ASEAN: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in ASEAN

In 2022, after four years of growth, there was decline in the ASEAN glass fibre fabrics market, when its value decreased by X% to $X. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then dropped slightly in the following year.

Glass Fibre Fabrics Production in ASEAN

In value terms, glass fibre fabrics production surged to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Glass Fibre Fabrics Exports

Exports in ASEAN

Glass fibre fabrics exports reduced to X tons in 2022, falling by X% compared with the previous year. Total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass fibre fabrics exports stood at $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand represented the major exporter of glass fibre fabrics in ASEAN, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) held the second position in the ranking, distantly followed by Singapore (X tons), Cambodia (X tons) and Vietnam (X tons). All these countries together held near X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%), Cambodia (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cambodia, Malaysia and Thailand increased by X, X and X percentage points, respectively.

In value terms, the largest glass fibre fabrics supplying countries in ASEAN were Thailand ($X), Malaysia ($X) and Vietnam ($X), together accounting for X% of total exports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Glass Fibre Fabrics Imports

Imports in ASEAN

In 2022, overseas purchases of glass fibre fabrics decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, glass fibre fabrics imports fell notably to $X in 2022. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2022, Vietnam (X tons) and Malaysia (X tons) represented the main importers of glass fibre fabrics in ASEAN, together finishing at approx. X% of total imports. Indonesia (X tons) ranks next in terms of the total imports with a X% share, followed by Singapore (X%) and the Philippines (X%). Thailand (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest glass fibre fabrics importing markets in ASEAN were Malaysia ($X), Vietnam ($X) and Singapore ($X), together accounting for X% of total imports. The Philippines, Indonesia and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a mild descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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