Indonesia: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Indonesia

In 2021, the Indonesian 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% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Indonesia

After six years of growth, overseas shipments of glass fibre mats decreased by -X% to X tons in 2021. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, glass fibre mat exports rose sharply to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

India (X tons), Thailand (X tons) and Vietnam (X tons) were the main destinations of glass fibre mat exports from Indonesia, with a combined X% share of total exports.

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

In value terms, India ($X) remains the key foreign market for glass fibre mat exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Mexico (X% per year).

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in years to come.

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

Glass Fibre Mat Imports

Imports into Indonesia

In 2021, approx. X tons of glass fibre mats were imported into Indonesia; waning by -X% on the year before. 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, glass fibre mat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest glass fibre mat supplier to Indonesia, with a X% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of glass fibre mat to Indonesia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

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

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :