Hong Kong SAR, China - Voiles, Webs, Mats And Other Articles Of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Fiber Price in Hong Kong SAR - 2023
Contents:
- Glass Fiber Price in Hong Kong SAR (FOB) - 2022
- Glass Fiber Price in Hong Kong SAR (CIF) - 2022
- Glass Fiber Exports in Hong Kong SAR
- Glass Fiber Imports in Hong Kong SAR
Glass Fiber Price in Hong Kong SAR (FOB) - 2022
In 2022, the average glass fiber export price amounted to $10,513 per ton, which is down by -3.8% against the previous year. In general, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2013 an increase of 178% against the previous year. The export price peaked at $14,141 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($11,769 per ton), while the average price for exports to China totaled $10,276 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.4%).
Glass Fiber Price in Hong Kong SAR (CIF) - 2022
The average glass fiber import price stood at $8,187 per ton in 2022, increasing by 12% against the previous year. In general, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 73% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($10,601 per ton), while the price for Malaysia ($4,211 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Glass Fiber Exports in Hong Kong SAR
After three years of growth, shipments abroad of voiles, webs, mats and other articles of glass fibers decreased by -15.1% to 5.1K tons in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, the exports reached the peak of 6K tons, and then shrank markedly in the following year.
In value terms, glass fiber exports shrank significantly to $54M in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 136% against the previous year.
| Export of Glass Fiber in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.9 | 40.3 | 63.4 | 48.7 | 42.3% |
| Malaysia | N/A | N/A | N/A | 2.6 | 0% |
| Others | 1.1 | 2.2 | 2.4 | 2.4 | 29.7% |
| Total | 18.0 | 42.4 | 65.8 | 53.7 | 44.0% |
Top Export Markets for Glass Fiber from Hong Kong SAR in 2022:
- China (4.7K tons)
- Malaysia (0.2K tons)
Glass Fiber Imports in Hong Kong SAR
Glass fiber imports into Hong Kong SAR contracted sharply to 4.5K tons in 2022, which is down by -15.4% against the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of 5.3K tons, and then shrank sharply in the following year.
In value terms, glass fiber imports dropped to $36M in 2022. In general, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 55%. As a result, imports reached the peak of $38M, and then declined in the following year.
| Import of Glass Fiber in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.9 | 0.9 | 1.6 | 18.7 | 174.9% |
| China | 5.7 | 8.9 | 11.3 | 7.6 | 10.1% |
| United States | 4.1 | 1.9 | 6.2 | 3.7 | -3.4% |
| Japan | 1.8 | 1.6 | 2.3 | 1.5 | -5.9% |
| Malaysia | 3.2 | 1.5 | 1.3 | 1.3 | -25.9% |
| Germany | 0.3 | 0.4 | 0.7 | 0.7 | 32.6% |
| United Kingdom | 8.1 | 6.7 | 11.6 | 0.1 | -76.9% |
| Others | 10.2 | 2.7 | 3.4 | 2.8 | -35.0% |
| Total | 34.3 | 24.7 | 38.4 | 36.5 | 2.1% |
Top Suppliers of Glass Fiber to Hong Kong SAR in 2022:
- Taiwan (Chinese) (2151.4 tons)
- China (908.5 tons)
- United States (446.6 tons)
- Malaysia (306.7 tons)
- Japan (173.7 tons)
- Germany (67.7 tons)
- United Kingdom (11.1 tons)
This report provides an in-depth analysis of the glass fiber market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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