Australia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Australia

In 2022, the Australian glass in the mass market increased by 7.4% to $X, rising for the fourth year in a row after two years of decline. In general, consumption enjoyed significant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Production of Glass in The Mass in Australia

In value terms, glass in the mass production shrank markedly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 117,439,900%. Glass in the mass production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Glass in The Mass

Exports from Australia

In 2022, shipments abroad of glass in the mass decreased by -76.8% to X tons, falling for the fifth consecutive year after four years of growth. Overall, exports recorded a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 259% against the previous year. Over the period under review, the glass in mass exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, glass in the mass exports reduced remarkably to $X in 2022. In general, exports faced a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 115%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for glass in the mass exports from Australia, with a 91% share of total exports. Moreover, glass in the mass exports to Malaysia exceeded the volume sent to the second major destination, India (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-35.0% per year) and Thailand (-15.3% per year).

In value terms, Malaysia ($X) remains the key foreign market for glass in the mass exports from Australia, comprising 73% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by Thailand, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.8% per year) and Thailand (-22.8% per year).

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, surging by 35% against the previous year. In general, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2020 when the average export price increased by 317% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+54.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Australia

In 2022, purchases abroad of glass in the mass decreased by -6.4% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 248% against the previous year. Over the period under review, glass in mass imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports fell modestly to $X in 2022. Over the period under review, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 149% against the previous year. Over the period under review, glass in mass imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of glass in the mass to Australia, with a 90% share of total imports. Moreover, glass in the mass imports from New Zealand exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.7% per year) and China (+19.2% per year).

In value terms, New Zealand ($X) constituted the largest supplier of glass in the mass to Australia, comprising 79% of total imports. The second position in the ranking was held by Japan ($X), with a 9.1% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.4% per year) and China (+24.9% per year).

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, surging by 4.4% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass in the mass import price increased by +26.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 97%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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