India: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in India

After four years of growth, the Indian multiple-walled insulating glass unit market decreased by -1.8% to $X in 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 9.8%. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Multiple-Walled Insulating Units Of Glass in India

In value terms, multiple-walled insulating glass unit production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a modest increase. The pace of growth appeared the most rapid in 2019 with an increase of 9.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from India

In 2021, overseas shipments of multiple-walled insulating units of glass increased by 59% to X square meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 78% against the previous year. As a result, the exports reached the peak of X square meters. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports surged to $X in 2021. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 86%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X square meters), Sri Lanka (X square meters) and Bangladesh (X square meters) were the main destinations of multiple-walled insulating glass unit exports from India, together comprising 38% of total exports. These countries were followed by Tanzania, Senegal, Qatar, Lebanon, the Philippines, Cote d'Ivoire, Nigeria, Nepal and Australia, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +179.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multiple-walled insulating glass unit exported from India were Vietnam ($X), Bangladesh ($X) and Lebanon ($X), with a combined 33% share of total exports.

Lebanon, with a CAGR of +168.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, falling by -15.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 58%. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per square meter), while the average price for exports to Nigeria ($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 Cote d'Ivoire (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into India

In 2021, supplies from abroad of multiple-walled insulating units of glass decreased by -1.6% to X square meters, falling for the fourth year in a row after two years of growth. Overall, imports saw a perceptible downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 57% against the previous year. Imports peaked at X square meters in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. Over the period under review, imports, however, posted a measured expansion. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X square meters), the United States (X square meters) and Switzerland (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to India, together comprising 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of multiple-walled insulating units of glass to India, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Switzerland, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.1% per year) and Switzerland (+20.6% per year).

Import Prices by Country

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2021, surging by 88% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($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 Switzerland (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :