Malaysia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Malaysia

The Malaysian market for drawn glass and blown glass was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Drawn Glass And Blown Glass in Malaysia

In value terms, drawn glass and blown glass production soared to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced reduction. Drawn glass and blown glass production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Malaysia

In 2021, approx. X square meters of drawn glass and blown glass were exported from Malaysia; waning by -7.3% compared with the year before. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of 12,994% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports plummeted to $X in 2021. In general, exports showed a sharp reduction. The growth pace was the most rapid in 2019 with an increase of 9,609% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X square meters), India (X square meters) and Indonesia (X square meters) were the main destinations of drawn glass and blown glass exports from Malaysia, together accounting for 99.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for drawn glass and blown glass exported from Malaysia were India ($X), Singapore ($X) and Indonesia ($X).

India, with a CAGR of 0.0%, saw the highest growth rate of 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

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, dropping by -26.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 169% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per square meter), while the average price for exports to Singapore ($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 Maldives (+162.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Malaysia

In 2021, supplies from abroad of drawn glass and blown glass increased by 47% to X square meters, rising for the second year in a row after two years of decline. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 557% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, drawn glass and blown glass imports rose slightly to $X in 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,196% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X square meters) was the main supplier of drawn glass and blown glass to Malaysia, accounting for a 96% share of total imports. It was followed by China (X square meters), with a 3.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +34.7%.

In value terms, Germany ($X) constituted the largest supplier of drawn glass and blown glass to Malaysia, comprising 98% of total imports. The second position in the ranking was taken by China ($X), with a 0.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +26.1%.

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, dropping by -28.6% against the previous year. Overall, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 97% against the previous year. The import price peaked at $X per square meter in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-6.4%).

Source: IndexBox Platform

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