Eastern Asia: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Eastern Asia

In 2021, the East Asian multiple-walled insulating glass unit market decreased by -1.3% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Multiple-Walled Insulating Units Of Glass in Eastern Asia

In value terms, multiple-walled insulating glass unit production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 10%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Eastern Asia

In 2021, approx. X square meters of multiple-walled insulating units of glass were exported in Eastern Asia; growing by 12% on the previous year's figure. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.2% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 36% against the previous year. The volume of export peaked at X square meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 51% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

The biggest shipments were from China (X square meters), together accounting for 100% of total export.

China was also the fastest-growing in terms of the multiple-walled insulating units of glass exports, with a CAGR of +9.4% from 2012 to 2021. While the share of China (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest multiple-walled insulating glass unit supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +9.5%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per square meter, picking up by 6.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 11% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.1% per year.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Eastern Asia

After two years of decline, overseas purchases of multiple-walled insulating units of glass increased by 19% to X square meters in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 61% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports soared to $X in 2021. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 69%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of multiple-walled insulating glass unit imports in 2021 were Hong Kong SAR (X square meters), Taiwan (Chinese) (X square meters) and South Korea (X square meters), together amounting to 80% of total import. Japan (X square meters) took an 8.9% share (based on physical terms) of total imports, which put it in second place, followed by Macao SAR (7.2%). China (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Macao SAR (with a CAGR of +50.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest multiple-walled insulating glass unit importing markets in Eastern Asia were Taiwan (Chinese) ($X), Hong Kong SAR ($X) and South Korea ($X), together comprising 69% of total imports. These countries were followed by China, Japan and Macao SAR, which together accounted for a further 30%.

Macao SAR, with a CAGR of +47.3%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per square meter, growing by 24% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per square meter), while Macao SAR ($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 (+18.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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