Australia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Australia

After four years of decline, the Australian market for drawn glass and blown glass increased by 0.1% to $X in 2021. Overall, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Drawn Glass And Blown Glass in Australia

In value terms, drawn glass and blown glass production amounted to $X in 2021 estimated in export price. Overall, production showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Australia

In 2021, shipments abroad of drawn glass and blown glass decreased by -48.9% to X square meters, falling for the fourth consecutive year after two years of growth. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 257% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports dropped dramatically to $X in 2021. In general, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2014 with an increase of 355%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X square meters), French Polynesia (X square meters) and the United States (X square meters) were the main destinations of drawn glass and blown glass exports from Australia, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +9.4%), while the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X), French Polynesia ($X) and the United States ($X) were the largest markets for drawn glass and blown glass exported from Australia worldwide, with a combined 98% share of total exports.

Among the main countries of destination, New Zealand, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, surging by 44% against the previous year. In general, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 103%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per square meter) and French Polynesia ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) and New Zealand ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into Australia

Drawn glass and blown glass imports into Australia dropped dramatically to X square meters in 2021, which is down by -58.7% compared with 2020. Over the period under review, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 747% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. Overall, imports saw a deep slump. The growth pace was the most rapid in 2019 when imports increased by 313%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X square meters) constituted the largest supplier of drawn glass and blown glass to Australia, accounting for a 65% share of total imports. Moreover, drawn glass and blown glass imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X square meters), fivefold. The third position in this ranking was held by France (X square meters), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.2% per year) and France (-17.1% per year).

In value terms, Germany ($X) constituted the largest supplier of drawn glass and blown glass to Australia, comprising 56% of total imports. The second position in the ranking was taken by the UK ($X), with a 21% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+14.7% per year) and France (-17.2% per year).

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, jumping by 219% against the previous year. In general, the import price continues to indicate a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for India ($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 (+44.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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