Ireland: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Ireland

The Irish market for drawn glass and blown glass dropped slightly to $X in 2021, declining by -3% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Drawn Glass And Blown Glass in Ireland

In value terms, drawn glass and blown glass production reduced slightly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 7.8% against the previous year. Drawn glass and blown glass production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Ireland

In 2021, approx. X square meters of drawn glass and blown glass were exported from Ireland; reducing by -74.2% against the year before. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 2,177%. As a result, the exports attained the peak of X square meters, and then dropped markedly in the following year.

In value terms, drawn glass and blown glass exports dropped dramatically to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,832%. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

The UK (X square meters) was the main destination for drawn glass and blown glass exports from Ireland, accounting for a 56% share of total exports. Moreover, drawn glass and blown glass exports to the UK exceeded the volume sent to the second major destination, Australia (X square meters), twofold.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+265.1% per year) and the United States (-16.4% per year).

In value terms, the UK ($X), Australia ($X) and the United States ($X) appeared to be the largest markets for drawn glass and blown glass exported from Ireland worldwide, with a combined 94% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +632.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, waning by -38.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 33% against the previous year. The export price peaked at $X per square meter in 2020, and then reduced remarkably in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to the UK ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+100.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Ireland

In 2021, supplies from abroad of drawn glass and blown glass decreased by -47.3% to X square meters, falling for the second consecutive year after four years of growth. Over the period under review, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2013 when imports increased by 225%. Over the period under review, imports reached the peak figure at X square meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports reduced rapidly to $X in 2021. In general, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of 160% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the UK (X square meters) constituted the largest supplier of drawn glass and blown glass to Ireland, with a 62% share of total imports. Moreover, drawn glass and blown glass imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X square meters), threefold. The third position in this ranking was taken by India (X square meters), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+79.2% per year) and India (+85.1% per year).

In value terms, the largest drawn glass and blown glass suppliers to Ireland were the UK ($X), the United States ($X) and India ($X), with a combined 75% share of total imports.

India, with a CAGR of +76.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, increasing by 47% against the previous year. Over the period under review, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2020 an increase of 65%. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Poland (+68.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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