Eastern Asia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Eastern Asia

In 2021, the East Asian market for drawn glass and blown glass was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2017 with an increase of 7% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Drawn Glass And Blown Glass in Eastern Asia

In value terms, drawn glass and blown glass production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 2.2%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in Eastern Asia

For the ninth year in a row, Eastern Asia recorded decline in overseas shipments of drawn glass and blown glass, which decreased by -5.3% to X square meters in 2021. Overall, exports continue to indicate a dramatic descent. The smallest decline of -0.8% was in 2015. The volume of export peaked at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports reached $X in 2021. Over the period under review, exports showed a deep setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan represented the main exporter of drawn glass and blown glass in Eastern Asia, with the volume of exports finishing at X square meters, which was near 84% of total exports in 2021. It was distantly followed by China (X square meters), generating an 11% share of total exports. Taiwan (Chinese) (X square meters) followed a long way behind the leaders.

Exports from Japan decreased at an average annual rate of -19.5% from 2012 to 2021. Taiwan (Chinese) (-15.7%) and China (-24.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan and Taiwan (Chinese) increased by +14 and +1.9 percentage points, respectively.

In value terms, Japan ($X) remains the largest drawn glass and blown glass supplier in Eastern Asia, comprising 88% of total exports. The second position in the ranking was held by China ($X), with a 7.2% share of total exports.

In Japan, drawn glass and blown glass exports contracted by an average annual rate of -16.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (-4.1% per year) and Taiwan (Chinese) (-21.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per square meter, increasing by 7.8% against the previous year. Export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawn glass and blown glass export price increased by +91.2% against 2015 indices. The pace of growth was the most pronounced in 2016 an increase of 28%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per square meter), while China ($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 (+26.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Drawn Glass And Blown Glass

Imports in Eastern Asia

In 2021, purchases abroad of drawn glass and blown glass was finally on the rise to reach X square meters after four years of decline. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X square meters) and Taiwan (Chinese) (X square meters) represented the key importers of drawn glass and blown glass in Eastern Asia, together generating 76% of total imports. It was distantly followed by Japan (X square meters), mixing up a 20% share of total imports. China (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +14.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest drawn glass and blown glass importing markets in Eastern Asia were South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X), together accounting for 96% of total imports.

Japan, with a CAGR of -7.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per square meter, reducing by -4% against the previous year. Overall, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 15%. Over the period under review, import prices attained the maximum at $X per square meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while Japan ($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 South Korea (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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