Eastern Asia: 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 Eastern Asia

The East Asian 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 contracted to $X in 2022, shrinking by -10.1% against the previous year. Over the period under review, consumption showed a slight shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production 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 in Eastern Asia

In value terms, production 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 reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild contraction. The pace of growth was the most pronounced in 2018 with an increase of 17%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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 in Eastern Asia

In 2022, the amount 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 exported in Eastern Asia surged to X square meters, jumping by 73% against the previous year's figure. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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 surged to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +123.9% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X square meters) was the main exporter 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, achieving 72% of total exports. Taiwan (Chinese) (X square meters) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Japan (8.6%) and South Korea (5.8%). Hong Kong SAR (X square meters) took a minor share of total exports.

China was also the fastest-growing in terms of the 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, with a CAGR of +13.1% from 2012 to 2022. At the same time, Taiwan (Chinese) (+2.1%) and Hong Kong SAR (+2.0%) displayed positive paces of growth. By contrast, South Korea (-10.2%) and Japan (-14.0%) illustrated a downward trend over the same period. While the share of China (+48 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-13.3 p.p.) and Japan (-35.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier in Eastern Asia, comprising 67% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +18.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-8.9% per year) and Taiwan (Chinese) (+2.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, which is down by -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2018 an increase of 31% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per square meter), while Taiwan (Chinese) ($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 South Korea (+6.3%), while the other leaders experienced more modest paces of growth.

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 in Eastern Asia

In 2022, purchases abroad 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 decreased by -17.3% to X square meters, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a perceptible setback. The pace of growth was the most pronounced in 2019 when imports increased by 15%. The volume of import peaked at X square meters in 2014; however, from 2015 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 declined to $X in 2022. In general, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 24%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China represented the main importer 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 in Eastern Asia, with the volume of imports resulting at X square meters, which was approx. 63% of total imports in 2022. South Korea (X square meters) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (8.3%) and Hong Kong SAR (7.3%). Japan (X square meters) followed a long way behind the leaders.

China was also the fastest-growing in terms of the 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, with a CAGR of +5.4% from 2012 to 2022. Hong Kong SAR (-1.5%), South Korea (-4.6%), Japan (-12.0%) and Taiwan (Chinese) (-14.5%) illustrated a downward trend over the same period. China (+34 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Japan and Taiwan (Chinese) saw its share reduced by -4.4%, -7.2% and -22.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Eastern Asia, comprising 59% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by Hong Kong SAR, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +3.9%. In the other countries, the average annual rates were as follows: South Korea (+0.8% per year) and Hong Kong SAR (-6.8% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per square meter, increasing by 4.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. 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 Hong Kong SAR ($X per square meter), while Japan ($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 South Korea (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform