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

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

The Asian market for float glass and surface ground or polished glass amounted to $X in 2022, approximately mirroring 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. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

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

In value terms, production of float glass and surface ground or polished glass reduced to $X in 2022 estimated in export price. The total production indicated a notable 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 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in Asia

In 2022, exports of float glass and surface ground or polished glass in Asia dropped modestly to X square meters, shrinking by X% compared with the year before. Overall, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground or polished glass skyrocketed to $X in 2022. Total exports indicated prominent 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X square meters) and Malaysia (X square meters) represented the major exporters of float glass and surface ground or polished glass in Asia, together accounting for near X% of total exports. Japan (X square meters) took the next position in the ranking, followed by Thailand (X square meters), South Korea (X square meters) and Turkey (X square meters). All these countries together held approx. X% share of total exports. India (X square meters), Iran (X square meters), Saudi Arabia (X square meters), the United Arab Emirates (X square meters), Hong Kong SAR (X square meters), Kyrgyzstan (X square meters) and Indonesia (X square meters) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

In China, 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: Malaysia (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per square meter in 2022, rising by X% against the previous year. In general, the export price saw a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per square meter), while Kyrgyzstan ($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 China (X%), while the other leaders experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in Asia

Imports of float glass and surface ground or polished glass declined to X square meters in 2022, shrinking by X% on the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports reached the peak of X square meters. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of float glass and surface ground or polished glass totaled $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, China (X square meters) and India (X square meters) were the main importers of float glass and surface ground or polished glass in Asia, together comprising X% of total imports. Turkey (X square meters) took the next position in the ranking, followed by South Korea (X square meters), Malaysia (X square meters) and Kazakhstan (X square meters). All these countries together held approx. X% share of total imports. The following importers - the United Arab Emirates (X square meters), Japan (X square meters), Hong Kong SAR (X square meters), Vietnam (X square meters), the Philippines (X square meters), Qatar (X square meters) and Nepal (X square meters) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground or polished glass importing markets in Asia were China ($X), India ($X) and South Korea ($X), together comprising X% of total imports. Malaysia, Turkey, Hong Kong SAR, the United Arab Emirates, Kazakhstan, Japan, the Philippines, Vietnam, Qatar and Nepal lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, 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

The import price in Asia stood at $X per square meter in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

Source: IndexBox Platform

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