Southern Asia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Southern Asia

The South Asian market for drawn glass and blown glass was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a deep slump. The growth pace was the most rapid in 2018 when the market value increased by 8.2%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Drawn Glass And Blown Glass in Southern Asia

In value terms, drawn glass and blown glass production rose sharply to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 7.4%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in Southern Asia

In 2021, shipments abroad of drawn glass and blown glass was finally on the rise to reach X square meters after two years of decline. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 101% against the previous year. The volume of export peaked at X square meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports soared to $X in 2021. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 90% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, India (X square meters) was the key exporter of drawn glass and blown glass in Southern Asia, committing 100% of total export.

India was also the fastest-growing in terms of the drawn glass and blown glass exports, with a CAGR of +20.3% from 2012 to 2021. India (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest drawn glass and blown glass supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India stood at +20.5%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per square meter, reducing by -9.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by 35%. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.2% per year.

Imports of Drawn Glass And Blown Glass

Imports in Southern Asia

In 2021, purchases abroad of drawn glass and blown glass increased by 4.8% to X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. The volume of import peaked at X square meters in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt descent. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India represented the main importing country with an import of about X square meters, which reached 58% of total imports. Sri Lanka (X square meters) took the second position in the ranking, followed by Nepal (X square meters) and Afghanistan (X square meters). All these countries together took approx. 40% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to drawn glass and blown glass imports into India stood at -14.5%. At the same time, Nepal (+25.2%) and Afghanistan (+3.2%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +25.2% from 2012-2021. By contrast, Sri Lanka (-10.4%) illustrated a downward trend over the same period. While the share of Nepal (+15 p.p.), Afghanistan (+5.1 p.p.) and Sri Lanka (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-19.2 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported drawn glass and blown glass in Southern Asia, comprising 61% of total imports. The second position in the ranking was held by Nepal ($X), with a 13% share of total imports. It was followed by Sri Lanka, with an 8.1% share.

In India, drawn glass and blown glass imports decreased by an average annual rate of -7.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+25.3% per year) and Sri Lanka (-8.8% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per square meter, rising by 25% against the previous year. Overall, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 156%. Over the period under review, import prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per square meter), while Afghanistan ($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 India (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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