South-Eastern Asia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in South-Eastern Asia

In 2021, the Southeast Asian market for drawn glass and blown glass was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, showed a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Drawn Glass And Blown Glass in South-Eastern Asia

In value terms, drawn glass and blown glass production stood at $X in 2021 estimated in export price. Overall, production, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in South-Eastern Asia

Drawn glass and blown glass exports soared to X square meters in 2021, jumping by 29% on 2020 figures. Over the period under review, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 74%. As a result, the exports reached the peak of X square meters. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports expanded remarkably to $X in 2021. Overall, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand represented the major exporting country with an export of around X square meters, which reached 71% of total exports. It was distantly followed by the Philippines (X square meters), comprising a 21% share of total exports. The following exporters - Indonesia (X square meters), Vietnam (X square meters) and Singapore (X square meters) - together made up 8% of total exports.

Exports from Thailand decreased at an average annual rate of -6.2% from 2012 to 2021. At the same time, the Philippines (+92.8%) and Vietnam (+3.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +92.8% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-8.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest drawn glass and blown glass supplying countries in South-Eastern Asia were the Philippines ($X), Thailand ($X) and Indonesia ($X), together comprising 96% of total exports.

Among the main exporting countries, the Philippines, with a CAGR of +157.2%, recorded the highest rates of growth with regard to 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

The export price in South-Eastern Asia stood at $X per square meter in 2021, dropping by -17.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The growth pace was the most rapid in 2019 when the export price increased by 26% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per square meter), while Thailand ($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 Philippines (+33.4%), while the other leaders experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports in South-Eastern Asia

In 2021, after eight years of decline, there was significant growth in purchases abroad of drawn glass and blown glass, when their volume increased by 84% to X square meters. Overall, imports, however, faced a abrupt descent. Over the period under review, imports hit record highs 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 soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 41%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia was the largest importing country with an import of around X square meters, which reached 44% of total imports. Lao People's Democratic Republic (X square meters) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (10%), Myanmar (7.8%) and Singapore (4.6%). The Philippines (X square meters) and Cambodia (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +41.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported drawn glass and blown glass in South-Eastern Asia, comprising 31% of total imports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 7.9% share of total imports. It was followed by Vietnam, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia totaled +23.9%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (+17.9% per year) and Vietnam (-9.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per square meter, shrinking by -34.5% against the previous year. In general, the import price, however, posted a prominent expansion. The growth pace was the most rapid in 2015 when the import price increased by 58% against the previous year. Over the period under review, import prices reached the peak figure at $X per square meter in 2020, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cambodia ($X per square meter), while Myanmar ($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 Lao People's Democratic Republic (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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