Russian Federation: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in the Russian Federation

In 2021, the Russian market for drawn glass and blown glass decreased by -5.4% to $X, falling for the seventh year in a row after three years of growth. Over the period under review, consumption recorded a noticeable decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in the Russian Federation

In value terms, drawn glass and blown glass production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 43% against the previous year. Drawn glass and blown glass production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports from the Russian Federation

For the fifth consecutive year, Russia recorded growth in shipments abroad of drawn glass and blown glass, which increased by 81% to X square meters in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 1,182%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, drawn glass and blown glass exports surged to $X in 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 571%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Estonia (X square meters), Turkey (X square meters) and Ukraine (X square meters) were the main destinations of drawn glass and blown glass exports from Russia, with a combined 52% share of total exports. Poland, Tajikistan, Germany and Latvia lagged somewhat behind, together comprising a further 8.6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +303.9%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Turkey ($X) and Ukraine ($X) constituted the largest markets for drawn glass and blown glass exported from Russia worldwide, together accounting for 45% of total exports. These countries were followed by Tajikistan, Germany, Poland and Latvia, which together accounted for a further 12%.

Among the main countries of destination, Tajikistan, with a CAGR of +159.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, growing by 8.2% against the previous year. In general, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 59% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2021, the average export prices failed to regain momentum.

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 Germany ($X per square meter), while the average price for exports to Ukraine ($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 Kazakhstan (+23.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into the Russian Federation

Drawn glass and blown glass imports into Russia skyrocketed to X square meters in 2021, with an increase of 67% against the previous year. Overall, imports, however, showed a significant decline. The most prominent rate of growth was recorded in 2019 with an increase of 241% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a precipitous descent. The growth pace was the most rapid in 2019 when imports increased by 117% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X square meters), Belarus (X square meters) and China (X square meters) were the main suppliers of drawn glass and blown glass imports to Russia, together accounting for 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +15.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X) constituted the largest supplier of drawn glass and blown glass to Russia, comprising 61% of total imports. The second position in the ranking was taken by Belarus ($X), with a 19% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-2.0% per year) and the United States (-28.9% per year).

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, which is down by -19.7% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The growth pace was the most rapid in 2015 when the average import price increased by 160%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2020, and then fell significantly in the following year.

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 the United States ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+37.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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