South-Eastern Asia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in South-Eastern Asia

The Southeast Asian glass in the mass market surged to $X in 2022, picking up by 80% against the previous year. Over the period under review, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Glass in The Mass in South-Eastern Asia

In value terms, glass in the mass production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Glass in The Mass

Exports in South-Eastern Asia

After three years of decline, overseas shipments of glass in the mass increased by 2.3% to X tons in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 26%. Over the period under review, the glass in mass exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, glass in the mass exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 34%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons), Cambodia (X tons), Singapore (X tons), Lao People's Democratic Republic (X tons) and Malaysia (X tons) represented roughly 90% of total exports in 2022. It was distantly followed by Myanmar (X tons), committing a 5.4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cambodia (with a CAGR of +67.2%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together comprising 64% of total exports. Singapore, Cambodia, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together accounting for a further 28%.

Among the main exporting countries, Cambodia, with a CAGR of +61.6%, recorded 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

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+10.0%), while the other leaders experienced more modest paces of growth.

Imports of Glass in The Mass

Imports in South-Eastern Asia

In 2022, glass in the mass imports in South-Eastern Asia soared to X tons, with an increase of 89% on 2021. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass in the mass imports soared to $X in 2022. Over the period under review, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 173% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia represented the key importer of glass in the mass in South-Eastern Asia, with the volume of imports recording X tons, which was near 57% of total imports in 2022. Indonesia (X tons) held the second position in the ranking, followed by Thailand (X tons) and Vietnam (X tons). All these countries together took approx. 43% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to glass in the mass imports into Malaysia stood at +3.0%. At the same time, Vietnam (+20.9%), Thailand (+18.8%) and Indonesia (+1.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +20.9% from 2012-2022. From 2012 to 2022, the share of Thailand and Vietnam increased by +11 and +4.5 percentage points, respectively.

In value terms, Thailand ($X) constitutes the largest market for imported glass in the mass in South-Eastern Asia, comprising 67% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to +44.4%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+1.5% per year) and Malaysia (-14.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, falling by -35.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 114%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+21.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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