South Africa: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in South Africa

The South African worked flat glass market surged to $X in 2021, rising by 22% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.1% against 2019 indices. Worked flat glass consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Worked Flat Glass Production in South Africa

In value terms, worked flat glass production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 84% against the previous year. Worked flat glass production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Worked Flat Glass Exports

Exports from South Africa

Worked flat glass exports from South Africa soared to X tons in 2021, with an increase of 22% compared with the previous year's figure. In general, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, worked flat glass exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 48%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons), Democratic Republic of the Congo (X tons) and Lesotho (X tons) were the main destinations of worked flat glass exports from South Africa, together accounting for 75% of total exports. These countries were followed by Swaziland, Zambia, Botswana, Namibia, Mozambique and Malawi, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Swaziland (with a CAGR of +15.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for worked flat glass exported from South Africa were Zimbabwe ($X), Democratic Republic of the Congo ($X) and Zambia ($X), together comprising 62% of total exports.

Zambia, with a CAGR of +8.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average worked flat glass export price amounted to $X per ton, which is down by -2.5% against the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, worked flat glass export price decreased by -37.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

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 Namibia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Flat Glass Imports

Imports into South Africa

In 2021, approx. X tons of worked flat glass were imported into South Africa; picking up by 31% compared with 2020. In general, imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 42%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, worked flat glass imports contracted to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of worked flat glass imports to South Africa, with a combined 93% share of total imports. Turkey and Thailand lagged somewhat behind, together comprising a further 4.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +87.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of worked flat glass to South Africa, comprising 49% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+38.4% per year) and Thailand (-0.3% per year).

Import Prices by Country

In 2021, the average worked flat glass import price amounted to $X per ton, waning by -31.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 68%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+45.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :