Eastern 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 Eastern Asia

In 2021, after two years of decline, there was growth in the East Asian non-woven glass fibre articles market, when its value increased by 1.6% to $X. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. 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 Eastern Asia

In value terms, non-woven glass fibre articles production reached $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. The level of production peaked 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 Eastern Asia

Non-woven glass fibre articles exports totaled X tons in 2021, surging by 3.6% on 2020. Overall, exports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 117% against the previous year. Over the period under review, the exports hit record highs 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. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 63% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 96% of total exports in 2021. South Korea (X tons) held a little share of total exports.

Exports from China decreased at an average annual rate of -1.1% from 2012 to 2021. South Korea (-1.0%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-woven glass fibre articles supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by South Korea ($X), with a 2% share of total exports.

In China, non-woven glass fibre articles exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 15% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 32%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.6%).

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

Imports in Eastern Asia

In 2021, imports of non-woven glass fibre webs, felts, mattresses and boards in Eastern Asia rose remarkably to X tons, increasing by 8.9% compared with the previous year. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 12%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles imports totaled $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 18%. Over the period under review, imports attained the peak figure in 2021 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 Japan (X tons), China (X tons) and South Korea (X tons), together resulting at 95% of total import. Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported non-woven glass fibre webs, felts, mattresses and boards in Eastern Asia, comprising 48% of total imports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total imports. It was followed by Japan, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +4.9%. In the other countries, the average annual rates were as follows: South Korea (+2.3% per year) and Japan (+3.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 2.5% against the previous year. Over the period under review, the import price, however, showed a mild decline. The growth pace was the most rapid in 2019 an increase of 7.9%. The level of import peaked 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 Hong Kong SAR ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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