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 expanded remarkably to $X in 2022, rising 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 relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Glass Fibres and Glass Fibre Articles

In value terms, glass fibre and article production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports

Global glass fibre and article exports declined to X tons in 2022, shrinking by X% against the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, glass fibre and article exports dropped to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat 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 reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, China (X tons) represented the main exporter of glass fibres and glass fibre articles, achieving X% of total exports. Belgium (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). France (X tons), the United States (X tons), Germany (X tons), Taiwan (Chinese) (X tons), the Czech Republic (X tons), Mexico (X tons), the UK (X tons), the Netherlands (X tons), Bahrain (X tons) and Slovakia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre and article exports from China stood at X%. At the same time, Bahrain (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, Slovakia and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, the United States (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) decreased significantly, 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) were the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Belgium, France, Malaysia, the UK, Mexico, the Czech Republic, Taiwan (Chinese), the Netherlands, Slovakia and Bahrain lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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, increasing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 dropped slightly to X tons, waning by X% on 2021. The total import volume increased at an average annual rate of X% over the period 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 reduced modestly in the following year.

In value terms, glass fibre and article imports totaled $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 throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) and Germany (X tons) represented the largest importers of glass fibres and glass fibre articlesin the world, together recording approx. X% of total imports. It was followed by France (X tons), mixing 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) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of X%), while imports 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), with a combined X% share of global imports. Mexico, Italy, Canada, South Korea, Turkey, Poland, Spain, the Netherlands, India and Belgium lagged somewhat behind, together comprising a further X%.

In terms of 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, growing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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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