ASEAN: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2025

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in ASEAN

The ASEAN market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose notably to $X in 2022, growing by 6.4% against the previous year. In general, consumption saw a perceptible increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in ASEAN

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reached $X in 2022 estimated in export price. Overall, production recorded tangible growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 48% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports in ASEAN

In 2022, overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -12% to X square meters for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reduced to $X in 2022. Over the period under review, exports showed a noticeable descent. The growth pace was the most rapid in 2014 when exports increased by 22% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand dominates ground structure, amounting to X square meters, which was near 90% of total exports in 2022. Malaysia (X square meters), Indonesia (X square meters) and Vietnam (X square meters) held a relatively small share of total exports.

Thailand was also the fastest-growing in terms of the float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports, with a CAGR of -1.2% from 2012 to 2022. Malaysia (-9.7%), Indonesia (-18.1%) and Vietnam (-18.9%) illustrated a downward trend over the same period. Thailand (+28 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Vietnam and Indonesia saw its share reduced by -2.4%, -8.8% and -10% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier in ASEAN, comprising 92% of total exports. The second position in the ranking was held by Vietnam ($X), with a 2.5% share of total exports. It was followed by Malaysia, with a 2.4% share.

In Thailand, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded at an average annual rate of +1.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-14.5% per year) and Malaysia (-9.4% per year).

Export Prices by Country

The export price in ASEAN stood at $X per square meter in 2022, picking up by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 when the export price increased by 27%. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.3%), while the other leaders experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports in ASEAN

In 2022, after three years of decline, there was significant growth in supplies from abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when their volume increased by 11% to X square meters. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 26% against the previous year. The volume of import peaked at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam represented the main importing country with an import of around X square meters, which recorded 30% of total imports. It was distantly followed by Cambodia (X square meters), Myanmar (X square meters), the Philippines (X square meters), Indonesia (X square meters), Malaysia (X square meters) and Singapore (X square meters), together constituting a 65% share of total imports.

Vietnam experienced a relatively flat trend pattern with regard to volume of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground. At the same time, Cambodia (+28.2%), Myanmar (+25.1%), the Philippines (+22.4%) and Indonesia (+14.5%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +28.2% from 2012-2022. By contrast, Singapore (-7.5%) and Malaysia (-8.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cambodia, Myanmar, the Philippines and Indonesia increased by +13, +13, +11 and +8.2 percentage points, respectively.

In value terms, Vietnam ($X), the Philippines ($X) and Cambodia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 64% of total imports.

Among the main importing countries, Cambodia, with a CAGR of +29.1%, saw 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

The import price in ASEAN stood at $X per square meter in 2022, growing by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 10%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform