Russian Federation: 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 the Russian Federation

The Russian non-woven glass fibre articles market skyrocketed to $X in 2021, increasing by 18% against the previous year. Overall, consumption, however, continues to indicate a slight curtailment. Non-woven glass fibre articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in the Russian Federation

In value terms, non-woven glass fibre articles production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Non-woven glass fibre articles production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from the Russian Federation

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards increased by 4% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -26.1% against 2017 indices. The growth pace was the most rapid in 2017 when exports increased by 44% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons) was the main destination for non-woven glass fibre articles exports from Russia, with a 39% share of total exports. Moreover, non-woven glass fibre articles exports to Ukraine exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+2.5% per year) and the UK (+253.4% per year).

In value terms, Ukraine ($X), Kazakhstan ($X) and Belarus ($X) appeared to be the largest markets for non-woven glass fibre articles exported from Russia worldwide, with a combined 56% share of total exports. The UK, Uzbekistan, Mongolia, Finland, the Czech Republic, Kyrgyzstan, Poland and Serbia lagged somewhat behind, together accounting for a further 36%.

The UK, with a CAGR of +253.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, increasing by 17% against the previous year. Overall, the export price, however, saw a perceptible setback. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the 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 Mongolia ($X per ton), while the average price for exports to Serbia ($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 the UK (-0.0%), while the prices for the other major destinations experienced a decline.

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

Imports into the Russian Federation

In 2021, non-woven glass fibre articles imports into Russia skyrocketed to X tons, picking up by 24% compared with the previous year. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 38%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, non-woven glass fibre articles imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belarus (X tons) constituted the largest non-woven glass fibre articles supplier to Russia, with a 36% share of total imports. Moreover, non-woven glass fibre articles imports from Belarus exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by China (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.3% per year) and China (-26.9% per year).

In value terms, Sweden ($X), the United States ($X) and China ($X) constituted the largest non-woven glass fibre articles suppliers to Russia, with a combined 50% share of total imports. The Netherlands, Germany, Belarus, Ukraine, Finland, Turkey and Poland lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Ukraine, with a CAGR of +29.7%, recorded the highest growth rate of 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 2021, the average non-woven glass fibre articles import price amounted to $X per ton, rising by 16% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 53%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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