Asia: 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 2024

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 Asia

In 2022, the Asian 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 decreased by -5.4% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a 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 Asia

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 stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 18%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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 Asia

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 surged to X square meters in 2022, jumping by 46% on the year before. Total exports indicated slight growth 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, exports increased by +76.3% against 2018 indices. 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 glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.4% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates ground structure, finishing at X square meters, which was approx. 56% of total exports in 2022. Taiwan (Chinese) (X square meters) held the second position in the ranking, followed by Japan (X square meters), Thailand (X square meters) and South Korea (X square meters). All these countries together took near 24% share of total exports. The following exporters - Turkey (X square meters) and the United Arab Emirates (X square meters) - each resulted at a 6.4% share of total exports.

China 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 +13.1% from 2012 to 2022. At the same time, Turkey (+12.1%) and Taiwan (Chinese) (+2.1%) displayed positive paces of growth. By contrast, Thailand (-1.2%), the United Arab Emirates (-4.9%), South Korea (-10.2%) and Japan (-14.0%) illustrated a downward trend over the same period. While the share of China (+38 p.p.) and Turkey (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-2.5 p.p.), South Korea (-10.3 p.p.) and Japan (-27.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier in Asia, comprising 55% of total exports. The second position in the ranking was held by Japan ($X), with a 9.3% share of total exports. It was followed by Taiwan (Chinese), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +18.2%. In the other countries, the average annual rates were as follows: Japan (-8.9% per year) and Taiwan (Chinese) (+2.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per square meter, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 when the export price increased by 25% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 South Korea ($X per square meter), while the United Arab Emirates ($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 South Korea (+6.3%), 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 Asia

In 2022, purchases 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 decreased by -8.4% to X square meters, falling for the second year in a row after four years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 8.7%. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak figure at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

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 contracted slightly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China was the key importer 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 Asia, with the volume of imports recording X square meters, which was near 36% of total imports in 2022. South Korea (X square meters) held the second position in the ranking, followed by Kazakhstan (X square meters), India (X square meters), Turkey (X square meters) and Taiwan (Chinese) (X square meters). All these countries together took approx. 32% share of total imports. The following importers - Hong Kong SAR (X square meters), Vietnam (X square meters), Uzbekistan (X square meters), Japan (X square meters), the United Arab Emirates (X square meters) and Sri Lanka (X square meters) - together made up 15% of total imports.

Imports into China increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, India (+22.0%), the United Arab Emirates (+8.7%), Uzbekistan (+6.9%), Sri Lanka (+2.3%), Kazakhstan (+2.3%) and Turkey (+1.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +22.0% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.5%), South Korea (-4.6%), Japan (-12.0%) and Taiwan (Chinese) (-14.5%) illustrated a downward trend over the same period. While the share of China (+15 p.p.), India (+4.9 p.p.) and Uzbekistan (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-5.5 p.p.), Japan (-5.7 p.p.) and Taiwan (Chinese) (-17.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Asia, comprising 38% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with a 7.6% share.

In China, 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 increased at an average annual rate of +3.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+0.8% per year) and Hong Kong SAR (-6.8% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per square meter, picking up by 3.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while Uzbekistan ($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 South Korea (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform