Eastern Asia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Eastern Asia

In 2022, the East Asian glass in the mass market increased by 26% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Glass in The Mass in Eastern Asia

In value terms, glass in the mass production surged to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +63.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Glass in The Mass

Exports in Eastern Asia

In 2022, the amount of glass in the mass exported in Eastern Asia shrank to X tons, which is down by -2% on the previous year. In general, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2018 when exports increased by 9.2% against the previous year. Over the period under review, the glass in mass exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports surged to $X in 2022. Over the period under review, exports showed a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, the glass in mass exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) represented the major exporter of glass in the mass, achieving 50% of total exports. Taiwan (Chinese) (X tons) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by Japan (14%) and South Korea (8.2%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of +12.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

China, with a CAGR of +6.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 25% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 export price increased by +63.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glass in The Mass

Imports in Eastern Asia

In 2022, overseas purchases of glass in the mass decreased by -0.8% to X tons, falling for the fourth year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 45% against the previous year. Over the period under review, glass in mass imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports reduced to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Japan (X tons) and South Korea (X tons) were the main importers of glass in the mass in 2022, resulting at near 42% and 31% of total imports, respectively. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 19% share of total imports. The following importers - China (X tons) and Hong Kong SAR (X tons) - together made up 7.1% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hong Kong SAR (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2022, with a combined 95% share of total imports. South Korea and Hong Kong SAR lagged somewhat behind, together comprising a further 4.5%.

Hong Kong SAR, with a CAGR of +15.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 when the import price increased by 53%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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