Australia: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Australia

The Australian glass fibre mat market expanded slightly to $X in 2022, surging by 1.8% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Fibre Mat Production in Australia

In value terms, glass fibre mat production totaled $X in 2022 estimated in export price. Overall, production showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Glass Fibre Mat Exports

Exports from Australia

In 2022, the amount of glass fibre mats exported from Australia fell remarkably to X tons, waning by -25.5% compared with 2021 figures. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 387%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre mat exports contracted rapidly to $X in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 454% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for glass fibre mat exports from Australia, accounting for a 79% share of total exports. Moreover, glass fibre mat exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+7.2% per year) and New Caledonia (-33.3% per year).

In value terms, New Zealand ($X) remains the key foreign market for glass fibre mats exports from Australia, comprising 88% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-3.0% per year) and New Caledonia (-31.0% per year).

Export Prices by Country

In 2022, the average glass fibre mat export price amounted to $X per ton, with an increase of 5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 68%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Australia

In 2022, the amount of glass fibre mats imported into Australia declined rapidly to X tons, dropping by -25.3% compared with the year before. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 667% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre mat imports contracted remarkably to $X in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 344% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X tons), India (X tons) and Latvia (X tons) were the main suppliers of glass fibre mat imports to Australia, with a combined 19% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat suppliers to Australia were India ($X), the UK ($X) and Latvia ($X), with a combined 18% share of total imports.

Among the main suppliers, India, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre mat import price amounted to $X per ton, waning by -1.5% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 90% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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