Philippines: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in the Philippines

The Philippine market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose to $X in 2022, surging by 3.2% against the previous year. Over the period under review, consumption continues to indicate a tangible increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in the Philippines

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 54%. Over the period under review, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from the Philippines

In 2022, after two years of decline, there was significant growth in shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when their volume increased by 201% to X square meters. Over the period under review, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 1,914%. As a result, the exports reached the peak of X square meters. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. In general, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 1,777% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Indonesia (X square meters), South Korea (X square meters) and Myanmar (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from the Philippines, with a combined 78% share of total exports. Sri Lanka, Vietnam, the United States, Australia, Malaysia, Japan and Thailand lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +3.7%), while shipments for the other leaders experienced a decline.

In value terms, Indonesia ($X), South Korea ($X) and Myanmar ($X) constituted the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from the Philippines worldwide, with a combined 77% share of total exports. Sri Lanka, Vietnam, the United States, Australia, Malaysia, Thailand and Japan lagged somewhat behind, together accounting for a further 20%.

The United States, with a CAGR of +3.9%, saw the highest rates of growth with regard to the value of exports, among 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 float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, shrinking by -19.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 40%. The export price peaked at $X per square meter in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per square meter), while the average price for exports to Japan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into the Philippines

In 2022, the amount of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground imported into the Philippines rose modestly to X square meters, picking up by 1.6% against the previous year's figure. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 174%. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 168%. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Malaysia (X square meters) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to the Philippines, with a 82% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Malaysia exceeded the figures recorded by the second-largest supplier, China (X square meters), sixfold. The third position in this ranking was taken by Thailand (X square meters), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +70.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.0% per year) and Thailand (-4.3% per year).

In value terms, Malaysia ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to the Philippines, comprising 82% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Thailand, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to +83.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.1% per year) and Thailand (+0.1% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, increasing by 35% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +73.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Pakistan ($X per square meter) and Japan ($X per square meter), while the price for Malaysia ($X per square meter) and China ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform