Indonesia: 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 Indonesia

The Indonesian 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 markedly to $X in 2022, increasing by 5% against the previous year. In general, consumption continues to indicate perceptible growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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 Indonesia

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 rose slightly to $X in 2022 estimated in export price. In general, production enjoyed a temperate increase. The growth pace was the most rapid in 2018 when the production volume increased by 50%. 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 hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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 Indonesia

In 2022, 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 -55.3% to X square meters, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 229%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

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 declined remarkably to $X in 2022. Overall, exports faced a deep setback. The growth pace was the most rapid in 2019 with an increase of 184%. 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 reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X square meters), Vietnam (X square meters) and the UK (X square meters) were the main destinations of 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 Indonesia, together comprising 48% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +41.6%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), New Zealand ($X) and India ($X) appeared to be the largest markets 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 exported from Indonesia worldwide, together accounting for 40% of total exports.

Among the main countries of destination, India, with a CAGR of +20.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, which is down by -5.8% against the previous year. In general, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of 25%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to Bolivia ($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 Australia (+17.1%), 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 Indonesia

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 were finally on the rise to reach X square meters for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 230% against the previous year. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

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 rose slightly to $X in 2022. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 250% against the previous year. Over the period under review, imports 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 at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X square meters) 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 Indonesia, with a 69% 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, China (X square meters), fivefold. Thailand (X square meters) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled +42.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.1% per year) and Thailand (+11.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Indonesia, comprising 62% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Thailand, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and Thailand (+14.3% per year).

Import Prices by Country

In 2022, 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 amounted to $X per square meter, which is down by -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28%. As a result, import price reached the peak level of $X per square meter, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per square meter), while the price for Malaysia ($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 the Philippines (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform