Indonesia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Indonesia

In 2021, the Indonesian market for drawn glass and blown glass decreased by -1.6% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.7% against 2012 indices. Drawn glass and blown glass consumption peaked at $X in 2020, and then fell slightly in the following year.

Production of Drawn Glass And Blown Glass in Indonesia

In value terms, drawn glass and blown glass production dropped to $X in 2021 estimated in export price. In general, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Drawn Glass And Blown Glass

Exports from Indonesia

In 2021, after two years of growth, there was significant decline in overseas shipments of drawn glass and blown glass, when their volume decreased by -17.3% to X square meters. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 51%. Over the period under review, the exports attained the peak figure at X square meters in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports dropped rapidly to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 68% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sri Lanka (X square meters), Peru (X square meters) and the Netherlands (X square meters) were the main destinations of drawn glass and blown glass exports from Indonesia, together comprising 52% of total exports. Uganda, Tanzania, Myanmar, India and Rwanda lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +62.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for drawn glass and blown glass exported from Indonesia were the Netherlands ($X), Sri Lanka ($X) and Peru ($X), with a combined 59% share of total exports. Tanzania, Myanmar, India, Rwanda and Uganda lagged somewhat behind, together comprising a further 19%.

Tanzania, with a CAGR of +74.1%, 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

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, declining by -2.2% against the previous year. Overall, the export price, however, posted a moderate increase. The pace of growth was the most pronounced in 2017 an increase of 42%. The export price peaked at $X per square meter in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while the average price for exports to Uganda ($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 Tanzania (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Indonesia

In 2021, overseas purchases of drawn glass and blown glass were finally on the rise to reach X square meters for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, imports, however, showed a sharp slump. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports soared to $X in 2021. In general, imports, however, recorded a sharp shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of drawn glass and blown glass to Indonesia, with a 76% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, the UK (X square meters), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -47.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+54.1% per year) and the Philippines (+9.6% per year).

In value terms, China ($X) constituted the largest supplier of drawn glass and blown glass to Indonesia, comprising 78% of total imports. The second position in the ranking was held by the UK ($X), with a 9.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+50.8% per year) and the Philippines (+12.7% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, jumping by 37% against the previous year. Over the period under review, the import price showed a significant increase. The growth pace was the most rapid in 2018 an increase of 153%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 Philippines ($X per square meter), while the price for the UK ($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 (+48.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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