India: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in India

In 2021, the Indian glass fibre mat market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Glass fibre mat consumption peaked at $X in 2020, and then reduced in the following year.

Glass Fibre Mat Production in India

In value terms, glass fibre mat production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Glass fibre mat production peaked at $X in 2020, and then declined modestly in the following year.

Glass Fibre Mat Exports

Exports from India

In 2021, approx. X tons of glass fibre mats were exported from India; increasing by X% compared with the year before. Over the period under review, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre mat exports surged to $X in 2021. Overall, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for glass fibre mat exports from India, with a X% share of total exports. Moreover, glass fibre mat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was occupied by the UK (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and the UK (+X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for glass fibre mat exports from India, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Belgium (-X% per year).

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to Belgium ($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 the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into India

In 2021, supplies from abroad of glass fibre mats decreased by -X% to X tons, falling for the second consecutive year after six years of growth. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 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 plummeted to $X in 2021. Over the period under review, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glass fibre mat to India, with a X% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was occupied by Myanmar (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Myanmar (+X% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre mat to India, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Myanmar (+X% per year).

Import Prices by Country

In 2021, the average glass fibre mat import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a noticeable slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 Indonesia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform