Asia-Pacific: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Asia-Pacific

In 2021, the Asia-Pacific glass fibre mat market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. 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 observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Glass Fibre Mat Production in Asia-Pacific

In value terms, glass fibre mat production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Glass Fibre Mat Exports

Exports in Asia-Pacific

Glass fibre mat exports rose notably to X tons in 2021, surging by X% against the year before. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. 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 surged to $X in 2021. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) represented the key exporter of glass fibre mats, achieving X% of total exports. It was distantly followed by Thailand (X tons), constituting a X% share of total exports. The following exporters - India (X tons), Myanmar (X tons) and South Korea (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. 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-Pacific, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.), Thailand (+X p.p.) and Myanmar (less than X p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass fibre mat supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($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 rate of growth in terms of value in China stood at +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-Pacific amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, saw a slight curtailment. 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-Pacific

In 2021, overseas purchases of glass fibre mats decreased by -X% to X tons, falling for the second consecutive year after eight 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 growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, glass fibre mat imports shrank modestly to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of glass fibre mat imports in 2021 were India (X tons), Japan (X tons), South Korea (X tons), Indonesia (X tons), Vietnam (X tons), Pakistan (X tons), Thailand (X tons) and Malaysia (X tons), together finishing at X% of total import.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and India ($X), with a combined X% share of total imports. These countries were followed by Indonesia, Pakistan, Thailand, Vietnam and Malaysia, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of 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

The import price in Asia-Pacific stood at $X per ton in 2021, growing by less than X% against the previous year. Overall, the import price, however, recorded a slight descent. Over the period under review, import prices attained the maximum 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 ($X per ton), while Vietnam ($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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