Republic of Korea: Market for Float Glass And Surface Ground or Polished Glass 2025

Market Size for Float Glass And Surface Ground or Polished Glass in Republic of Korea

The South Korean market for float glass and surface ground or polished glass reduced slightly to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, saw prominent growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Float Glass And Surface Ground or Polished Glass in Republic of Korea

In value terms, production of float glass and surface ground or polished glass fell modestly to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Republic of Korea

In 2022, overseas shipments of float glass and surface ground or polished glass decreased by X% to X square meters, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports of attained the maximum at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of float glass and surface ground or polished glass expanded markedly to $X in 2022. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X square meters) was the main destination for exports of float glass and surface ground or polished glass from South Korea, accounting for a X% share of total exports. Moreover, exports of float glass and surface ground or polished glass to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X square meters), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) remains the key foreign market for float glass and surface ground or polished glass exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average export price for float glass and surface ground or polished glass stood at $X per square meter in 2022, surging by X% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground or polished glass increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per square meter) and China ($X per square meter), while the average price for exports to Taiwan (Chinese) ($X per square meter) and Hong Kong SAR ($X per square meter) were amongst the lowest.

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

Imports of Float Glass And Surface Ground or Polished Glass

Imports into Republic of Korea

Imports of float glass and surface ground or polished glass into South Korea shrank to X square meters in 2022, dropping by X% against the previous year. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X square meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass skyrocketed to $X in 2022. Overall, imports recorded a mild downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X square meters) constituted the largest float glass and surface ground or polished glass supplier to South Korea, with a X% share of total imports. Moreover, imports of float glass and surface ground or polished glass from Malaysia exceeded the figures recorded by the second-largest supplier, China (X square meters), fivefold. The third position in this ranking was held by Thailand (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of float glass and surface ground or polished glass to South Korea, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

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

Import Prices by Country

The average import price for float glass and surface ground or polished glass stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per square meter) and Malaysia ($X per square meter), while the price for Vietnam ($X per square meter) and Thailand ($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 Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :