China - Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMineral Wool Price in China - 2023
Contents:
- Mineral Wool Price in China (FOB) - 2023
- Mineral Wool Price in China (CIF) - 2022
- Mineral Wool Exports in China
- Mineral Wool Imports in China
Mineral Wool Price in China (FOB) - 2023
In September 2023, the average mineral wool export price amounted to $1,257 per ton, leveling off at the previous month. Over the period under review, the export price, however, recorded a pronounced curtailment. The growth pace was the most rapid in October 2022 when the average export price increased by 25% against the previous month. The export price peaked at $2,066 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Vietnam ($2,011 per ton), while the average price for exports to Mongolia ($297 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Mineral Wool Price in China (CIF) - 2022
The average mineral wool import price stood at $9,120 per ton in 2022, which is down by -13.6% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 65% against the previous year. The import price peaked at $10,556 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($20,705 per ton), while the price for Russia ($1,131 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Mineral Wool Exports in China
For the fourth year in a row, China recorded growth in shipments abroad of slag wool, rock wool and similar mineral wools and mixtures, which increased by 27% to 221K tons in 2022. The total export volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, mineral wool exports soared to $351M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mineral Wool in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 33.2 | 38.0 | 48.5 | 44.4 | 10.2% |
| Indonesia | 21.1 | 16.8 | 21.0 | 31.9 | 14.8% |
| Singapore | 5.6 | 6.5 | 4.7 | 17.6 | 46.5% |
| Thailand | 6.5 | 7.5 | 5.9 | 16.5 | 36.4% |
| Malaysia | 5.3 | 10.9 | 9.7 | 15.1 | 41.8% |
| India | 4.3 | 6.0 | 7.4 | 14.3 | 49.3% |
| Japan | 9.8 | 9.6 | 11.4 | 13.2 | 10.4% |
| South Korea | 10.8 | 12.2 | 13.9 | 12.0 | 3.6% |
| Bangladesh | 3.1 | 1.6 | 4.5 | 10.8 | 51.6% |
| Philippines | 5.2 | 4.6 | 7.3 | 10.2 | 25.2% |
| Pakistan | 3.1 | 3.2 | 6.0 | 6.0 | 24.6% |
| Belgium | 0.6 | 2.4 | 1.2 | 3.2 | 74.7% |
| Mongolia | 0.3 | 0.4 | 0.5 | 3.1 | 117.8% |
| Others | 108 | 114 | 124 | 153 | 12.3% |
| Total | 217 | 233 | 266 | 351 | 17.4% |
Top Export Markets for Mineral Wool from China in 2022:
- Indonesia (17.3K tons)
- Vietnam (14.2K tons)
- Mongolia (12.1K tons)
- Thailand (11.7K tons)
- Japan (7.9K tons)
- Malaysia (7.4K tons)
- India (7.3K tons)
- Belgium (7.2K tons)
- South Korea (6.6K tons)
- Philippines (6.5K tons)
- Singapore (6.2K tons)
- Bangladesh (6.1K tons)
- Pakistan (5.1K tons)
Mineral Wool Imports in China
In 2022, supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures decreased by -28.7% to 10K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of 14K tons, and then declined markedly in the following year.
In value terms, mineral wool imports reduced sharply to $93M in 2022. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 13%. As a result, imports reached the peak of $151M, and then fell remarkably in the following year.
| Import of Mineral Wool in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 71.5 | 77.9 | 78.7 | 39.1 | -18.2% |
| United States | 21.7 | 23.5 | 24.1 | 18.6 | -5.0% |
| United Kingdom | 3.4 | 8.3 | 18.3 | 13.0 | 56.4% |
| Netherlands | 5.5 | 5.7 | 6.5 | 4.9 | -3.8% |
| Germany | 5.5 | 6.0 | 8.1 | 3.3 | -15.7% |
| Poland | 7.7 | 3.0 | 1.7 | 2.2 | -34.1% |
| India | 0.8 | 0.6 | 1.2 | 1.6 | 26.0% |
| Russia | 0.9 | 0.7 | 1.2 | 0.6 | -12.6% |
| Denmark | 1.3 | 1.2 | 1.9 | 0.4 | -32.5% |
| Others | 7.3 | 7.0 | 9.6 | 9.6 | 9.6% |
| Total | 126 | 134 | 151 | 93.2 | -9.6% |
Top Suppliers of Mineral Wool to China in 2022:
- Netherlands (2.0K tons)
- Japan (1.9K tons)
- United States (1.1K tons)
- United Kingdom (1.1K tons)
- Poland (0.7K tons)
- India (0.6K tons)
- Russia (0.6K tons)
- Germany (0.5K tons)
- Denmark (0.1K tons)
This report provides an in-depth analysis of the mineral wool market in China. 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 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the mineral wool price amounted to $1,732 per ton (FOB, China), waning by -16.3% against the previous month.
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In September 2022, the mineral wool price amounted to $1,633 per ton (FOB, China), shrinking by -4.6% against the previous month.
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For the fifth consecutive year, the global mineral wool market recorded growth in sales value, which increased by...
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In value terms, slag, rock wool and similar mineral wools imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indic...
1007
In value terms, slag, rock wool and similar mineral wools exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend ...
315
In February 2023, the mineral wool price amounted to $1,732 per ton (FOB, China), waning by -16.3% against the previous month.
383
In September 2022, the mineral wool price amounted to $1,633 per ton (FOB, China), shrinking by -4.6% against the previous month.
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In April 2023, the expanded clays price stood at $1,610 per ton (FOB, China), which is down by -13.8% against the previous month.
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For the fifth consecutive year, the global mineral wool market recorded growth in sales value, which increased by...
