Japan: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Japan

The Japanese glass in the mass market contracted to $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.0% against 2020 indices. Glass in the mass consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Japan

In value terms, glass in the mass production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a mild downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 44%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Glass in The Mass

Exports from Japan

In 2022, exports of glass in the mass from Japan dropped slightly to X tons, approximately equating the previous year's figure. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 76%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass in the mass exports expanded remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 47%. Over the period under review, the glass in mass exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for glass in the mass exports from Japan, accounting for a 36% share of total exports. Moreover, glass in the mass exports to Indonesia exceeded the volume sent to the second major destination, South Korea (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-4.5% per year) and Vietnam (+38.2% per year).

In value terms, Vietnam ($X), Germany ($X) and South Korea ($X) constituted the largest markets for glass in the mass exported from Japan worldwide, together accounting for 23% of total exports.

Vietnam, with a CAGR of +45.8%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, surging by 12% against the previous year. Overall, the export price showed a resilient expansion. The growth pace was the most rapid in 2021 an increase of 66%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Indonesia ($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 Vietnam (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass in The Mass

Imports into Japan

In 2022, purchases abroad of glass in the mass increased by 14% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 152%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports surged to $X in 2022. Overall, imports enjoyed a moderate increase. The pace of growth was the most pronounced in 2018 when imports increased by 81% against the previous year. Over the period under review, glass in mass imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest glass in the mass supplier to Japan, with a 56% share of total imports. Moreover, glass in the mass imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by Vietnam (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.5% per year) and Vietnam (+76.6% per year).

In value terms, the United States ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest glass in the mass suppliers to Japan, together comprising 81% of total imports. South Korea, Vietnam and Thailand lagged somewhat behind, together comprising a further 1.4%.

Vietnam, with a CAGR of +47.3%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, growing by 13% against the previous year. In general, the import price saw a prominent expansion. The growth pace was the most rapid in 2016 when the average import price increased by 101%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :