Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China - 2024
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China (FOB) - 2024
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China (CIF) - 2022
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China (FOB) - 2024
In December 2023, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,556 per ton, rising by 4.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 11% against the previous month. As a result, the export price reached the peak level of $1,661 per ton. From April 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Vietnam ($2,554 per ton), while the average price for exports to Indonesia ($977 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $6,968 per ton in 2022, jumping by 20% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) increased by +87.7% against 2015 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($17,502 per ton), while the price for Malaysia ($1,625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China
Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from China rose rapidly to 1.9M tons in 2022, surging by 10% on 2021. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) rose notably to $3.5B in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 297 | 244 | 312 | 454 | 15.2% |
| India | 162 | 138 | 205 | 328 | 26.5% |
| South Korea | 193 | 211 | 294 | 288 | 14.3% |
| Japan | 162 | 143 | 167 | 170 | 1.6% |
| Turkey | 67.6 | 87.0 | 161 | 167 | 35.2% |
| Vietnam | 120 | 135 | 147 | 151 | 8.0% |
| Thailand | 80.8 | 80.7 | 118 | 133 | 18.1% |
| Mexico | 41.4 | 32.7 | 69.5 | 99.6 | 34.0% |
| Russia | 60.8 | 55.2 | 113 | 96.0 | 16.4% |
| Brazil | 35.3 | 35.9 | 69.5 | 83.0 | 33.0% |
| United Arab Emirates | 65.0 | 46.7 | 73.1 | 74.7 | 4.7% |
| Canada | 50.2 | 40.6 | 57.7 | 72.2 | 12.9% |
| Saudi Arabia | 52.1 | 41.2 | 65.2 | 66.6 | 8.5% |
| Others | 994 | 897 | 1,293 | 1,313 | 9.7% |
| Total | 2,380 | 2,189 | 3,146 | 3,496 | 13.7% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from China in 2022:
- United States (263.6K tons)
- India (209.1K tons)
- South Korea (166.9K tons)
- Japan (90.2K tons)
- Turkey (80.3K tons)
- Thailand (65.6K tons)
- Mexico (62.0K tons)
- Russia (59.4K tons)
- Vietnam (54.9K tons)
- Brazil (54.8K tons)
- Saudi Arabia (51.8K tons)
- United Arab Emirates (48.4K tons)
- Canada (46.0K tons)
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China
In 2022, supplies from abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -30% to 130K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, imports reached the peak of 187K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) contracted markedly to $905M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of $1.1B, and then declined markedly in the following year.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 243 | 271 | 307 | 219 | -3.4% |
| Japan | 196 | 197 | 192 | 183 | -2.3% |
| United States | 130 | 116 | 161 | 146 | 3.9% |
| South Korea | 37.8 | 43.8 | 71.1 | 58.7 | 15.8% |
| Malaysia | 71.9 | 69.4 | 57.7 | 56.5 | -7.7% |
| Germany | 46.4 | 43.3 | 42.1 | 36.1 | -8.0% |
| Thailand | 16.4 | 20.6 | 24.8 | 30.0 | 22.3% |
| Belgium | 18.0 | 14.6 | 9.2 | 7.6 | -25.0% |
| India | 7.3 | 4.9 | 2.1 | 2.4 | -31.0% |
| Others | 153 | 177 | 211 | 166 | 2.8% |
| Total | 920 | 957 | 1,078 | 905 | -0.5% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to China in 2022:
- Taiwan (Chinese) (41.6K tons)
- Malaysia (34.8K tons)
- Japan (13.5K tons)
- United States (8.3K tons)
- Thailand (6.6K tons)
- South Korea (6.0K tons)
- Germany (3.5K tons)
- Belgium (2.6K tons)
- India (2.5K tons)
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