Asia: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Asia

The Asian glass fibre mat market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the market value increased by X%. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Glass Fibre Mat Production in Asia

In value terms, glass fibre mat production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Glass Fibre Mat Exports

Exports in Asia

In 2021, approx. X tons of glass fibre mats were exported in Asia; with an increase of X% on 2020. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, glass fibre mat exports soared to $X in 2021. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China was the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Thailand (X tons), comprising a X% share of total exports. India (X tons), Myanmar (X tons) and South Korea (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to glass fibre mat exports from China stood at +X%. At the same time, Thailand (+X%), Myanmar (+X%) and India (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Thailand (+X p.p.) and Myanmar (less than X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre mat supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by India, with less than X% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and India (+X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in South Korea ($X per ton) and Myanmar ($X per ton), while China ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+X%), while the other leaders experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports in Asia

In 2021, purchases abroad of glass fibre mats decreased by less than X% to X tons, falling for the second year in a row after four years of growth. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fibre mat imports totaled $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of glass fibre mats, namely India, Japan, South Korea, Indonesia, Turkey, Vietnam, Pakistan, Thailand, Malaysia, Saudi Arabia, Kazakhstan and the United Arab Emirates, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat importing markets in Asia were Japan ($X), South Korea ($X) and India ($X), together comprising X% of total imports. Turkey, Indonesia, Pakistan, Thailand, Vietnam, Malaysia, Saudi Arabia, the United Arab Emirates and Kazakhstan lagged somewhat behind, together comprising a further X terms of the main importing countries, Pakistan, with a CAGR of +X%, saw 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.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, picking up by less than X% against the previous year. In general, the import price, however, saw a mild downturn. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Pakistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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