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

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

In 2021, the East European multiple-walled insulating glass unit market decreased by -0.4% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, showed a slight decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, multiple-walled insulating glass unit production stood at $X in 2021 estimated in export price. In general, production recorded a modest expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 10%. The level of production peaked in 2021 and is expected to retain growth in the near future.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Eastern Europe

In 2021, exports of multiple-walled insulating units of glass in Eastern Europe soared to X square meters, increasing by 17% on 2020. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 25%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. Overall, exports posted a strong increase. The growth pace was the most rapid in 2014 with an increase of 26% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Poland prevails in exports structure, amounting to X square meters, which was near 62% of total exports in 2021. Lithuania (X square meters) ranks second in terms of the total exports with a 9.3% share, followed by the Czech Republic (6.7%) and Hungary (6.4%). The following exporters - Slovakia (X square meters), Russia (X square meters) and Estonia (X square meters) - together made up 9.5% of total exports.

Exports from Poland increased at an average annual rate of +11.6% from 2012 to 2021. At the same time, Russia (+33.5%), Slovakia (+23.4%), the Czech Republic (+10.3%) and Lithuania (+8.6%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +33.5% from 2012-2021. Hungary experienced a relatively flat trend pattern. By contrast, Estonia (-1.4%) illustrated a downward trend over the same period. Poland (+11 p.p.), Russia (+2.7 p.p.) and Slovakia (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Estonia and Hungary saw its share reduced by -4% and -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest multiple-walled insulating glass unit supplier in Eastern Europe, comprising 60% of total exports. The second position in the ranking was held by Lithuania ($X), with a 9.9% share of total exports. It was followed by the Czech Republic, with a 7.4% share.

In Poland, multiple-walled insulating glass unit exports increased at an average annual rate of +10.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Lithuania (+8.9% per year) and the Czech Republic (+9.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per square meter, growing by 7.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 10%. Over the period under review, the export prices hit record highs at $X per square meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per square meter), while Hungary ($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 Hungary (+1.9%), while the other leaders experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Eastern Europe

Multiple-walled insulating glass unit imports rose notably to X square meters in 2021, picking up by 11% on 2020 figures. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.6% against 2015 indices. The pace of growth was the most pronounced in 2016 when imports increased by 32%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, multiple-walled insulating glass unit imports expanded notably to $X in 2021. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Poland represented the major importing country with an import of about X square meters, which finished at 37% of total imports. Slovakia (X square meters) took the second position in the ranking, followed by Estonia (X square meters), Lithuania (X square meters), Hungary (X square meters), the Czech Republic (X square meters) and Romania (X square meters). All these countries together held near 55% share of total imports.

Imports into Poland increased at an average annual rate of +10.0% from 2012 to 2021. At the same time, Estonia (+22.9%), Hungary (+20.0%), Lithuania (+17.6%) and Slovakia (+7.4%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +22.9% from 2012-2021. Romania experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Estonia, Hungary and Lithuania increased by +8.3, +7.3, +5.1 and +5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported multiple-walled insulating units of glass in Eastern Europe, comprising 32% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 15% share of total imports. It was followed by Estonia, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in Poland totaled +10.6%. The remaining importing countries recorded the following average annual rates of imports growth: Slovakia (+2.8% per year) and Estonia (+27.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per square meter, remaining stable against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 13%. Over the period under review, import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per square meter), while Hungary ($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 Romania (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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