China: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in China

The Chinese glass in the mass market skyrocketed to $X in 2022, growing by 30% against the previous year. Overall, consumption, however, recorded a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in China

In value terms, glass in the mass production totaled $X in 2022 estimated in export price. Overall, production, however, saw a noticeable descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 34%. Glass in the mass production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Glass in The Mass

Exports from China

In 2022, the amount of glass in the mass exported from China contracted to X tons, waning by -9.6% compared with 2021 figures. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.3% against 2013 indices. The growth pace was the most rapid in 2016 when exports increased by 40%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, glass in the mass exports surged to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 50%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Japan (X tons) and Oman (X tons) were the main destinations of glass in the mass exports from China, with a combined 65% share of total exports. Thailand, South Korea, Bangladesh, the United States, India and the Netherlands lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +48.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass in the mass exported from China were Thailand ($X), Japan ($X) and Malaysia ($X), with a combined 67% share of total exports.

Thailand, with a CAGR of +51.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, rising by 49% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Oman ($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 the Netherlands (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into China

In 2022, imports of glass in the mass into China contracted rapidly to X tons, shrinking by -19.6% on the previous year's figure. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +22.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, glass in the mass imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Japan (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of glass in the mass imports to China, together comprising 84% of total imports. The UK, France and South Korea lagged somewhat behind, together accounting for a further 9.4%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +73.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Germany ($X) were the largest glass in the mass suppliers to China, with a combined 83% share of total imports. The UK, France and South Korea lagged somewhat behind, together comprising a further 13%.

France, with a CAGR of +78.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 glass in the mass import price amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +60.5% against 2016 indices. The growth pace was the most rapid in 2014 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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