Eastern Asia: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Eastern Asia

In 2021, the East Asian glass fibre mat market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, 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; however, from 2019 to 2021, consumption failed to regain momentum.

Glass Fibre Mat Production in Eastern Asia

In value terms, glass fibre mat production expanded markedly to $X in 2021 estimated in export price. The total output value 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 was the most pronounced in 2016 when the production volume increased by 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 Eastern Asia

In 2021, approx. X tons of glass fibre mats were exported in Eastern Asia; surging by X% compared with the previous year's figure. Overall, exports showed a strong increase. The pace of growth was the most pronounced 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 remained at a somewhat lower figure.

In value terms, glass fibre mat exports soared to $X in 2021. Over the period under review, exports posted a resilient 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 failed to regain momentum.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. X% of total exports in 2021. The following exporters - South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons) - each accounted for a X% share of total exports.

China was also the fastest-growing in terms of the glass fibre mats exports, with a CAGR of +X% from 2012 to 2021. Japan (-X%), Hong Kong SAR (-X%) and South Korea (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (less than X p.p.), Hong Kong SAR (-X p.p.) and South Korea (-X p.p.) displayed negative dynamics.

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

In China, glass fibre mat exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-X% per year) and Japan (-X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by X% against the previous year. Overall, the export price, however, saw a slight setback. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other leaders experienced a decline in the export price figures.

Glass Fibre Mat Imports

Imports in Eastern Asia

Glass fibre mat imports shrank remarkably to X tons in 2021, falling by -X% against 2020 figures. In general, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, glass fibre mat imports shrank rapidly to $X in 2021. Overall, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons) and South Korea (X tons) prevails in imports structure, together creating X% of total imports. It was distantly followed by Hong Kong SAR (X tons), constituting a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and China (X tons) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (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 Eastern Asia were Japan ($X), South Korea ($X) and Hong Kong SAR ($X), together comprising X% of total imports. China and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X (Chinese), with a CAGR of +X%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, declining by -X% against the previous year. In general, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :