Asia: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Asia

In 2022, the Asian non-woven glass fibre articles market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Asia

In value terms, non-woven glass fibre articles production fell modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports in Asia

In 2022, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were exported in Asia; reducing by X% on the year before. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports contracted remarkably to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of non-woven glass fibre webs, felts, mattresses and boards, committing X% of total exports. India (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and Kuwait (X%). Uzbekistan (X tons), the United Arab Emirates (X tons) and Japan (X tons) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Kuwait (X%), South Korea (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. Turkey (X p.p.), India (X p.p.), South Korea (X p.p.), Kuwait (X p.p.), Uzbekistan (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-woven glass fibre articles supplying countries in Asia were Turkey ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports. India, the United Arab Emirates, Kuwait and Uzbekistan lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports in Asia

In 2022, the amount of non-woven glass fibre webs, felts, mattresses and boards imported in Asia dropped markedly to X tons, with a decrease of X% against the year before. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, non-woven glass fibre articles imports dropped markedly to $X in 2022. Overall, imports showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, Vietnam (X tons), Japan (X tons), South Korea (X tons), India (X tons), Israel (X tons) and the United Arab Emirates (X tons) was the largest importer of non-woven glass fibre webs, felts, mattresses and boards in Asia, committing X% of total import. It was distantly followed by Indonesia (X tons), achieving a X% share of total imports. The following importers - Malaysia (X tons), Turkey (X tons), Uzbekistan (X tons), Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Iraq (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Israel, India, Turkey, Hong Kong SAR, the United Arab Emirates, Indonesia, Taiwan (Chinese), Malaysia, Uzbekistan and Iraq lagged somewhat behind, together accounting for a further X%.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a mild reduction. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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