Indonesia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Indonesia

The Indonesian glass in the mass market expanded sharply to $X in 2022, rising by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Glass in the mass consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Glass in The Mass

Exports from Indonesia

After five years of growth, overseas shipments of glass in the mass decreased by -26.3% to X tons in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 196%. Over the period under review, the glass in mass exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports fell sharply to $X in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 100%. Over the period under review, the glass in mass exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for glass in the mass exports from Indonesia, accounting for a 60% share of total exports. Moreover, glass in the mass exports to Malaysia exceeded the volume sent to the second major destination, India (X tons), twofold. Japan (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-10.2% per year) and Japan (-14.1% per year).

In value terms, India ($X) remains the key foreign market for glass in the mass exports from Indonesia, comprising 71% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by Malaysia, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to India stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-7.7% per year) and Malaysia (-32.6% per year).

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, rising by 1.9% against the previous year. In general, the export price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2014 an increase of 34% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass in The Mass

Imports into Indonesia

In 2022, glass in the mass imports into Indonesia reached X tons, with an increase of 3% on the year before. The total import volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, glass in the mass imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 33% against the previous year. Over the period under review, glass in mass imports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

Taiwan (Chinese) (X tons), Vietnam (X tons) and Malaysia (X tons) were the main suppliers of glass in the mass imports to Indonesia, together comprising 70% of total imports. Japan, Singapore, the United States, the Philippines and Thailand lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +64.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Taiwan (Chinese) ($X) and Malaysia ($X) constituted the largest glass in the mass suppliers to Indonesia, together comprising 68% of total imports. Singapore, Japan, the United States, the Philippines and Thailand lagged somewhat behind, together comprising a further 18%.

The United States, with a CAGR of +54.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, rising by 9.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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