China: 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 China

The Chinese non-woven glass fibre articles market amounted to $X in 2021, increasing by 5.1% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Non-woven glass fibre articles consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

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

In value terms, non-woven glass fibre articles production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports from China

Non-woven glass fibre articles exports from China was estimated at X tons in 2021, surging by 3.9% on 2020 figures. Over the period under review, exports, however, saw a mild slump. The pace of growth was the most pronounced in 2017 when exports increased by 129% against the previous year. The exports peaked 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 skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 94%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), India (X tons) and Vietnam (X tons) were the main destinations of non-woven glass fibre articles exports from China, together accounting for 30% of total exports. These countries were followed by South Korea, Indonesia, Japan, Mexico, Malaysia, Thailand, Saudi Arabia, the Philippines, Russia and Germany, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +11.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-woven glass fibre articles exported from China were the United States ($X), Vietnam ($X) and India ($X), with a combined 29% share of total exports. South Korea, Malaysia, Japan, Indonesia, Thailand, the Philippines, Mexico, Germany, Russia and Saudi Arabia lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Mexico, with a CAGR of +11.9%, saw 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

The average non-woven glass fibre articles export price stood at $X per ton in 2021, rising by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2016 an increase of 26% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2021, purchases abroad of non-woven glass fibre webs, felts, mattresses and boards increased by 29% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +108.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 62%. Imports peaked in 2021 and are expected to retain 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 +4.9% from 2012 to 2021; however, the trend pattern indicated some 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

In 2021, the United States (X tons) constituted the largest non-woven glass fibre articles supplier to China, with a 34% share of total imports. Moreover, non-woven glass fibre articles imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.7% per year) and Taiwan (Chinese) (+3.8% per year).

In value terms, the United States ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to China, comprising 46% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.7% per year) and Germany (+4.2% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, surging by 4.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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