Southern Asia: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Southern Asia

The South Asian market for float glass and surface ground or polished glass rose modestly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Production of Float Glass And Surface Ground or Polished Glass in Southern Asia

In value terms, production of float glass and surface ground or polished glass amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in Southern Asia

In 2022, approx. X square meters of float glass and surface ground or polished glass were exported in Southern Asia; falling by X% compared with the previous year. Overall, exports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X square meters, and then declined markedly in the following year.

In value terms, exports of float glass and surface ground or polished glass amounted to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, India (X square meters) was the largest exporter of float glass and surface ground or polished glass, committing X% of total exports. It was distantly followed by Pakistan (X square meters) and Bangladesh (X square meters), together achieving a X% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of float glass and surface ground or polished glass. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Bangladesh (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest float glass and surface ground or polished glass supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per square meter in 2018; however, 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 India ($X per square meter), while Bangladesh ($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 India (X%), while the other leaders experienced a decline in the export price figures.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in Southern Asia

In 2022, overseas purchases of float glass and surface ground or polished glass increased by X% to X square meters, rising for the second year in a row after two years of decline. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of float glass and surface ground or polished glass soared to $X in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

India dominates glass structure, recording X square meters, which was approx. X% of total imports in 2022. It was distantly followed by Nepal (X square meters), mixing up a X% share of total imports. Sri Lanka (X square meters) and Bangladesh (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to float glass and surface ground or polished glass imports into India stood at X%. At the same time, Nepal (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Nepal increased by X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported float glass and surface ground or polished glass in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Nepal ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Nepal (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per square meter in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per square meter), while Nepal ($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 Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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