India: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in India

In 2021, the Indian market for drawn glass and blown glass was finally on the rise to reach $X after eight years of decline. Overall, consumption, however, recorded a abrupt 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 Drawn Glass And Blown Glass in India

In value terms, drawn glass and blown glass production expanded notably to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt downturn. Drawn glass and blown glass production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from India

In 2021, overseas shipments of drawn glass and blown glass were finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 100%. The exports peaked at X square meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 90% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Nepal (X square meters), Sri Lanka (X square meters) and the UK (X square meters) were the main destinations of drawn glass and blown glass exports from India, together comprising 88% of total exports. Portugal and Turkey lagged somewhat behind, together comprising a further 7.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +1,506.8%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for drawn glass and blown glass exports from India, comprising 56% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 17% share of total exports. It was followed by Nepal, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +45.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+45.6% per year) and Nepal (+8.3% per year).

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, dropping by -8.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 36%. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Nepal ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.9%), while the prices for the other major destinations experienced a decline.

Imports of Drawn Glass And Blown Glass

Imports into India

In 2021, approx. X square meters of drawn glass and blown glass were imported into India; with a decrease of -11% on the previous year. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 70% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports surged to $X in 2021. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 30% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest drawn glass and blown glass supplier to India, accounting for a 60% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, Iran (X square meters), twofold. The third position in this ranking was held by Germany (X square meters), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+95.5% per year) and Germany (+7.6% per year).

In value terms, China ($X) constituted the largest supplier of drawn glass and blown glass to India, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Iran, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.7% per year) and Iran (+56.8% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, increasing by 29% against the previous year. In general, the import price posted buoyant growth. The growth pace was the most rapid in 2017 an increase of 86% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Hong Kong SAR ($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 (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :