Australia: 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 Australia

The Australian 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 surged to $X in 2022, growing by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +125.8% against 2020 indices. Consumption of peaked in 2022 and is likely to continue growth in years to come.

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 from Australia

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 from Australia reduced remarkably to X square meters in 2022, falling by -18.7% against the previous year. Overall, exports continue to indicate a slight decline. The growth pace was the most rapid in 2016 when exports increased by 4,544%. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

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 shrank to $X in 2022. Over the period under review, exports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of 4,780%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X square meters) was the main destination for 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 from Australia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled -1.6%.

In value terms, New Zealand ($X) also remains the key foreign 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 exports from Australia.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +4.2%.

Export Prices by Country

In 2022, the average export price 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 amounted to $X per square meter, with an increase of 6% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +5.8% per year.

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 into Australia

In 2022, 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 into Australia stood at X square meters, picking up by 11% on the year before. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

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 surged to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +114.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 64%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Malaysia (X square meters), China (X square meters) and Indonesia (X square meters) were the main suppliers of 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 to Australia, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +48.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) constituted 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 suppliers to Australia, with a combined 84% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +50.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price 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 amounted to $X per square meter, jumping by 18% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price 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 increased by +38.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while the price for Thailand ($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 Saudi Arabia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform