Report Update May 1, 2024

Puerto Rico - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Puerto Rico

The Puerto Rican glass fibres and wool market dropped to $X in 2021, declining by -6.2% against the previous year. Overall, consumption, however, recorded a mild contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Glass Fibres And Glass Wool in Puerto Rico

In value terms, glass fibres and wool production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 85%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Glass Fibres And Glass Wool

Exports by Country

China was the major exporting country with an export of around X tons, which finished at 31% of total exports. It was distantly followed by Belgium (X tons), Spain (X tons) and Germany (X tons), together committing a 24% share of total exports. Mexico (X tons), India (X tons), South Korea (X tons), Malaysia (X tons), Saudi Arabia (X tons), Egypt (X tons), the United States (X tons), Finland (X tons) and Kuwait (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +9.5% from 2012 to 2021. At the same time, Egypt (+320.4%), Mexico (+11.7%), India (+10.5%), South Korea (+6.5%), Belgium (+6.5%), Spain (+5.2%) and Germany (+3.3%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +320.4% from 2012-2021. Finland experienced a relatively flat trend pattern. By contrast, Malaysia (-2.6%), Saudi Arabia (-4.9%), Kuwait (-6.6%) and the United States (-19.2%) illustrated a downward trend over the same period. While the share of China (+15 p.p.), Belgium (+2.8 p.p.), Egypt (+2.4 p.p.), Spain (+2.1 p.p.), Mexico (+2 p.p.) and India (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Saudi Arabia (-2.1 p.p.), Kuwait (-2.1 p.p.) and the United States (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibres and wool supplier from Puerto Rico, comprising 27% of global exports. The second position in the ranking was held by the United States ($X), with an 11% share of global exports. It was followed by Germany, with an 8.5% share.

In China, glass fibres and wool exports expanded at an average annual rate of +9.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (+0.3% per year) and Germany (+6.5% per year).

Imports of Glass Fibres And Glass Wool

Imports by Country

In 2021, the United States (X tons) and France (X tons) represented the main importers of glass fibres and glass woolaround the world, together committing 27% of total imports. Mexico (X tons) took the next position in the ranking, followed by Germany (X tons). All these countries together took approx. 14% share of total imports. South Korea (X tons), India (X tons), China (X tons), Canada (X tons), Japan (X tons), Vietnam (X tons), the UK (X tons), Denmark (X tons) and Saudi Arabia (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibres and wool importing markets into Puerto Rico were China ($X), the United States ($X) and Mexico ($X), together comprising 33% of total imports. These countries were followed by Germany, France, South Korea, Japan, the UK, India, Canada, Vietnam, Denmark and Saudi Arabia, which together accounted for a further 33%.

Among the main importing countries, Vietnam, with a CAGR of +17.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibres and glass wool in the world?

The country with the largest volume of glass fibres and wool consumption was the United States, comprising approx. 53% of total volume. Moreover, glass fibres and wool consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was taken by India, with a 4.6% share.

What are the largest producers of glass fibres and glass wool in the world?

The country with the largest volume of glass fibres and wool production was the United States, comprising approx. 53% of total volume. Moreover, glass fibres and wool production in the United States exceeded the figures recorded by the second-largest producer, China, fourfold. India ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of glass fibres and glass wool to Puerto Rico?

In value terms, the largest glass fibres and wool importing markets into Puerto Rico were China, the United States and Mexico, with a combined 33% share of total imports. Germany, France, South Korea, Japan, the UK, India, Canada, Vietnam, Denmark and Saudi Arabia lagged somewhat behind, together comprising a further 33%.

What are the leading importers of glass fibres and glass wool from Puerto Rico?

In value terms, China remains the largest glass fibres and wool supplier from Puerto Rico, comprising 27% of global exports. The second position in the ranking was taken by the United States, with an 11% share of global exports. It was followed by Germany, with an 8.5% share.

This report provides an in-depth analysis of the market for glass fibres and wool in Puerto Rico. 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 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023