Japan: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Japan

In 2021, the Japanese glass fibre mat market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Glass fibre mat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Glass Fibre Mat Exports

Exports from Japan

In 2021, shipments abroad of glass fibre mats was finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, saw a mild curtailment. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, glass fibre mat exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a noticeable slump. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for glass fibre mat exports from Japan, with a X% share of total exports. Moreover, glass fibre mat exports to Vietnam exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Thailand (-X% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for glass fibre mat exports from Japan, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

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

Export Prices by Country

In 2021, the average glass fibre mat export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 Vietnam (-X%), while the prices for the other major destinations experienced a decline.

Glass Fibre Mat Imports

Imports into Japan

In 2021, purchases abroad of glass fibre mats decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, glass fibre mat imports contracted slightly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of glass fibre mat imports to Japan, with a combined X% share of total imports. France lagged somewhat behind, accounting for a further X 2012 to 2021, the biggest increases were in France (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

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

From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2021, the average glass fibre mat import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per ton), while the price for Taiwan (Chinese) ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform