Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India (CIF) - 2023
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India (CIF) - 2023
In November 2023, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,223 per ton, stabilizing at the previous month. Overall, the import price showed a slight slump. The most prominent rate of growth was recorded in March 2023 an increase of 8.6% against the previous month. The import price peaked at $1,513 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($1,204 per ton), while the price for Egypt ($459 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India (FOB) - 2022
In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2,584 per ton, declining by -5.6% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) increased by +23.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 48%. The export price peaked at $3,000 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,753 per ton), while the average price for exports to China ($446 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India
In 2022, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into India surged to 284K tons, growing by 56% on 2021. Over the period under review, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $447M in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 143 | 108 | 165 | 298 | 27.7% |
| Malaysia | 22.1 | 21.8 | 25.3 | 26.0 | 5.6% |
| United States | 18.9 | 18.6 | 17.2 | 15.3 | -6.8% |
| Thailand | 7.9 | 4.7 | 4.9 | 14.2 | 21.6% |
| Taiwan (Chinese) | 4.1 | 3.3 | 14.3 | 11.6 | 41.4% |
| Bahrain | 7.3 | 7.6 | 12.6 | 11.2 | 15.3% |
| South Korea | 5.1 | 3.5 | 5.6 | 5.9 | 5.0% |
| Egypt | 10.1 | 7.5 | 8.7 | 0.6 | -61.0% |
| Others | 53.0 | 46.8 | 71.2 | 64.0 | 6.5% |
| Total | 271 | 222 | 325 | 447 | 18.2% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to India in 2022:
- China (193.1K tons)
- Malaysia (29.5K tons)
- Bahrain (16.1K tons)
- Thailand (8.0K tons)
- Taiwan (Chinese) (7.0K tons)
- United States (5.2K tons)
- South Korea (4.7K tons)
- Egypt (0.7K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India
In 2022, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from India skyrocketed to 71K tons, increasing by 23% compared with the year before. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) soared to $183M in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.4 | 26.3 | 58.4 | 65.5 | 55.6% |
| Belgium | 10.6 | 9.4 | 8.7 | 16.8 | 16.6% |
| Brazil | 4.2 | 7.5 | 7.6 | 14.1 | 49.7% |
| Germany | 6.3 | 6.8 | 10.5 | 10.8 | 19.7% |
| Spain | 6.8 | 13.1 | 11.0 | 8.6 | 8.1% |
| United Arab Emirates | 5.6 | 9.3 | 6.2 | 8.1 | 13.1% |
| Morocco | 1.8 | 1.2 | 2.9 | 2.8 | 15.9% |
| China | 8.0 | 4.8 | 4.0 | 2.5 | -32.1% |
| United Kingdom | 1.9 | 2.8 | 4.0 | 2.4 | 8.1% |
| Portugal | 0.2 | 1.0 | 1.6 | 2.1 | 119.0% |
| Poland | 0.8 | 0.7 | 1.6 | 1.7 | 28.6% |
| Others | 32.3 | 28.3 | 40.6 | 47.5 | 13.7% |
| Total | 95.9 | 111 | 157 | 183 | 24.0% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from India in 2022:
- United States (19.6K tons)
- Belgium (7.4K tons)
- Brazil (6.4K tons)
- China (5.6K tons)
- Germany (5.3K tons)
- Spain (4.8K tons)
- Morocco (2.5K tons)
- United Arab Emirates (1.7K tons)
- Portugal (1.4K tons)
- United Kingdom (1.2K tons)
- Poland (1.1K tons)
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