South-Eastern Asia: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2025

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in South-Eastern Asia

The Southeast Asian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded sharply to $X in 2022, surging by 6.4% against the previous year. Over the period under review, consumption saw a moderate expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in South-Eastern Asia

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose to $X in 2022 estimated in export price. In general, production showed pronounced growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when their volume decreased by -12% to X square meters. Overall, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 37% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground fell to $X in 2022. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of 22%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand prevails in ground structure, reaching X square meters, which was approx. 90% of total exports in 2022. Malaysia (X square meters), Indonesia (X square meters) and Vietnam (X square meters) held a little share of total exports.

Thailand was also the fastest-growing in terms of the float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports, with a CAGR of -1.2% from 2012 to 2022. Malaysia (-9.7%), Indonesia (-18.1%) and Vietnam (-18.9%) illustrated a downward trend over the same period. Thailand (+28 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Vietnam and Indonesia saw its share reduced by -2.4%, -8.8% and -10% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 2.5% share of total exports. It was followed by Malaysia, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at +1.2%. In the other countries, the average annual rates were as follows: Vietnam (-14.5% per year) and Malaysia (-9.4% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per square meter, rising by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 when the export price increased by 27%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.3%), while the other leaders experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports in South-Eastern Asia

In 2022, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 11% to X square meters for the first time since 2018, thus ending a three-year declining trend. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 26%. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X square meters) was the largest importer of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, making up 30% of total imports. Cambodia (X square meters) held the second position in the ranking, followed by Myanmar (X square meters), the Philippines (X square meters), Indonesia (X square meters), Malaysia (X square meters) and Singapore (X square meters). All these countries together took near 65% share of total imports.

Vietnam experienced a relatively flat trend pattern with regard to volume of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground. At the same time, Cambodia (+28.2%), Myanmar (+25.1%), the Philippines (+22.4%) and Indonesia (+14.5%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +28.2% from 2012-2022. By contrast, Singapore (-7.5%) and Malaysia (-8.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cambodia, Myanmar, the Philippines and Indonesia increased by +13, +13, +11 and +8.2 percentage points, respectively.

In value terms, Vietnam ($X), the Philippines ($X) and Cambodia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 64% of total imports.

Cambodia, with a CAGR of +29.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per square meter, with an increase of 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 10%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform