CIS: Safety Glass Market 2024

Safety Glass Market Size in CIS

The CIS safety glass market declined to $X in 2022, reducing by -1.5% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Safety Glass Production in CIS

In value terms, safety glass production declined slightly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Safety Glass Exports

Exports in CIS

In 2022, the amount of safety glass exported in the CIS dropped rapidly to X square meters, shrinking by -24.4% on the previous year's figure. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 116%. Over the period under review, the exports reached the peak figure at X square meters in 2021, and then shrank remarkably in the following year.

In value terms, safety glass exports fell notably to $X in 2022. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 149% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Russia represented the largest exporter of safety glass in the CIS, with the volume of exports amounting to X square meters, which was near 69% of total exports in 2022. It was distantly followed by Belarus (X square meters), mixing up a 30% share of total exports.

Russia was also the fastest-growing in terms of the safety glass exports, with a CAGR of +23.1% from 2012 to 2022. At the same time, Belarus (+9.6%) displayed positive paces of growth. From 2012 to 2022, the share of Russia increased by +27 percentage points.

In value terms, Russia ($X) remains the largest safety glass supplier in the CIS, comprising 80% of total exports. The second position in the ranking was held by Belarus ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +16.9%.

Export Prices by Country

The export price in the CIS stood at $X per square meter in 2022, growing by 10% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per square meter), while Belarus totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-3.4%).

Safety Glass Imports

Imports in CIS

In 2022, supplies from abroad of safety glass decreased by -4.3% to X square meters for the first time since 2015, thus ending a six-year rising trend. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2021, and then contracted slightly in the following year.

In value terms, safety glass imports shrank to $X in 2022. Overall, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 31%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, reaching X square meters, which was approx. 88% of total imports in 2022. Kazakhstan (X square meters), Belarus (X square meters) and Moldova (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to safety glass imports into Russia stood at +5.3%. At the same time, Moldova (+6.8%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of +6.8% from 2012-2022. By contrast, Kazakhstan (-6.0%) and Belarus (-14.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by +17 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported safety glass in the CIS, comprising 79% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 7.7% share of total imports. It was followed by Belarus, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-0.4% per year) and Belarus (-11.7% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per square meter, shrinking by -5.2% against the previous year. In general, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when the import price increased by 18%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per square meter), while Russia ($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 Kazakhstan (+6.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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