Turkey: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Turkey

After two years of decline, the Turkish glass fibre mat market increased by X% to $X in 2021. 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glass Fibre Mat Production in Turkey

In value terms, glass fibre mat production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, saw a slight slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Glass fibre mat production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Glass Fibre Mat Exports

Exports from Turkey

After two years of growth, shipments abroad of glass fibre mats decreased by -X% to X tons in 2021. Over the period under review, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glass fibre mat exports reduced notably to $X in 2021. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X tons), Iraq (X tons) and the Czech Republic (X tons) were the main destinations of glass fibre mat exports from Turkey, with a combined X% share of total exports. Israel, Croatia, Poland, Ukraine, Uzbekistan, Bulgaria, Romania, North Macedonia, Slovakia and Georgia lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre mat exported from Turkey were Greece ($X), the Czech Republic ($X) and Iraq ($X), with a combined X% share of total exports. Israel, Uzbekistan, Poland, Croatia, Ukraine, Bulgaria, Romania, North Macedonia, Georgia and Slovakia lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Israel, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre mat export 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%. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

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

Glass Fibre Mat Imports

Imports into Turkey

In 2021, the amount of glass fibre mats imported into Turkey expanded notably to X tons, rising by X% compared with the year before. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, glass fibre mat imports soared to $X in 2021. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

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

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

In value terms, China ($X) constituted the largest supplier of glass fibre mat to Turkey, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

In 2021, the average glass fibre mat import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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