Japan: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Japan

In 2021, the Japanese market for drawn glass and blown glass increased by 4.7% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the market value increased by 5.5%. Drawn glass and blown glass consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in Japan

In value terms, drawn glass and blown glass production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The growth pace was the most rapid in 2016 with an increase of 2.1%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Japan

In 2021, the amount of drawn glass and blown glass exported from Japan reduced modestly to X square meters, waning by -3.1% on the previous year's figure. Overall, exports faced a deep reduction. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports amounted to $X in 2021. Over the period under review, exports showed a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters), Taiwan (Chinese) (X square meters) and South Korea (X square meters) were the main destinations of drawn glass and blown glass exports from Japan, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +2.6%), while the other leaders experienced a decline.

In value terms, the largest markets for drawn glass and blown glass exported from Japan were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined 100% share of total exports.

China, with a CAGR of +11.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, picking up by 9.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per square meter), while the average price for exports to China ($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 China (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Japan

In 2021, purchases abroad of drawn glass and blown glass increased by 81% to X square meters, rising for the fourth consecutive year after four years of decline. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 104%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 79%. 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, South Korea (X square meters) constituted the largest drawn glass and blown glass supplier to Japan, accounting for a 79% share of total imports. Moreover, drawn glass and blown glass imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X square meters), sevenfold. The third position in this ranking was taken by Germany (X square meters), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +122.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.6% per year) and Germany (-15.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of drawn glass and blown glass to Japan, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to +82.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.8% per year) and Taiwan (Chinese) (-17.3% per year).

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, with a decrease of -16.5% against the previous year. In general, the import price faced a deep contraction. The growth pace was the most rapid in 2017 when the average import price decreased by -3.8%. Over the period under review, average import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for South Korea ($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 Taiwan (Chinese) (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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