Report Update Feb 1, 2025

Republic of Korea - Safety Glass - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Safety Glass Market 2025

Safety Glass Market Size in Republic of Korea

In 2022, the South Korean safety glass market increased by 13% to $X, rising for the second year in a row after five years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Safety Glass Exports

Exports from Republic of Korea

In 2022, shipments abroad of safety glass decreased by -54.8% to X square meters, falling for the second consecutive year after three years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 105%. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety glass exports reduced markedly to $X in 2022. Over the period under review, exports, however, posted a perceptible expansion. The growth pace was the most rapid in 2019 with an increase of 70% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters), Vietnam (X square meters) and Thailand (X square meters) were the main destinations of safety glass exports from South Korea, together accounting for 12% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +105.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for safety glass exports from South Korea, comprising 102% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by the United States, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at +132.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.9% per year) and the United States (-1.5% per year).

Export Prices by Country

In 2021, the average safety glass export price amounted to $X per square meter, increasing by 4.2% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 36%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while the average price for exports to Brazil ($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 Russia (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Republic of Korea

In 2022, approx. X square meters of safety glass were imported into South Korea; picking up by 5.8% compared with the previous year's figure. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, safety glass imports shrank modestly to $X in 2022. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 216% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) was the main safety glass supplier to South Korea, accounting for a approx. 165% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +20.8%.

In value terms, China ($X) constituted the largest supplier of safety glass to South Korea.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +14.0%.

Import Prices by Country

In 2021, the average safety glass import price amounted to $X per square meter, shrinking by -16.4% against the previous year. Over the period under review, the import price saw a pronounced decrease. The growth pace was the most rapid in 2015 when the average import price increased by 175% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2016 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -5.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety glass in the world?

The countries with the highest volumes of safety glass consumption in 2021 were China, the United States and Brazil, with a combined 52% share of global consumption.

What are the largest producers of safety glass in the world?

The country with the largest volume of safety glass production was China, accounting for 40% of total volume. Moreover, safety glass production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Brazil ranked third in terms of total production with an 11% share.

What are the leading suppliers of safety glass to Republic of Korea?

In value terms, the largest safety glass suppliers to South Korea were Hong Kong SAR, Malaysia and Germany, together accounting for 79% of total imports. The United States, the UK, Poland and India lagged somewhat behind, together accounting for a further 15%.

What are the leading importers of safety glass from Republic of Korea?

In value terms, Mexico, the United States and the Czech Republic constituted the largest markets for safety glass exported from South Korea worldwide, together accounting for 53% of total exports.

What is the average export price for safety glass in Republic of Korea?

The average safety glass export price stood at $36 per square meter in 2021, with an increase of 9.1% against the previous year.

What is the average import price for safety glass in Republic of Korea?

In 2021, the average safety glass import price amounted to $14 per square meter, shrinking by -5.8% against the previous year.

This report provides an in-depth analysis of the safety glass market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23121210 - Toughened (tempered) safety glass, of size and shape suitable for incorporation in motor vehicles, aircraft, s pacecraft, vessels and other vehicles
Prodcom 23121230 - Toughened (tempered) safety glass, n.e.c.
Prodcom 23121250 - Laminated safety glass, of size and shape suitable for incorporation in motor vehicles, aircraft, spacecraft, vessels and other vehicles
Prodcom 23121270 - Laminated safety glass, n.e.c.

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024