In 2023, China dominated the global export market for slivers, rovings, yarn, and chopped strands of glass with substantial growth, reflecting a 2.37% year-on-year increase. Following China, Malaysia experienced significant growth at 4.67%, with other notable increases in Bahrain (4.96%) and Saudi Arabia (5.34%). On the decline were countries like Spain (-10.39%) and Macedonia (-29.24%). The CAGR over the past five years presents an average steady growth for major exporters, particularly in emerging markets and innovation-driven countries.
Future trends to watch include technological advancements in glass fiber production and market diversification. Countries with increasing percentages like China, Malaysia, and Bahrain are likely to expand their market share through enhanced production capabilities and strategic partnerships. Increased investment in eco-friendly production and new composites may shift the demand and drive growth in specific regions.
Top countries in Export of Slivers, Rovings, Yarn and Chopped Strands of Glass Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 28.35 | 2023 | +2.93% | +2.37% | View data |
| 2 | 2 Malaysia | 13.83 | 2023 | +3.76% | +4.67% | View data |
| 3 | 3 Belgium | 8.62 | 2023 | +0.69% | +0.89% | View data |
| 4 | 4 United States | 5.92 | 2023 | -0.066% | +0.85% | View data |
| 5 | 5 France | 5.48 | 2023 | +0.43% | +0.99% | View data |
| 6 | 6 Mexico | 5.2 | 2023 | +2.37% | +2% | View data |
| 7 | 7 Netherlands | 4.89 | 2023 | +2.43% | +1.92% | View data |
| 8 | 8 Slovakia | 4.1 | 2023 | +1.68% | +2.12% | View data |
| 9 | 9 Japan | 3.66 | 2023 | -0.53% | -1.26% | View data |
| 10 | 10 United Kingdom | 2.73 | 2023 | -0.84% | -0.94% | View data |
