Thailand: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Thailand

The Thai glass fibre mat market expanded rapidly to $X in 2021, rising by X% against the previous year. In general, consumption saw a pronounced descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Glass Fibre Mat Production in Thailand

In value terms, glass fibre mat production expanded sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Glass fibre mat production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Glass Fibre Mat Exports

Exports from Thailand

In 2021, exports of glass fibre mats from Thailand shrank to X tons, which is down by -X% against the previous year's figure. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2020, and then reduced in the following year.

In value terms, glass fibre mat exports surged to $X in 2021. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons), Spain (X tons) and India (X tons) were the main destinations of glass fibre mat exports from Thailand, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Spain ($X) and India ($X) were the largest markets for glass fibre mat exported from Thailand worldwide, with a combined X% share of total exports.

The UK, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average glass fibre mat export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to the UK ($X per ton) and Poland ($X per ton), while the average price for exports to India ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Thailand

In 2021, the amount of glass fibre mats imported into Thailand declined to X tons, remaining constant against 2020 figures. Overall, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, glass fibre mat imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

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

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

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

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2021, jumping 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform