Asia-Pacific: 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-Pacific

The Asia-Pacific non-woven glass fibre articles market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, non-woven glass fibre articles production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 14% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports in Asia-Pacific

Non-woven glass fibre articles exports rose notably to X tons in 2021, growing by 8.5% on the year before. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 112% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 62%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. 86% of total exports in 2021. Malaysia (X tons), India (X tons) and Thailand (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -1.1% from 2012 to 2021. At the same time, Malaysia (+50.9%), India (+32.1%) and Thailand (+3.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +50.9% from 2012-2021. While the share of Malaysia (+4 p.p.) and India (+3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-woven glass fibre articles supplier in Asia-Pacific, comprising 77% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 3.5% share of total exports. It was followed by India, with a 3% share.

In China, non-woven glass fibre articles exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+47.8% per year) and India (+27.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 12% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 29% 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 remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Thailand ($X per ton) and India ($X per ton), while Malaysia ($X per ton) and China ($X per ton) were 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 mixed trends in the export price figures.

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

Imports in Asia-Pacific

In 2021, overseas purchases of non-woven glass fibre webs, felts, mattresses and boards increased by 13% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 27%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some 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, Australia (X tons), followed by Vietnam (X tons), Japan (X tons), China (X tons), South Korea (X tons), India (X tons), Thailand (X tons), New Zealand (X tons) and Indonesia (X tons) were the key importers of non-woven glass fibre webs, felts, mattresses and boards, together making up 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported non-woven glass fibre webs, felts, mattresses and boards in Asia-Pacific, comprising 23% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total imports. It was followed by South Korea, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +4.9%. In the other countries, the average annual rates were as follows: Vietnam (+7.5% per year) and South Korea (+2.3% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 6.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the peak figure 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 importing countries. In 2021, the country with the highest price was China ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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