India: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in India

The Indian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded significantly to $X in 2022, increasing by 5.1% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.2% against 2014 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in India

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 22% against the previous year. Over the period under review, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from India

After two years of growth, overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -61.9% to X square meters in 2022. Over the period under review, exports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 409%. The exports peaked at X square meters in 2021, and then contracted sharply in the following year.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reduced rapidly to $X in 2022. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 313%. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak figure at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Sri Lanka (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from India, accounting for a 86% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Sri Lanka exceeded the volume sent to the second major destination, Bhutan (X square meters), more than tenfold. The third position in this ranking was held by Qatar (X square meters), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to Sri Lanka totaled +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (+6.5% per year) and Qatar (+41.3% per year).

In value terms, Sri Lanka ($X) remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from India, comprising 83% of total exports. The second position in the ranking was taken by Portugal ($X), with a 5.2% share of total exports. It was followed by Qatar, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sri Lanka amounted to +50.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Qatar (+22.4% per year).

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, surging by 46% against the previous year. Overall, the export price continues to indicate resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into India

In 2022, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 182% to X square meters, rising for the second consecutive year after four years of decline. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to India, with a 66% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Malaysia exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), fivefold. The third position in this ranking was taken by China (X square meters), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled +116.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+149.8% per year) and China (+23.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to India, comprising 77% of total imports. The second position in the ranking was held by Turkey ($X), with a 6.7% share of total imports. It was followed by China, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to +117.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+130.0% per year) and China (+17.8% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, rising by 27% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +84.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while the price for Indonesia ($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 Saudi Arabia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform