China's glass fiber industry third quarterly report: market demand is lower than expected and overall profits continue to decline.
2024-10-23
In the third quarter of 2023, the export situation generally improved, with monthly export volumes increasing to varying degrees in July, August and September. degrees compared with the same period last year, among which the monthly export volume of glass fiber and products in September was 147,600 tons, an increase of 23.80% over last year. The scale of exports continued to grow in the third quarter. On the one hand, this is due to the restoration of general demand in foreign markets, on the other hand, this is also due to the active reduction of inventories of domestic enterprises.
In terms of export structure, the export volume of the three main categories of fibers and chopped mats, mechanically bonded fabrics and fiberglass impregnated products from January to September was 943,800 tons, 332,400 tons and 151,100 tons, respectively, amounting to 66 tons. %, 23% and 11%. Among the 34 specific tax items, the top five exported products in the first three quarters include untwisted fiberglass roving, chopped fiberglass strands of no more than 50 mm in length, chemical bonded fiberglass mats and unlisted fiberglass products (70199099), Compact fiberglass roving woven materials, export volumes were 558 400 tons, 197,400 tons, 124,400 tons, 92,300 tons and 53,700 tons respectively. These five items together accounted for 71.90% of total exports in the first three quarters.
