount of glass fibres and glass fibre articles imported worldwide declined to X tons, almost unchanged from the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, glass fibre and article imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X tons) and Germany (X tons) were the key importers of glass fibres and glass fibre articlesacross the globe, together accounting for approx. X% of total imports. It was followed by France (X tons), making up a X% share of total imports. Italy (X tons), Canada (X tons), India (X tons), Turkey (X tons), South Korea (X tons), Mexico (X tons), Belgium (X tons), the Netherlands (X tons), Poland (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest glass fibre and article importing markets worldwide were the United States ($X), Germany ($X) and France ($X), together comprising X% of global imports. Mexico, Italy, Canada, South Korea, Turkey, Poland, Spain, the Netherlands, India and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre and article import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while India ($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 (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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