Turkey: 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 Turkey

The Turkish non-woven glass fibre articles market expanded sharply to $X in 2021, growing by 8.3% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 -13.0% against 2019 indices. Non-woven glass fibre articles consumption peaked 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 Turkey

In value terms, non-woven glass fibre articles production expanded sharply to $X in 2021 estimated in export price. In general, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Over the period under review, production attained the peak 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 from Turkey

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards exported from Turkey soared to X tons, growing by 22% compared with the previous year's figure. In general, exports enjoyed a resilient increase. The growth pace was the most rapid in 2015 when exports increased by 64%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-woven glass fibre articles exports skyrocketed to $X in 2021. Overall, exports showed prominent growth. The growth pace was the most rapid in 2015 when exports increased by 48%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Israel (X tons), Romania (X tons) and Bulgaria (X tons) were the main destinations of non-woven glass fibre articles exports from Turkey, together accounting for 44% of total exports. These countries were followed by Egypt, Thailand, Australia, Serbia, Greece, Russia, Iraq, Poland, Azerbaijan and Georgia, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +794.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Turkey, comprising 20% of total exports. The second position in the ranking was held by Romania ($X), with a 9.3% share of total exports. It was followed by Bulgaria, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel stood at +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+53.9% per year) and Bulgaria (+30.8% per year).

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price showed a noticeable reduction. The growth pace was the most rapid in 2018 an increase of 8.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Romania ($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 Thailand (+11.0%), 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 Turkey

In 2021, purchases abroad of non-woven glass fibre webs, felts, mattresses and boards increased by 75% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, imports, however, saw a deep contraction. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-woven glass fibre articles imports skyrocketed to $X in 2021. Overall, imports continue to indicate mild growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest non-woven glass fibre articles supplier to Turkey, accounting for a 56% share of total imports. Moreover, non-woven glass fibre articles imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.8% per year) and France (+5.1% per year).

In value terms, Germany ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Turkey, comprising 42% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by France, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +45.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.8% per year) and France (+5.8% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, picking up by 5.9% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 50%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Germany ($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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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