Asia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Asia

In 2021, the Asian market for drawn glass and blown glass was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the market value increased by 8.5% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in Asia

In value terms, drawn glass and blown glass production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports in Asia

In 2021, the amount of drawn glass and blown glass exported in Asia contracted slightly to X square meters, waning by -4.4% compared with 2020 figures. Overall, exports continue to indicate a significant curtailment. The smallest decline of -3% was in 2015. Over the period under review, the exports reached the maximum at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports stood at $X in 2021. In general, exports faced a abrupt decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan dominates exports structure, accounting for X square meters, which was approx. 74% of total exports in 2021. It was distantly followed by China (X square meters), mixing up a 9.6% share of total exports. The following exporters - Saudi Arabia (X square meters), India (X square meters), Taiwan (Chinese) (X square meters) and Iran (X square meters) - together made up 14% of total exports.

Exports from Japan decreased at an average annual rate of -19.5% from 2012 to 2021. At the same time, India (+20.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +20.3% from 2012-2021. By contrast, Saudi Arabia (-10.1%), Taiwan (Chinese) (-15.7%), Iran (-19.2%) and China (-24.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, India and Saudi Arabia increased by +5.9, +3.7 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest drawn glass and blown glass supplier in Asia, comprising 82% of total exports. The second position in the ranking was held by China ($X), with a 6.7% share of total exports. It was followed by Saudi Arabia, with a 4.5% share.

In Japan, drawn glass and blown glass exports shrank by an average annual rate of -16.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-4.1% per year) and Saudi Arabia (-5.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per square meter, rising by 6.8% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawn glass and blown glass export price increased by +79.7% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 27%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per square meter), while Iran ($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 China (+26.5%), while the other leaders experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports in Asia

For the ninth year in a row, Asia recorded decline in purchases abroad of drawn glass and blown glass, which decreased by -0.3% to X square meters in 2021. In general, imports saw a abrupt curtailment. The volume of import peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports expanded sharply to $X in 2021. Over the period under review, imports showed a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X square meters) and Taiwan (Chinese) (X square meters) represented the largest importers of drawn glass and blown glass in Asia, together mixing up 47% of total imports. Japan (X square meters) held the next position in the ranking, followed by Mongolia (X square meters) and India (X square meters). All these countries together took approx. 28% share of total imports. Armenia (X square meters), Turkey (X square meters), Malaysia (X square meters), Sri Lanka (X square meters), China (X square meters), Nepal (X square meters), Kuwait (X square meters) and Lao People's Democratic Republic (X square meters) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest drawn glass and blown glass importing markets in Asia were South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 84% share of total imports. China, Malaysia, India, Mongolia, Kuwait, Armenia, Lao People's Democratic Republic, Turkey, Nepal and Sri Lanka lagged somewhat behind, together comprising a further 10%.

Kuwait, with a CAGR of +32.7%, saw the highest growth rate of the value of imports, in terms of 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 Asia amounted to $X per square meter, rising by 12% against the previous year. Overall, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when the import price increased by 22% against the previous year. Over the period under review, import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while Sri Lanka ($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 India (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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