Southern 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 Southern Asia

The South Asian non-woven glass fibre articles market rose slightly to $X in 2021, growing by 2.8% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

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

In value terms, non-woven glass fibre articles production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 28%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

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

Exports in Southern Asia

In 2021, after seven years of growth, there was significant decline in overseas shipments of non-woven glass fibre webs, felts, mattresses and boards, when their volume decreased by -8.5% to X tons. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 156% against the previous year. The volume of export peaked at X tons in 2020, and then reduced in the following year.

In value terms, non-woven glass fibre articles exports fell markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 121% against the previous year. The level of export peaked at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

In 2021, India (X tons) was the key exporter of non-woven glass fibre webs, felts, mattresses and boards in Southern Asia, generating 99% of total export.

India was also the fastest-growing in terms of the non-woven glass fibre webs, felts, mattresses and boards exports, with a CAGR of +32.1% from 2012 to 2021. India (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest non-woven glass fibre articles supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +27.2%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, waning by -13.9% against the previous year. Over the period under review, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of 30%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -3.7% per year.

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

Imports in Southern Asia

In 2021, overseas purchases of non-woven glass fibre webs, felts, mattresses and boards were finally on the rise to reach X tons after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles imports skyrocketed to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the key importer of non-woven glass fibre webs, felts, mattresses and boards in Southern Asia, with the volume of imports finishing at X tons, which was approx. 65% of total imports in 2021. Pakistan (X tons) ranks second in terms of the total imports with a 20% share, followed by Bangladesh (6.8%). The following importers - Sri Lanka (X tons) and Nepal (X tons) - together made up 6.4% of total imports.

Imports into India decreased at an average annual rate of -2.8% from 2012 to 2021. At the same time, Nepal (+33.1%), Pakistan (+10.7%), Bangladesh (+10.0%) and Sri Lanka (+7.4%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +33.1% from 2012-2021. From 2012 to 2021, the share of Pakistan, Bangladesh, Nepal and Sri Lanka increased by +12, +3.8, +2 and +1.9 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported non-woven glass fibre webs, felts, mattresses and boards in Southern Asia, comprising 63% of total imports. The second position in the ranking was held by Pakistan ($X), with a 23% share of total imports. It was followed by Bangladesh, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest. In the other countries, the average annual rates were as follows: Pakistan (+7.2% per year) and Bangladesh (+20.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with a decrease of -9.2% 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 12%. Over the period under review, import prices hit record highs at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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