Asia: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Asia

After two years of decline, the Asian non-woven glass fibre articles market increased by 2.4% to $X in 2021. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Asia

In value terms, non-woven glass fibre articles production expanded modestly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 15%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports in Asia

In 2021, overseas shipments of non-woven glass fibre webs, felts, mattresses and boards were finally on the rise to reach X tons after two years of decline. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 76%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, non-woven glass fibre articles exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the major exporter of non-woven glass fibre webs, felts, mattresses and boards, constituting 71% of total exports. It was distantly followed by Turkey (X tons), generating a 14% share of total exports. The following exporters - Malaysia (X tons) and India (X tons) - each finished at a 6.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-woven glass fibre articles exports from China stood at -1.1%. At the same time, Malaysia (+50.9%), India (+32.1%) and Turkey (+17.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +50.9% from 2012-2021. Turkey (+10 p.p.), Malaysia (+3.3 p.p.) and India (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -8.3% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest non-woven glass fibre articles supplier in Asia, comprising 69% of total exports. The second position in the ranking was held by Turkey ($X), with a 7.5% share of total exports. It was followed by Malaysia, with a 3.1% share.

In China, non-woven glass fibre articles exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+13.9% per year) and Malaysia (+47.8% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, surging by 10% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports in Asia

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were imported in Asia; rising by 17% on 2020 figures. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-woven glass fibre articles imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of non-woven glass fibre articles imports in 2021 were Vietnam (X tons), Japan (X tons), China (X tons), South Korea (X tons), India (X tons), Israel (X tons), Thailand (X tons), Kazakhstan (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Turkey (X tons) and Malaysia (X tons), together reaching 79% of total import. Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported non-woven glass fibre webs, felts, mattresses and boards in Asia, comprising 19% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 9% share of total imports. It was followed by South Korea, with an 8.6% share.

In China, non-woven glass fibre articles imports expanded at an average annual rate of +4.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+7.5% per year) and South Korea (+2.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 7.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 16%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :