
China - Insulating Board - Market Analysis, Forecast, Size, Trends and Insights
China: Insulating Board Market 2023
Insulating Board Market Size in China
The Chinese insulating board market shrank to $X in 2021, waning by -6.8% against the previous year. Overall, consumption, however, enjoyed a modest increase. Insulating board consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.
Insulating Board Production in China
In value terms, insulating board production declined to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 266%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.
Insulating Board Exports
Exports from China
In 2021, overseas shipments of insulating board decreased by -36.4% to X cubic meters, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by 457%. As a result, the exports reached the peak of X cubic meters. From 2017 to 2021, the growth of the exports failed to regain momentum.
In value terms, insulating board exports declined to $X in 2021. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of 549%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
Nigeria (X cubic meters) was the main destination for insulating board exports from China, accounting for a 47% share of total exports. Moreover, insulating board exports to Nigeria exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), threefold. Japan (X cubic meters) ranked third in terms of total exports with an 11% share.
From 2012 to 2021, the average annual growth rate of volume to Nigeria stood at +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-21.1% per year) and Japan (+45.1% per year).
In value terms, Japan ($X), Nigeria ($X) and the United Arab Emirates ($X) constituted the largest markets for insulating board exported from China worldwide, together accounting for 62% of total exports. The Philippines, Oman, Myanmar, Jordan, the Dominican Republic and Australia lagged somewhat behind, together comprising a further 15%.
In terms of the main countries of destination, the Philippines, with a CAGR of +46.2%, saw the highest growth rate of 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
The average insulating board export price stood at $X per cubic meter in 2021, surging by 44% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Philippines ($X per cubic meter), while the average price for exports to Jordan ($X per cubic meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.
Insulating Board Imports
Imports into China
In 2021, approx. X cubic meters of insulating board were imported into China; reducing by -48% on 2020 figures. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 52%. Over the period under review, imports attained the peak figure at X cubic meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.
In value terms, insulating board imports declined significantly to $X in 2021. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by 77%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, Australia (X cubic meters) constituted the largest supplier of insulating board to China, with a 63% share of total imports. Moreover, insulating board imports from Australia exceeded the figures recorded by the second-largest supplier, Chile (X cubic meters), threefold. New Zealand (X cubic meters) ranked third in terms of total imports with a 7.4% share.
From 2012 to 2021, the average annual growth rate of volume from Australia amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-11.4% per year) and New Zealand (-23.4% per year).
In value terms, Australia ($X) constituted the largest supplier of insulating board to China, comprising 57% of total imports. The second position in the ranking was held by Chile ($X), with a 15% share of total imports. It was followed by New Zealand, with an 8.9% share.
From 2012 to 2021, the average annual growth rate of value from Australia amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+162.1% per year) and New Zealand (-17.1% per year).
Import Prices by Country
The average insulating board import price stood at $X per cubic meter in 2021, picking up by 4% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, insulating board import price increased by +22.7% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 37%. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per cubic meter), while the price for Chile ($X per cubic meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+52.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the insulating board 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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