Eastern Europe: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Eastern Europe

The East European glass in the mass market expanded modestly to $X in 2022, surging by 4.6% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Eastern Europe

In value terms, glass in the mass production reduced to $X in 2022 estimated in export price. The total production indicated mild growth 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 +64.8% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, production reached the peak level of $X, and then dropped slightly in the following year.

Exports of Glass in The Mass

Exports in Eastern Europe

In 2022, approx. X tons of glass in the mass were exported in Eastern Europe; surging by 3.8% on 2021. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 52% against the previous year. Over the period under review, the glass in mass exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, glass in the mass exports amounted to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, the glass in mass exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Romania (X tons), Hungary (X tons) and Poland (X tons) represented roughly 67% of total exports in 2022. It was distantly followed by Belarus (X tons) and Lithuania (X tons), together making up a 23% share of total exports. Estonia (X tons) and the Czech Republic (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +55.1%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Hungary ($X) were the countries with the highest levels of exports in 2022, together accounting for 71% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +41.6%, saw the highest growth rate of 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 ton in 2022, approximately mirroring the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glass in The Mass

Imports in Eastern Europe

In 2022, the amount of glass in the mass imported in Eastern Europe stood at X tons, with an increase of 11% compared with the previous year's figure. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.6% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 18% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, glass in the mass imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The Czech Republic was the major importer of glass in the mass in Eastern Europe, with the volume of imports amounting to X tons, which was near 44% of total imports in 2022. It was distantly followed by Bulgaria (X tons), Russia (X tons), Hungary (X tons) and Poland (X tons), together generating a 42% share of total imports. The following importers - Moldova (X tons) and Lithuania (X tons) - each finished at a 7.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to glass in the mass imports into the Czech Republic stood at +5.9%. At the same time, Moldova (+34.3%), Poland (+27.2%), Hungary (+23.2%), Russia (+21.7%), Lithuania (+11.4%) and Bulgaria (+10.9%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +34.3% from 2012-2022. Russia (+8 p.p.), Hungary (+7.3 p.p.), Poland (+4.7 p.p.), Moldova (+3.8 p.p.) and Bulgaria (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic saw its share reduced by -9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) constitutes the largest market for imported glass in the mass in Eastern Europe, comprising 48% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 17% share of total imports. It was followed by Russia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic amounted to +3.4%. In the other countries, the average annual rates were as follows: Bulgaria (+7.2% per year) and Russia (+17.9% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, which is down by -10.5% against the previous year. In general, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Moldova ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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