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

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

The Asian multiple-walled insulating glass unit market totaled $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 9.7%. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Production of Multiple-Walled Insulating Units Of Glass in Asia

In value terms, multiple-walled insulating glass unit production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 9%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Asia

Multiple-walled insulating glass unit exports soared to X square meters in 2021, picking up by 21% against 2020. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of multiple-walled insulating units of glass in Asia, with the volume of exports amounting to X square meters, which was approx. 61% of total exports in 2021. It was distantly followed by Turkey (X square meters), comprising a 26% share of total exports. The United Arab Emirates (X square meters), Saudi Arabia (X square meters) and Malaysia (X square meters) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to multiple-walled insulating glass unit exports from China stood at +9.4%. At the same time, Malaysia (+40.1%), Saudi Arabia (+28.0%) and Turkey (+5.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +40.1% from 2012-2021. By contrast, the United Arab Emirates (-8.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +10 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest multiple-walled insulating glass unit supplier in Asia, comprising 53% of total exports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 4.6% share.

In China, multiple-walled insulating glass unit exports expanded at an average annual rate of +9.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+7.6% per year) and the United Arab Emirates (-7.6% per year).

Export Prices by Country

The export price in Asia stood at $X per square meter in 2021, jumping by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. 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 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Saudi Arabia ($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 Turkey (+1.7%), while the other leaders experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Asia

Multiple-walled insulating glass unit imports soared to X square meters in 2021, increasing by 34% on the previous year's figure. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.1% against 2019 indices. The volume of import peaked at X square meters in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 37%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of multiple-walled insulating glass unit imports in 2021 were Israel (X square meters), the Philippines (X square meters), Thailand (X square meters), Kuwait (X square meters) and Vietnam (X square meters), together resulting at 45% of total import. The following importers - Uzbekistan (X square meters), the United Arab Emirates (X square meters), Cambodia (X square meters), Qatar (X square meters), Hong Kong SAR (X square meters), Taiwan (Chinese) (X square meters), South Korea (X square meters) and Indonesia (X square meters) - together made up 28% of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +122.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported multiple-walled insulating units of glass in Asia, comprising 16% of total imports. The second position in the ranking was taken by Thailand ($X), with a 7.1% share of total imports. It was followed by the Philippines, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel totaled +38.4%. In the other countries, the average annual rates were as follows: Thailand (+11.8% per year) and the Philippines (+16.9% per year).

Import Prices by Country

The import price in Asia stood at $X per square meter in 2021, shrinking by -8% against the previous year. In general, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2018 when the import price increased by 15% against the previous year. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while Vietnam ($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 Cambodia (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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