Overview of the Global Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

The global non-woven glass fibre articles market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.2% against the previous year. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, non-woven glass fibre articles production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 8.5% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 26% against the previous year. The global exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by Belgium (X tons), the UK (X tons), the Czech Republic (X tons), Germany (X tons) and Russia (X tons) represented the largest exporters of non-woven glass fibre webs, felts, mattresses and boards, together constituting 60% of total exports. Canada (X tons), Turkey (X tons), Poland (X tons), France (X tons), Slovenia (X tons), Switzerland (X tons) and the United States (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +17.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-woven glass fibre articles supplying countries worldwide were China ($X), the United States ($X) and Belgium ($X), with a combined 40% share of global exports. The UK, Germany, Canada, France, the Czech Republic, Poland, Russia, Switzerland, Turkey and Slovenia lagged somewhat behind, together accounting for a further 35%.

Turkey, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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, surging by 10% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Russia ($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 United States (+21.2%), while the other global leaders experienced mixed trends in the export price figures.

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

Imports

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were imported worldwide; with an increase of 11% compared with the year before. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Over the period under review, global imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons), followed by the United States (X tons), Germany (X tons) and Poland (X tons) represented the key importers of non-woven glass fibre webs, felts, mattresses and boards, together generating 28% of total imports. Canada (X tons), Spain (X tons), the Netherlands (X tons), Belgium (X tons), Australia (X tons), the UK (X tons), Ukraine (X tons), Austria (X tons) and Denmark (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to non-woven glass fibre articles imports into France stood at +11.3%. At the same time, Ukraine (+66.1%), Australia (+25.6%), Austria (+19.0%), Spain (+11.6%), Poland (+10.5%), the Netherlands (+8.0%), Denmark (+5.4%), the UK (+2.3%) and the United States (+1.1%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in the world, with a CAGR of +66.1% from 2012-2021. Belgium and Canada experienced a relatively flat trend pattern. By contrast, Germany (-2.5%) illustrated a downward trend over the same period. While the share of France (+5.4 p.p.), Ukraine (+2.7 p.p.), Australia (+2.3 p.p.), Poland (+2 p.p.), Spain (+1.8 p.p.) and Austria (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the United States (-1.8 p.p.), Canada (-2 p.p.) and Germany (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-woven glass fibre articles importing markets worldwide were the United States ($X), France ($X) and Germany ($X), together accounting for 24% of global imports. Canada, Spain, Poland, the UK, the Netherlands, Austria, Belgium, Denmark, Australia and Ukraine lagged somewhat behind, together comprising a further 27%.

In terms of the main importing countries, Ukraine, with a CAGR of +51.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average non-woven glass fibre articles import price stood at $X per ton in 2021, with an increase of 7.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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