Global Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size

In 2021, after four years of decline, there was significant growth in the global glass fibre mat market, when its value increased by X% to $X. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Global consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Mat Production

In value terms, glass fibre mat production expanded 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 recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, global production growth failed to regain momentum.

Glass Fibre Mat Exports

Exports

Global glass fibre mat exports expanded remarkably to X tons in 2021, increasing by X% compared with the year before. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the global exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, glass fibre mat exports soared to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. The global exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China was the major exporter of glass fibre mats in the world, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2021. It was distantly followed by the United States (X tons), Italy (X tons), France (X tons), Germany (X tons) and Thailand (X tons), together generating a X% share of total exports. Russia (X tons), Belgium (X tons), the UK (X tons), Canada (X tons), Belarus (X tons), Mexico (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glass fibre mat exports from China stood at +X%. At the same time, Thailand (+X%), Belarus (+X%), Mexico (+X%), the UK (+X%), Russia (+X%), France (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Belgium (-X%), the United States (-X%), Germany (-X%) and Canada (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Thailand, Belarus, the UK and Mexico increased by +X, less than X, less than X, less than X and less than X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of exports in 2021, with a combined X% share of global exports. These countries were followed by Italy, France, Belgium, Thailand, Canada, Mexico, the UK, Poland, Russia and Belarus, which together accounted for a further X the main exporting countries, Thailand, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global 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, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export 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 Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Glass Fibre Mat Imports

Imports

In 2021, approx. X tons of glass fibre mats were imported worldwide; rising by X% compared with 2020 figures. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Global imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, glass fibre mat imports soared to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), followed by France (X tons), Canada (X tons) and Germany (X tons) represented the major importers of glass fibre mats, together creating X% of total imports. India (X tons), Italy (X tons), Japan (X tons), Spain (X tons), Mexico (X tons), Poland (X tons), the UK (X tons), South Korea (X tons) and Russia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of global imports. These countries were followed by Canada, Mexico, Italy, the UK, Spain, Poland, Japan, South Korea, India and Russia, which together accounted for a further X the main importing countries, India, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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