South-Eastern Asia: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in South-Eastern Asia

The Southeast Asian multiple-walled insulating glass unit market reached $X in 2021, approximately equating the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Multiple-Walled Insulating Units Of Glass in South-Eastern Asia

In value terms, multiple-walled insulating glass unit production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in South-Eastern Asia

In 2021, approx. X square meters of multiple-walled insulating units of glass were exported in South-Eastern Asia; with an increase of 67% compared with the previous year's figure. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 115% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Malaysia (X square meters) represented the main exporter of multiple-walled insulating units of glass, making up 36% of total exports. Singapore (X square meters) ranks second in terms of the total exports with a 20% share, followed by Vietnam (19%), Lao People's Democratic Republic (15%) and Indonesia (7.9%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of +2,720.4%), while the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) remains the largest multiple-walled insulating glass unit supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was held by Singapore ($X), with a 4% share of total exports. It was followed by Vietnam, with a 3.9% share.

In Lao People's Democratic Republic, multiple-walled insulating glass unit exports expanded at an average annual rate of +1,674.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+12.3% per year) and Vietnam (+6.7% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per square meter, increasing by 278% against the previous year. Overall, the export price saw a strong expansion. As a result, the export price attained 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 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per square meter), while Malaysia ($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 Vietnam (-2.3%), while the other leaders experienced a decline in the export price figures.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in South-Eastern Asia

In 2021, the amount of multiple-walled insulating units of glass imported in South-Eastern Asia amounted to X square meters, increasing by 15% compared with 2020 figures. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 56%. As a result, imports reached the peak of X square meters. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports reduced to $X in 2021. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of multiple-walled insulating glass unit imports in 2021 were the Philippines (X square meters), Thailand (X square meters) and Vietnam (X square meters), together amounting to 69% of total import. Cambodia (X square meters) ranks next in terms of the total imports with an 11% share, followed by Indonesia (7.6%), Singapore (5.6%) and Malaysia (5.2%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 60% of total imports. These countries were followed by Cambodia, Singapore, Malaysia and Indonesia, which together accounted for a further 39%.

Cambodia, with a CAGR of +28.3%, saw the highest growth rate of the value of imports, among 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 2021, the import price in South-Eastern Asia amounted to $X per square meter, which is down by -17.5% against the previous year. In general, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2013 an increase of 8.1%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per square meter), while Vietnam ($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 Singapore (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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