Report Update: May 1, 2024

India - Glass Fibre Mats - Market Analysis, Forecast, Size, Trends And Insights

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Glass Fibre Mat Price in India - 2022

Glass Fibre Mat Price in India (CIF) - 2022

The average glass fibre mat import price stood at $1,396 per ton in January 2022, declining by -23.5% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 an increase of 22% month-to-month. Over the period under review, average import prices attained the maximum at $2,027 per ton in October 2021; however, from November 2021 to January 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($5,437 per ton), while the price for the United States ($514 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Glass Fibre Mat Price in India (FOB) - 2022

The average glass fibre mat export price stood at $3,166 per ton in 2022, rising by 43% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre mat export price increased by +115.8% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($7,815 per ton), while the average price for exports to Belgium ($1,934 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports in India

In 2022, the amount of glass fibre mats imported into India reduced dramatically to 2.7K tons, shrinking by -85% compared with the year before. Over the period under review, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 6.4%.

In value terms, glass fibre mat imports shrank significantly to $4.7M in 2022. In general, imports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, imports attained the peak of $28M, and then shrank rapidly in the following year.

Import of Glass Fibre Mat in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.1	5.9	10.1	1.7	-37.9%
Thailand	6.9	4.2	4.2	0.9	-49.3%
Taiwan (Chinese)	0.4	0.4	2.9	0.5	7.7%
Egypt	1.2	1.4	1.6	0.3	-37.0%
United Arab Emirates	1.9	0.7	0.2	0.2	-52.8%
South Korea	1.9	0.7	1.0	0.2	-52.8%
Saudi Arabia	0.3	0.3	0.5	0.1	-30.7%
United States	1.1	0.4	0.4	0.1	-55.0%
Malaysia	1.2	0.7	0.7	0.1	-56.3%
Spain	1.8	0.2	N/A	0.1	-61.8%
Myanmar	N/A	1.7	3.3	N/A	94.1%
Others	1.8	2.3	3.5	0.6	-30.7%
Total	25.5	19.0	28.2	4.7	-43.1%

Top Suppliers of Glass Fibre Mat to India in 2022:

China (1028.0 tons)
Thailand (543.3 tons)
Taiwan (Chinese) (252.4 tons)
Egypt (153.8 tons)
United Arab Emirates (125.9 tons)
South Korea (100.7 tons)
Spain (100.7 tons)
Malaysia (86.7 tons)
Saudi Arabia (83.9 tons)
United States (70.5 tons)

Glass Fibre Mat Exports in India

In 2022, approx. 327 tons of glass fibre mats were exported from India; waning by -90.2% on the year before. Over the period under review, exports recorded a precipitous setback. The growth pace was the most rapid in 2021 when exports increased by 59%. As a result, the exports attained the peak of 3.3K tons, and then contracted markedly in the following year.

In value terms, glass fibre mat exports reduced rapidly to $1M in 2022. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 77%. As a result, the exports reached the peak of $7.4M, and then reduced markedly in the following year.

Export of Glass Fibre Mat in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	58.6	1,233	2,091	305	73.3%
Belgium	2,893	797	635	198	-59.1%
United Kingdom	85.6	506	657	95.9	3.9%
Poland	94.4	154	450	65.7	-11.4%
Indonesia	414	283	416	60.7	-47.3%
Spain	65.5	153	393	57.3	-4.4%
Romania	93.6	166	336	49.0	-19.4%
Nepal	92.7	26.6	289	42.2	-23.1%
Australia	245	228	270	39.4	-45.6%
United States	34.5	N/A	180	26.2	-8.8%
Germany	0.4	25.5	97.2	14.2	228.7%
Croatia	151	29.5	72.5	11.6	-57.5%
Pakistan	1,220	N/A	N/A	N/A	0%
Others	320	580	1,519	68.9	-40.1%
Total	5,768	4,181	7,406	1,034	-43.6%

Top Export Markets for Glass Fibre Mat from India in 2022:

Belgium (102.3 tons)
United Arab Emirates (39.0 tons)
United Kingdom (38.9 tons)
Poland (26.7 tons)
Spain (24.4 tons)
Romania (20.3 tons)
Australia (13.5 tons)
Nepal (13.4 tons)
United States (10.5 tons)
Indonesia (8.1 tons)
Germany (6.1 tons)
Croatia (5.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the glass fibre mat market in India. 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 23141162 - Glass fibre mats made of filaments
Prodcom 23141217 - Glass fibre mats made of glass wool
Prodcom 23141210 -
Prodcom 23141220 -

Country coverage:

India

Data coverage:

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