Malaysia: 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 Malaysia

In 2021, the Malaysian non-woven glass fibre articles market decreased by -15.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.4% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, non-woven glass fibre articles production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 91% against the previous year. 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 Malaysia

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards exported from Malaysia surged to X tons, growing by 1,097% against the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-woven glass fibre articles exports surged to $X in 2021. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), New Zealand (X tons) and South Korea (X tons) were the main destinations of non-woven glass fibre articles exports from Malaysia, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +134.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-woven glass fibre articles exported from Malaysia were Australia ($X), New Zealand ($X) and South Korea ($X), with a combined 94% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +111.9%, saw the highest growth rate of 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, shrinking by -46.6% against the previous year. Overall, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per ton, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to South Korea ($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 New Zealand (+6.1%), 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 Malaysia

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards imported into Malaysia surged to X tons, rising by 40% against the previous year. Over the period under review, imports, however, recorded a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. In general, imports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main non-woven glass fibre articles supplier to Malaysia, with a 92% share of total imports. Moreover, non-woven glass fibre articles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.3% per year) and South Korea (+49.3% per year).

In value terms, China ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Malaysia, comprising 88% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.8% share of total imports. It was followed by South Korea, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and South Korea (+43.2% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, declining by -3.2% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2016 an increase of 51% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per ton) and Singapore ($X per ton), while the price for China ($X per ton) and South Korea ($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 (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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