ASEAN: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in ASEAN

The ASEAN market for float glass and surface ground or polished glass rose slightly to $X in 2022, increasing by X% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Production of Float Glass And Surface Ground or Polished Glass in ASEAN

In value terms, production of float glass and surface ground or polished glass fell to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in ASEAN

In 2022, overseas shipments of float glass and surface ground or polished glass increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of float glass and surface ground or polished glass surged to $X in 2022. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia represented the largest exporter of float glass and surface ground or polished glass in ASEAN, with the volume of exports reaching X square meters, which was near X% of total exports in 2022. It was distantly followed by Thailand (X square meters) and Indonesia (X square meters), together constituting a X% share of total exports. Vietnam (X square meters) took a relatively small share of total exports.

Malaysia was also the fastest-growing in terms of the float glass and surface ground or polished glass exports, with a CAGR of X% from 2012 to 2022. Thailand experienced a relatively flat trend pattern. Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Indonesia and Vietnam saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) emerged as the largest float glass and surface ground or polished glass supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Malaysia, exports of float glass and surface ground or polished glass increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per square meter in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per square meter in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while Thailand ($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 (X%), while the other leaders experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in ASEAN

In 2022, the amount of float glass and surface ground or polished glass imported in ASEAN shrank modestly to X square meters, falling by X% compared with the previous year's figure. In general, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass skyrocketed to $X in 2022. Overall, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia was the major importer of float glass and surface ground or polished glass in ASEAN, with the volume of imports resulting at X square meters, which was approx. X% of total imports in 2022. Vietnam (X square meters) took the second position in the ranking, followed by the Philippines (X square meters), Myanmar (X square meters), Cambodia (X square meters) and Indonesia (X square meters). All these countries together held approx. X% share of total imports. Thailand (X square meters) followed a long way behind the leaders.

Malaysia experienced a relatively flat trend pattern with regard to volume of imports of float glass and surface ground or polished glass. At the same time, Myanmar (X%), the Philippines (X%), Cambodia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), the Philippines (X p.p.), Myanmar (X p.p.), Cambodia (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported float glass and surface ground or polished glass in ASEAN, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia amounted to X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per square meter), while Myanmar ($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 Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform