ASEAN: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in ASEAN

The ASEAN multiple-walled insulating glass unit market reached $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in ASEAN

In value terms, multiple-walled insulating glass unit production stood at $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in ASEAN

In 2021, the amount of multiple-walled insulating units of glass exported in ASEAN soared to X square meters, picking up by 67% against the year before. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 115% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, multiple-walled insulating glass unit exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Malaysia (X square meters) was the largest exporter of multiple-walled insulating units of glass, mixing up 36% of total exports. It was distantly followed by Singapore (X square meters), Vietnam (X square meters), Lao People's Democratic Republic (X square meters) and Indonesia (X square meters), together committing a 61% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of +2,720.4%), while the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) remains the largest multiple-walled insulating glass unit supplier in ASEAN, comprising 86% of total exports. The second position in the ranking was held by Singapore ($X), with a 4% share of total exports. It was followed by Vietnam, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Lao People's Democratic Republic stood at +1,674.5%. In the other countries, the average annual rates were as follows: Singapore (+12.3% per year) and Vietnam (+6.7% per year).

Export Prices by Country

The export price in ASEAN stood at $X per square meter in 2021, growing by 278% against the previous year. Overall, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-2.3%), while the other leaders experienced a decline in the export price figures.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in ASEAN

In 2021, imports of multiple-walled insulating units of glass in ASEAN rose significantly to X square meters, growing by 15% against the previous year. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by 56% against the previous year. As a result, imports reached the peak of X square meters. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, multiple-walled insulating glass unit imports shrank to $X in 2021. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of multiple-walled insulating units of glass, namely the Philippines, Thailand and Vietnam, represented more than two-thirds of total import. Cambodia (X square meters) ranks next in terms of the total imports with an 11% share, followed by Indonesia (7.6%), Singapore (5.6%) and Malaysia (5.2%).

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest multiple-walled insulating glass unit importing markets in ASEAN were Thailand ($X), the Philippines ($X) and Vietnam ($X), together accounting for 60% of total imports. These countries were followed by Cambodia, Singapore, Malaysia and Indonesia, which together accounted for a further 39%.

Cambodia, with a CAGR of +28.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per square meter, which is down by -17.5% against the previous year. In general, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by 8.1% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform