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China - Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures - Market Analysis, Forecast, Size, Trends And Insights

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Jan 17, 2023

Mineral Wool Export in China Grows 5%, Averaging 18K Tons in September 2022

China Mineral Wool Exports

Mineral wool exports from China stood at 18K tons in September 2022, increasing by 4.6% on the month before. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 44% month-to-month. Over the period under review, the exports hit record highs at 18K tons in July 2022; however, from August 2022 to September 2022, the exports failed to regain momentum.

In value terms, mineral wool exports reduced to $29M (IndexBox estimates) in September 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when exports increased by 46% m-o-m. The exports peaked at 31K tons in June 2022; however, from July 2022 to September 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (4K tons), Indonesia (2.3K tons) and Vietnam (1.2K tons) were the main destinations of mineral wool exports from China, together comprising 42% of total exports. These countries were followed by Belgium, Japan, India, South Africa, Mongolia, Hong Kong SAR, the Philippines, South Korea, Bangladesh and Russia, which together accounted for a further 32%.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +19.5%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($3.7M), Vietnam ($2.8M) and Taiwan (Chinese) ($2.8M) constituted the largest markets for mineral wool exported from China worldwide, with a combined 32% share of total exports. These countries were followed by Japan, India, Russia, South Korea, the Philippines, South Africa, Hong Kong SAR, Belgium, Bangladesh and Mongolia, which together accounted for a further 20%.

In terms of the main countries of destination, Mongolia, with a CAGR of +32.6%, recorded the highest rates of growth with regard to 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

In September 2022, the mineral wool price amounted to $1,633 per ton (FOB, China), shrinking by -4.6% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 an increase of 8.7% month-to-month. Over the period under review, the average export prices attained the maximum at $1,744 per ton in June 2022; however, from July 2022 to September 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($2,346 per ton), while the average price for exports to Belgium ($427 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Factors Affecting Mineral Wool Prices

The main factors affecting the price of mineral wool are the cost of raw materials, production costs, and market demand.

Production costs can vary significantly depending on the type and quality of mineral wool being produced. For instance, higher grades of mineral wool require more expensive production processes and equipment. The cost of basalt rock, one of the main materials used to make mineral wool, has increased notably. This is due to a number of factors, including increased transportation costs and environmental regulations.

Market demand is another key factor influencing the price of mineral wool. Global demand for mineral wool has grown steadily in recent years, driven by strong growth in end-use markets such as the construction and automotive industries. In China, demand has been particularly strong due to the country's large population and rapid economic development.

Despite these challenges, mineral wool producers in China have managed to maintain healthy profit margins thanks to efficient production processes and scale economies. In addition, many producers have been able to pass on some of the cost increases to customers through price rises. Looking forward, it is expected that mineral wool prices will continue to rise in line with raw material costs and demand from key end-use industries.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mineral wool market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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