The import of glass fibres and glass wool to South Africa shows fluctuating trends from 2013 to 2023. The highest value recorded was in 2014, while 2023 saw imports standing at 40.735 Million US Dollars. 2020 experienced a drastic decline of -16.05% year-on-year due to global disruptions, yet a significant recovery was noted in 2021 with a 21.82% increase. The compound annual growth rate (CAGR) over the last five years is 1.22%, indicating moderate growth.
Future trends to watch for include:
- Projected steady growth with a 5-year CAGR of 0.83%.
- Technological advancements in glass fibre production.
- Increasing demand driven by construction and automotive sectors.
- Potential global economic fluctuations impacting import values.
