The 2011 Import and Export Market for Glass Fiber Slivers, Rovings, Yarn, and Chopped Strands in China by ICONGroup


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									 The 2011 Import and Export
Market for Glass Fiber Slivers,
Rovings, Yarn, and Chopped
      Strands in China

                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)                                      ©2011 ICON Group Ltd.

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this report.                                                                   ©2011 ICON Group Ltd.

                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.

                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.

Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.                                                    ©2011 ICON Group Ltd.

                           About ICON Group Ltd.
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                                                 Contents        v

Table of Contents
1     INTRODUCTION AND METHODOLOGY                           8
2     CHINA AND THE WORLD MARKET                            10
    2.1     Imports in China in 2011                        10
    2.2     Exports from China in 2011                      11
3     IMPORTS IN CHINA                                      12
    3.1      Asia                                           12
       3.1.1    China                                       12
       3.1.2    Hong Kong                                   13
       3.1.3    India                                       14
       3.1.4    Japan                                       15
       3.1.5    Malaysia                                    16
       3.1.6    Singapore                                   17
       3.1.7    South Korea                                 18
       3.1.8    Taiwan                                      19
       3.1.9    Thailand                                    20
    3.2      Europe                                         21
       3.2.1    Belgium                                     21
       3.2.2    Czech Republic                              22
       3.2.3    Denmark                                     23
       3.2.4    France                                      24
       3.2.5    Germany                                     25
       3.2.6    Hungary                                     26
       3.2.7    Italy                                       27
       3.2.8    Norway                                      28
       3.2.9    Spain                                       29
       3.2.10 Sweden                                        30
       3.2.11 Switzerland                                   30
       3.2.12 the Netherlands                               31
       3.2.13 the United Kingdom                            32
    3.3      Latin America                                  33
       3.3.1    Brazil                                      33
       3.3.2    Mexico                                      34
    3.4      North America & the Caribbean                  35
       3.4.1    Canada                                      35
       3.4.2    the United States                           36
    3.5      the Middle East                                37
       3.5.1    Saudi Arabia                                37
4     EXPORTS FROM CHINA                                    38
    4.1      Africa                                         38
       4.1.1   Morocco                                      38
       4.1.2   South Africa                                 39
       4.1.3   Tanzania                                     39
    4.2      Asia                                           40
       4.2.1   China                                        40
       4.2.2   Hong Kong                                    41
       4.2.3   India                                        42
       4.2.4   Indonesia                                    43
       4.2.5   Japan                                        44                      ©2011 ICON Group Ltd.
                                               Contents        vi

     4.2.6    Malaysia                                    45
     4.2.7    Philippines                                 46
     4.2.8    Singapore                                   47
     4.2.9    South Korea                                 48
     4.2.10 Taiwan                                        49
     4.2.11 Thailand                                      50
  4.3      Europe                                         51
     4.3.1    Austria                                     51
     4.3.2    Belgium                                     52
     4.3.3    Bulgaria                                    53
     4.3.4    Croatia                                     54
     4.3.5    Denmark                                     55
     4.3.6    Finland                                     56
     4.3.7    France                                      57
     4.3.8    Germany                                     58
     4.3.9    Greece                                      59
     4.3.10 Hungary                                       59
     4.3.11 Ireland                                       60
     4.3.12 Italy                                         61
     4.3.13 Latvia                                        62
     4.3.14 Macedonia                                     62
     4.3.15 Norway                                        63
     4.3.16 Poland                                        64
     4.3.17 Romania                                       65
     4.3.18 Russia                                        66
     4.3.19 Slovakia                                      67
     4.3.20 Slovenia                                      68
     4.3.21 Spain                                         69
     4.3.22 Sweden                                        70
     4.3.23 the Netherlands                               71
     4.3.24 the United Kingdom                            72
     4.3.25 Ukraine                                       73
  4.4      Latin America                                  73
     4.4.1    Argentina                                   73
     4.4.2    Brazil                                      74
     4.4.3    Colombia                                    74
     4.4.4    Costa Rica                                  75
     4.4.5    Ecuador                                     75
     4.4.6    Mexico                                      76
  4.5      North America & the Caribbean                  77
     4.5.1    Canada                                      77
     4.5.2    the United States                           78
  4.6      Oceana                                         79
     4.6.1    Australia                                   79
     4.6.2    New Zealand                                 79
  4.7      the Middle East                                80
     4.7.1    Iran                                        80
     4.7.2    Israel                                      81
     4.7.3    Oman                                        81
     4.7.4    Pakistan                                    82
     4.7.5    Qatar                                       82
     4.7.6    Saudi Arabia                                83
     4.7.7    Turkey                                      84                    ©2011 ICON Group Ltd.
                                                          Contents        vii

    5.1   Disclaimers & Safe Harbor                                  85
    5.2   ICON Group Ltd. User Agreement Provisions                  86                               ©2011 ICON Group Ltd.
                             Glass Fiber Slivers, Rovings, Yarn, and Chopped Strands in China     8

On the demand side, exporters and strategic planners focusing on glass fiber slivers, rovings,
yarn, and chopped strands in China face a number of questions. Which countries are supplying
glass fiber slivers, rovings, yarn, and chopped strands to China? How important is China
compared to others in terms of the entire global and regional market? How much do the imports
of glass fiber slivers, rovings, yarn, and chopped strands vary from one country of origin to
another in China? On the supply side, China also exports glass fiber slivers, rovings, yarn, and
chopped strands. Which countries receive the most exports from China? How are these exports
concentrated across buyers? What is the value of these exports and which countries are the
largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for glass fiber slivers, rovings, yarn,
and chopped strands in China. With the globalization of this market, managers can no longer be
contented with a local view. Nor can managers be contented with out-of-date statistics which
appear several years after the fact. I have developed a methodology, based on macroeconomic
and trade models, to estimate the market for glass fiber slivers, rovings, yarn, and chopped
strands for those countries serving China via exports, or supplying from China via imports. It
does so for the current year based on a variety of key historical indicators and econometric

In what follows, Chapter 2 begins by summarizing where China fits into the world market for
imported and exported glass fiber slivers, rovings, yarn, and chopped strands. The total level of
imports and exports on a worldwide basis, and those for China in particular, is estimated using a
model which aggregates across over 150 key country markets and projects these to the current
year. From there, each country represents a percent of the world market. This market is served
from a number of competitive countries of origin. Based on both demand- and supply-side
dynamics, market shares by country of origin are then calculated across each country market
destination. These shares lead to a volume of import and export values for each country and are
aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood
estimates of both the value of each market and the share that China is likely to receive this year.
From these figures, rankings are calculated to allow managers to prioritize China compared to
other major country markets. In this way, all the figures provided in this report are forecasts that
can be combined with internal information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of glass fiber slivers,
rovings, yarn, and chopped strands, Chapter 3 goes into detail on imports, but for each major
country of origin serving China. A “major” market is defined as a country where China
represents a substantially large share of either imports or exports. For each major country
exporting to China, one can thus observe how important China is to that exporting country
compared to other countries of the world. Chapter 4 does the same, but for exports of glass fiber
slivers, rovings, yarn, and chopped strands originating from China, for each major country of                                                        ©2011 ICON Group Ltd.
                              Glass Fiber Slivers, Rovings, Yarn, and Chopped Strands in China      9

destination. In doing so, one can discover the share that China has in each major market; this
share value is often used as a measure of competitiveness for China. In all cases, the total dollar
volume and percentage share values by major trading partner are provided. Combined, Chapters
3 and 4 present a the total picture for imports and exports of glass fiber slivers, rovings, yarn, and
chopped strands to and from China to and from all other major countries in the world. "Glass
Fiber Slivers, Rovings, Yarn, and Chopped Strands" as a category is defined in this report
following the definition given by the United Nations Statistics Division Classification Registry
using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code
that defined "glass fiber slivers, rovings, yarn, and chopped strands" is 65195 . For more
information on this definition, please refer to the following web site: .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.                                                         ©2011 ICON Group Ltd.
                               Glass Fiber Slivers, Rovings, Yarn, and Chopped Strands in China       10

2.1         IMPORTS IN CHINA IN 2011
 Imported Glass Fiber Slivers, Rovings, Yarn, and Chopped Strands in China, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
Taiwan                            1                   88,530                50.88                  50.88
Japan                             2                   29,558                16.99                  67.86
South Korea                       3                   15,920                 9.15                  77.01
the United States                 4                   15,122                 8.69                  85.70
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