Asia: Glass Wool Mat Market 2020

Glass Wool Mat Market Size in Asia

The revenue of the glass wool mat market in Asia amounted to $X in 2017, standing approx. at the previous year. The total market indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the glass wool mat consumption increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2012, when market value increased by X% against the previous year. Over the period under review, the glass wool mat market reached its maximum level of $X in 2016, leveling off in the following year.

Glass Wool Mat Production in Asia

In 2017, approx. X tons of glass fibre mats made of glass wool were produced in Asia; surging by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. The volume of glass wool mat production peaked in 2017, and is likely to continue its growth in the near future.

Glass Wool Mat Exports in Asia

In 2017, the amount of glass fibre mats made of glass wool exported in Asia stood at X tons, rising by X% against the previous year. The glass wool mat exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when exports increased by X% y-o-y. In that year, the glass wool mat exports attained their peak volume of X tons. From 2011 to 2017, growth of the glass wool mat exports failed to regain its momentum.

In value terms, glass wool mat exports stood at $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern remained consistent, with only minor fluctuations over the period under review. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Glass Wool Mat Exports by Country in Asia

China prevails in glass wool mat exports structure, resulting at X tons, which was near X% of total exports in 2017. South Korea (X tons) ranks second in terms of the global exports with a X% share, followed by Taiwan, Chinese (X%). Thailand (X tons), Kuwait (X tons), China, Hong Kong SAR (X tons), India (X tons), Saudi Arabia (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Turkey (X tons) and Syrian Arab Republic (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Kuwait (+X%), China, Hong Kong SAR (+X%), Thailand (+X%), Syrian Arab Republic (+X%), Taiwan, Chinese (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%), Malaysia (-X%), Saudi Arabia (-X%), India (-X%) and Turkey (-X%) illustrated a downward trend over the same period. While the share of India (X%), Saudi Arabia (X%), Turkey (X%) and Malaysia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Taiwan, Chinese (-X%), Thailand (-X%), Kuwait (-X%) and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass wool mat supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

In China, glass wool mat exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Taiwan, Chinese (+X% per year) and Malaysia (-X% per year).

Glass Wool Mat Export Prices by Country in Asia

The glass wool mat export price in Asia stood at $X per ton in 2017, shrinking by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012, an increase of X% y-o-y. Over the period under review, the export prices for glass fibre mats made of glass wool attained its peak figure level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Malaysia ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Syrian Arab Republic (+X% per year), while the other leaders experienced more modest paces of growth.

Glass Wool Mat Imports in Asia

In 2017, glass wool mat imports in Asia amounted to X tons, approximately equating the previous year. The glass wool mat imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2008, when imports increased by X% y-o-y. In that year, the glass wool mat imports attained their peak volume of X tons. From 2009 to 2017, growth of the glass wool mat imports failed to regain its momentum.

In value terms, glass wool mat imports amounted to $X in 2017. The glass wool mat imports continue to indicate a relatively flat trend pattern. Over the period under review, the glass wool mat imports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Glass Wool Mat Imports by Country in Asia

In 2017, China (X tons), distantly followed by India (X tons), Japan (X tons), South Korea (X tons), the United Arab Emirates (X tons) and Indonesia (X tons) were the largest importers of glass fibre mats made of glass wool, together making up X% of total imports. Vietnam (X tons), Thailand (X tons), Kuwait (X tons), Turkey (X tons), China, Hong Kong SAR (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported glass fibre mats made of glass wool in Asia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, glass wool mat imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and South Korea (+X% per year).

Glass Wool Mat Import Prices by Country in Asia

The glass wool mat import price in Asia stood at $X per ton in 2017, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012, an increase of X% y-o-y. The level of import price peaked in 2017, and is expected to retain its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform