Sri Lanka - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Fibre and Article in Sri Lanka - 2021
Contents:
- Price for Glass Fibre and Article in Sri Lanka (CIF) - 2022
- Price for Glass Fibre and Article in Sri Lanka (FOB) - 2022
- Imports of Glass Fibre and Article in Sri Lanka
- Exports of Glass Fibre and Article in Sri Lanka
Price for Glass Fibre and Article in Sri Lanka (CIF) - 2022
The average glass fibre and article import price stood at $6,227 per ton in 2022, surging by 93% against the previous year. In general, the import price continues to indicate a remarkable increase. As a result, import 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 importers, the country with the highest price was the Czech Republic ($27,669 per ton), while the price for China ($2,641 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibre and Article in Sri Lanka (FOB) - 2022
The average glass fibre and article export price stood at $11,877 per ton in 2022, reducing by -6.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices hit record highs at $21,486 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($75,589 per ton), while the average price for exports to Maldives ($1,993 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 Hong Kong SAR (+70.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibre and Article in Sri Lanka
In 2022, approx. 2.3K tons of glass fibres and glass fibre articles were imported into Sri Lanka; with a decrease of -45.4% against 2021. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. As a result, imports reached the peak of 4.2K tons, and then shrank sharply in the following year.
In value terms, glass fibre and article imports expanded rapidly to $14M in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Glass Fibre and Article in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | 0.3 | 0.9 | 3.3 | 231.7% |
| China | 3.0 | 1.9 | 4.1 | 3.3 | 3.2% |
| Taiwan (Chinese) | 2.8 | 1.4 | 3.0 | 2.9 | 1.2% |
| India | 0.4 | 0.3 | 0.8 | 0.7 | 20.5% |
| United Arab Emirates | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Hong Kong SAR | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Saudi Arabia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 3.1 | 3.4 | 4.4 | 3.4 | 3.1% |
| Total | 9.5 | 7.4 | 13.6 | 14.3 | 14.6% |
Top Suppliers of Glass Fibre and Article to Sri Lanka in 2022:
- China (1257.6 tons)
- Taiwan (Chinese) (439.3 tons)
- India (138.9 tons)
- Czech Republic (118.6 tons)
- United Arab Emirates (104.7 tons)
- Hong Kong SAR (52.7 tons)
- Saudi Arabia (40.8 tons)
Exports of Glass Fibre and Article in Sri Lanka
Glass fibre and article exports from Sri Lanka declined to 362 tons in 2022, reducing by -9.8% against the year before. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 213%. As a result, the exports reached the peak of 401 tons, and then fell in the following year.
In value terms, glass fibre and article exports declined markedly to $4.3M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 277%. As a result, the exports reached the peak of $5.1M, and then reduced sharply in the following year.
| Export of Glass Fibre and Article in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.9 | 735 | 3,336 | 1,298 | 593.0% |
| Hong Kong SAR | 0.2 | N/A | N/A | 1,003 | 1611.7% |
| United States | 774 | 491 | 1,331 | 706 | -3.0% |
| Spain | 24.6 | 3.6 | 5.7 | 411 | 155.6% |
| Norway | 314 | 54.2 | 182 | 222 | -10.9% |
| Canada | 10.6 | 3.5 | 4.1 | 128 | 129.4% |
| Maldives | 293 | 38.1 | 190 | 60.5 | -40.9% |
| Others | 119 | 19.1 | 29.2 | 464 | 57.4% |
| Total | 1,539 | 1,345 | 5,077 | 4,294 | 40.8% |
Top Export Markets for Glass Fibre and Article from Sri Lanka in 2022:
- Spain (132.3 tons)
- Canada (60.6 tons)
- United States (55.7 tons)
- Maldives (30.4 tons)
- Norway (21.8 tons)
- United Arab Emirates (20.6 tons)
- Hong Kong SAR (13.3 tons)
This report provides an in-depth analysis of the market for glass fibre and article in Sri Lanka. 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 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)
- Prodcom 23141130 - Glass fibre filaments (including rovings)
- Prodcom 23141150 - Slivers, yarns and chopped strands of filaments of glass fibres (excluding glass fibre threads cut into lengths of at least 3 mm but . .50 mm)
- Prodcom 23141170 - Staple glass fibre articles
- Prodcom 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
- Prodcom 13204600 - Woven fabrics of glass fibre (including narrow fabrics, glass wool)
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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
-
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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This report provides an in-depth analysis of the market for glass fibre and article in Sri Lanka.
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