Southern Asia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Southern Asia

The South Asian glass in the mass market soared to $X in 2022, surging by 20% against the previous year. In general, consumption, however, showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Southern Asia

In value terms, glass in the mass production shrank notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 39%. Over the period under review, glass in mass production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Glass in The Mass

Exports in Southern Asia

In 2022, exports of glass in the mass in Southern Asia skyrocketed to X tons, jumping by 51% against 2021 figures. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 115%. Over the period under review, the glass in mass exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, glass in the mass exports soared to $X in 2022. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 92% against the previous year. Over the period under review, the glass in mass exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

India represented the major exporting country with an export of around X tons, which resulted at 63% of total exports. Nepal (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Sri Lanka (12%) and Pakistan (11%).

From 2012 to 2022, average annual rates of growth with regard to glass in the mass exports from India stood at +26.6%. At the same time, Pakistan (+38.7%), Sri Lanka (+31.4%) and Nepal (+8.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +38.7% from 2012-2022. While the share of India (+19 p.p.), Pakistan (+7.7 p.p.) and Sri Lanka (+6.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nepal (-32 p.p.) displayed negative dynamics.

In value terms, the largest glass in the mass supplying countries in Southern Asia were India ($X), Pakistan ($X) and Nepal ($X), together comprising 85% of total exports.

Pakistan, with a CAGR of +42.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2019 when the export price increased by 15%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+17.1%), while the other leaders experienced more modest paces of growth.

Imports of Glass in The Mass

Imports in Southern Asia

After two years of decline, overseas purchases of glass in the mass increased by 166% to X tons in 2022. Overall, imports, however, saw a perceptible curtailment. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, glass in the mass imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt decrease. Over the period under review, glass in mass imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India represented the largest importing country with an import of about X tons, which accounted for 79% of total imports. It was distantly followed by Bangladesh (X tons), making up a 21% share of total imports.

Imports into India decreased at an average annual rate of -5.4% from 2012 to 2022. At the same time, Bangladesh (+47.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +47.2% from 2012-2022. While the share of Bangladesh (+21 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-20.3 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported glass in the mass in Southern Asia, comprising 73% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 26% share of total imports.

In India, glass in the mass imports plunged by an average annual rate of -13.6% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, falling by -23.6% against the previous year. Over the period under review, the import price showed a deep slump. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (-5.5%).

Source: IndexBox Platform

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