China: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in China

In 2021, the Chinese glass fibre mat market increased by less than X% to $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% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Glass Fibre Mat Production in China

In value terms, glass fibre mat production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded 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 from China

In 2021, glass fibre mat exports from China rose markedly to X tons, with an increase of X% compared with the previous year. In general, exports showed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass fibre mat exports surged to $X in 2021. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 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 somewhat lower figure.

Exports by Country

India (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of glass fibre mat exports from China, together comprising X% of total exports. Germany, Spain, Turkey, Chile, Indonesia, Pakistan, Vietnam, Brazil, Canada and South Korea lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and Mexico ($X) appeared to be the largest markets for glass fibre mat exported from China worldwide, with a combined X% share of total exports. These countries were followed by Germany, Spain, Turkey, Indonesia, Pakistan, Vietnam, Canada, Brazil, Chile and South Korea, which together accounted for a further X the main countries of destination, Canada, 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 2021, the average glass fibre mat export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into China

In 2021, approx. X tons of glass fibre mats were imported into China; dropping by -X% compared with the previous year. Overall, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, glass fibre mat imports fell markedly to $X in 2021. In general, imports recorded a significant decrease. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest glass fibre mat supplier to China, with a X% share of total imports. Moreover, glass fibre mat imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Australia (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of glass fibre mat to China, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Australia (+X% per year).

Import Prices by Country

In 2021, the average glass fibre mat import price amounted to $X per ton, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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