China leads the global export market for woven fabric of glass fibers, holding the largest share at 17.95%, with a notable year-on-year growth rate of 2.94% and consistent increases over the past five years. The United States and Germany follow, although their growth rates are more moderate. Germany, closely following the U.S., posted a smaller growth rate of 1.42%. Notable growth can be observed in emerging markets like India and Serbia, with year-on-year rates of 4.85% and 4.56%, respectively. However, some European countries like France and Spain have seen a decline in their shares.
Future trends to watch include a continued shift towards Asian markets, primarily driven by China's expanding manufacturing capabilities. Emerging markets in Eastern Europe and smaller Asian economies are likely to see increased export shares. Conversely, established Western markets may experience slower growth or even declines, as competition increases and advancements in manufacturing technology shift the dynamics of global supply chains. The increasing focus on sustainability and advancements in material science could significantly impact future market trajectories.
Top countries in Export of Woven Fabric of Glass Fibres Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 17.95 | 2023 | +2.28% | +2.94% | View data |
| 2 | 2 United States | 10.4 | 2023 | +1.97% | +2.24% | View data |
| 3 | 3 Germany | 10.22 | 2023 | +1.51% | +1.42% | View data |
| 4 | 4 Czech Republic | 9.86 | 2023 | +2.7% | +1.97% | View data |
| 5 | 5 Japan | 7.33 | 2023 | +2.55% | +3.73% | View data |
| 6 | 6 France | 5.98 | 2023 | +0.052% | -0.67% | View data |
| 7 | 7 Belgium | 4.8 | 2023 | +2.36% | +2.05% | View data |
| 8 | 8 United Kingdom | 3.5 | 2023 | -0.32% | -0.8% | View data |
| 9 | 9 Latvia | 2.98 | 2023 | +2.3% | +3.47% | View data |
| 10 | 10 Mexico | 2.75 | 2023 | +2.59% | +3.4% | View data |
