Eastern Europe: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Eastern Europe

The East European market for drawn glass and blown glass stood at $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in Eastern Europe

In value terms, drawn glass and blown glass production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in Eastern Europe

In 2021, shipments abroad of drawn glass and blown glass increased by 78% to X square meters, rising for the fifth consecutive year after four years of decline. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 228% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, drawn glass and blown glass exports soared to $X in 2021. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Russia (X square meters) represented the largest exporter of drawn glass and blown glass, comprising 68% of total exports. It was distantly followed by Estonia (X square meters), generating a 26% share of total exports. Bulgaria (X square meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to drawn glass and blown glass exports from Russia stood at +37.5%. At the same time, Estonia (+108.8%) and Bulgaria (+8.7%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +108.8% from 2012-2021. Russia (+47 p.p.) and Estonia (+25 p.p.) significantly strengthened its position in terms of the total exports, while Bulgaria saw its share reduced by -4.5% from 2012 to 2021, respectively.

In value terms, Russia ($X), Estonia ($X) and Bulgaria ($X) constituted the countries with the highest levels of exports in 2021, with a combined 76% share of total exports.

In terms of the main exporting countries, Estonia, with a CAGR of +73.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per square meter in 2021, falling by -5.4% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 an increase of 21%. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per square meter), while Russia ($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 Bulgaria (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Drawn Glass And Blown Glass

Imports in Eastern Europe

In 2021, supplies from abroad of drawn glass and blown glass was finally on the rise to reach X square meters after three years of decline. Overall, imports, however, recorded a noticeable setback. The volume of import peaked at X square meters in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Estonia represented the largest importing country with an import of about X square meters, which recorded 51% of total imports. It was distantly followed by Ukraine (X square meters), Slovakia (X square meters) and Poland (X square meters), together mixing up a 34% share of total imports. Latvia (X square meters), Bulgaria (X square meters) and Romania (X square meters) took a relatively small share of total imports.

Estonia was also the fastest-growing in terms of the drawn glass and blown glass imports, with a CAGR of +52.9% from 2012 to 2021. At the same time, Latvia (+12.3%) and Ukraine (+6.5%) displayed positive paces of growth. By contrast, Bulgaria (-1.5%), Slovakia (-2.5%), Romania (-5.3%) and Poland (-9.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Estonia, Ukraine and Latvia increased by +51, +7.7 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Estonia ($X) constitutes the largest market for imported drawn glass and blown glass in Eastern Europe, comprising 40% of total imports. The second position in the ranking was held by Poland ($X), with a 12% share of total imports. It was followed by Ukraine, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Estonia amounted to +51.7%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (-5.1% per year) and Ukraine (+5.7% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per square meter, falling by -3.9% against the previous year. Over the period under review, the import price faced a deep setback. The pace of growth appeared the most rapid in 2014 an increase of 5.8%. The level of import peaked at $X per square meter in 2012; however, from 2013 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 Romania ($X per square meter), while Bulgaria ($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 Latvia (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :