Ethiopia - 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 Ethiopia - 2022
Contents:
- Price for Glass Fibre and Article in Ethiopia (CIF) - 2022
- Price for Glass Fibre and Article in Ethiopia (FOB) - 2022
- Imports of Glass Fibre and Article in Ethiopia
- Exports of Glass Fibre and Article in Ethiopia
Price for Glass Fibre and Article in Ethiopia (CIF) - 2022
The average glass fibre and article import price stood at $2,593 per ton in 2022, picking up by 6.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 36%. The import price peaked at $2,654 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 Italy ($4,626 per ton), while the price for the United Arab Emirates ($2,261 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibre and Article in Ethiopia (FOB) - 2022
The average glass fibre and article export price stood at $4,100 per ton in 2022, reducing by -19.4% against the previous year. Over the period under review, the export price, however, posted a significant increase. The pace of growth was the most pronounced in 2017 an increase of 78% against the previous year. Over the period under review, the average export prices hit record highs at $5,600 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Rwanda.
From 2013 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +152.5% per year.
Imports of Glass Fibre and Article in Ethiopia
In 2022, approx. 2.4K tons of glass fibres and glass fibre articles were imported into Ethiopia; jumping by 33% against the year before. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
In value terms, glass fibre and article imports soared to $6.3M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. As a result, imports attained the peak of $6.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Glass Fibre and Article in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 5.7 | 3.3 | 5.3 | 19.6% |
| United Arab Emirates | 0.5 | 0.3 | 0.6 | 0.6 | 6.3% |
| Italy | N/A | 0.1 | N/A | 0.2 | 41.4% |
| South Korea | 0.3 | 0.2 | 0.3 | N/A | 0.0% |
| Others | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Total | 4.3 | 6.7 | 4.4 | 6.3 | 13.6% |
Top Suppliers of Glass Fibre and Article to Ethiopia in 2022:
- China (2092.0 tons)
- United Arab Emirates (258.7 tons)
- Italy (42.1 tons)
- South Korea (8.8 tons)
Exports of Glass Fibre and Article in Ethiopia
In 2022, approx. 10 kg of glass fibres and glass fibre articles were exported from Ethiopia; falling by -98.9% compared with 2021. Over the period under review, exports showed a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 5,767% against the previous year. As a result, the exports reached the peak of 880 kg, and then shrank markedly in the following year.
In value terms, glass fibre and article exports fell rapidly to $41 in 2022. In general, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 5,229%. As a result, the exports attained the peak of $4.5K, and then dropped significantly in the following year.
| Export of Glass Fibre and Article in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | N/A | N/A | N/A | 41.0 | 0% |
| Nigeria | N/A | N/A | 1,336 | N/A | 0% |
| France | 10.0 | N/A | N/A | N/A | 0% |
| Zambia | N/A | N/A | 35.0 | N/A | 0% |
| Oman | N/A | N/A | 2,119 | N/A | 0% |
| Egypt | N/A | N/A | 986 | N/A | 0% |
| Others | 112 | 84.0 | N/A | N/A | -25.0% |
| Total | 122 | 84.0 | 4,476 | 41.0 | -30.5% |
Top Export Markets for Glass Fibre and Article from Ethiopia in 2022:
- Rwanda (10.0 kg)
This report provides an in-depth analysis of the market for glass fibre and article in Ethiopia. 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:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- 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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2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
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2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
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