South-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 South-Eastern Asia

In 2021, the Southeast Asian non-woven glass fibre articles market decreased by -0.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then fell slightly in the following year.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in South-Eastern Asia

In value terms, non-woven glass fibre articles production expanded to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 72% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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

Exports in South-Eastern Asia

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards increased by 364% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw strong growth. 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 skyrocketed to $X in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Malaysia (X tons) represented the largest exporter of non-woven glass fibre webs, felts, mattresses and boards, comprising 68% of total exports. It was distantly followed by Thailand (X tons), making up a 29% share of total exports.

Malaysia was also the fastest-growing in terms of the non-woven glass fibre webs, felts, mattresses and boards exports, with a CAGR of +50.9% from 2012 to 2021. At the same time, Thailand (+3.1%) displayed positive paces of growth. While the share of Malaysia (+63 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-45.6 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) emerged as the largest non-woven glass fibre articles supplier in South-Eastern Asia, comprising 60% of total exports. The second position in the ranking was held by Thailand ($X), with a 30% share of total exports.

In Malaysia, non-woven glass fibre articles exports increased at an average annual rate of +47.8% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, dropping by -38.9% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by 25% against the previous year. The level of export peaked at $X per ton in 2020, and then shrank remarkably in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%).

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

Imports in South-Eastern Asia

Non-woven glass fibre articles imports skyrocketed to X tons in 2021, picking up by 21% against the previous year's figure. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% 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 +26.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 +5.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 56%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Vietnam (X tons) represented the main importer of non-woven glass fibre webs, felts, mattresses and boards, committing 39% of total imports. Thailand (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons), Malaysia (X tons) and Myanmar (X tons). All these countries together took near 53% share of total imports. The following importers - Singapore (X tons) and the Philippines (X tons) - each amounted to a 7.5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 75% of total imports. Indonesia, Singapore, Myanmar and the Philippines lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, Myanmar, with a CAGR of +21.8%, recorded 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

The import price in South-Eastern Asia stood at $X per ton in 2021, rising by 9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2016 when the import price increased by 22%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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