Global Safety Glass Market 2024

Safety Glass Market Size

The global safety glass market shrank to $X in 2022, which is down by -8.2% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the global market failed to regain momentum.

Safety Glass Production

In value terms, safety glass production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11%. Over the period under review, global production reached the peak level at $X in 2021, and then declined modestly in the following year.

Safety Glass Exports

Exports

Global safety glass exports surged to X square meters in 2022, increasing by 34% on the previous year. In general, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 65%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, safety glass exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

China prevails in exports structure, recording X square meters, which was approx. 63% of total exports in 2022. Germany (X square meters), Poland (X square meters), the United States (X square meters), Malaysia (X square meters), Turkey (X square meters), Italy (X square meters), the Czech Republic (X square meters) and Belgium (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to safety glass exports from China stood at +14.3%. At the same time, Malaysia (+30.8%), the United States (+10.9%), Turkey (+10.0%), Poland (+6.6%), the Czech Republic (+4.8%) and Germany (+1.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.8% from 2012-2022. By contrast, Belgium (-1.3%) and Italy (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Malaysia increased by +23 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest safety glass supplier worldwide, comprising 33% of global exports. The second position in the ranking was taken by Germany ($X), with a 9.5% share of global exports. It was followed by Poland, with a 7.4% share.

In China, safety glass exports increased at an average annual rate of +8.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.7% per year) and Poland (+6.6% per year).

Export Prices by Country

In 2022, the average safety glass export price amounted to $X per square meter, shrinking by -26.2% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 41% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2022, the average export prices remained at a 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 Belgium ($X per square meter), while China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.1%), while the other global leaders experienced mixed trends in the export price figures.

Safety Glass Imports

Imports

In 2022, purchases abroad of safety glass decreased by -0.1% to X square meters for the first time since 2015, thus ending a six-year rising trend. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +60.5% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of 9.7%. As a result, imports reached the peak of X square meters, leveling off in the following year.

In value terms, safety glass imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

The countries with the highest levels of safety glass imports in 2022 were the United States (X square meters), Vietnam (X square meters), Germany (X square meters), South Korea (X square meters), Thailand (X square meters), Mexico (X square meters), France (X square meters), Belgium (X square meters), the Netherlands (X square meters), Italy (X square meters), India (X square meters) and the UK (X square meters), together amounting to 61% of total import. Canada (X square meters) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +59.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest safety glass importing markets worldwide were Germany ($X), the United States ($X) and France ($X), with a combined 26% share of global imports. Belgium, the UK, Vietnam, Canada, the Netherlands, Italy, Mexico, South Korea, India and Thailand lagged somewhat behind, together accounting for a further 32%.

Vietnam, with a CAGR of +38.5%, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2022, declining by -7.4% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of 5.8%. Over the period under review, average import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per square meter), while Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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