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

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

In 2021, the Asia-Pacific multiple-walled insulating glass unit market decreased by -0.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when the market value increased by 9.2%. Over the period under review, the market hit record highs at $X in 2020, and then declined modestly in the following year.

Production of Multiple-Walled Insulating Units Of Glass in Asia-Pacific

In value terms, multiple-walled insulating glass unit production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 8.8% against the previous year. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Asia-Pacific

In 2021, exports of multiple-walled insulating units of glass in Asia-Pacific surged to X square meters, picking up by 16% against the year before. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. Over the period under review, the exports attained the maximum at X square meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. In general, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X square meters, which was near 92% of total exports in 2021. The following exporters - Malaysia (X square meters) and India (X square meters) - each finished at a 4.2% 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%) and India (+15.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +40.1% from 2012-2021. From 2012 to 2021, the share of Malaysia increased by +2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest multiple-walled insulating glass unit supplier in Asia-Pacific, comprising 71% of total exports. The second position in the ranking was taken by India ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +9.5%. In the other countries, the average annual rates were as follows: India (+15.4% per year) and Malaysia (+28.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2021, growing by 33% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, the export price attained 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 India ($X per square meter), while Malaysia ($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 India (+0.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Asia-Pacific

Multiple-walled insulating glass unit imports surged to X square meters in 2021, growing by 16% on the previous year's figure. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, multiple-walled insulating glass unit imports rose remarkably to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 50% against the previous year. 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 the Philippines (X square meters), Thailand (X square meters), Vietnam (X square meters), Australia (X square meters), Cambodia (X square meters), Hong Kong SAR (X square meters), Taiwan (Chinese) (X square meters), New Zealand (X square meters), South Korea (X square meters), Indonesia (X square meters), Bangladesh (X square meters) and Singapore (X square meters), together resulting at 88% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by New Zealand (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 32% of total imports. Taiwan (Chinese), Vietnam, Hong Kong SAR, Cambodia, New Zealand, Singapore, South Korea, Indonesia and Bangladesh lagged somewhat behind, together comprising a further 49%.

Taiwan (Chinese), with a CAGR of +30.4%, recorded 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

The import price in Asia-Pacific stood at $X per square meter in 2021, with a decrease of -4.6% against the previous year. In general, the import price showed a slight decrease. The growth pace was the most rapid in 2013 an increase of 14%. 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

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