Southern Asia: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Southern Asia

The South Asian worked flat glass market reduced notably to $X in 2021, which is down by -16.9% against the previous year. In general, consumption showed a perceptible reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Worked Flat Glass Production in Southern Asia

In value terms, worked flat glass production fell markedly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Worked Flat Glass Exports

Exports in Southern Asia

In 2021, worked flat glass exports in Southern Asia surged to X tons, rising by 35% on the previous year. Over the period under review, exports showed a mild expansion. The pace of growth was the most pronounced in 2019 with an increase of 447%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, worked flat glass exports surged to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 141%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the worked flat glass exports, with a CAGR of +3.5% from 2012 to 2021. From 2012 to 2021, the share of India increased by +17 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest worked flat glass supplier in Southern Asia.

In India, worked flat glass exports increased at an average annual rate of +1.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, rising by 20% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 64%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 -1.8% per year.

Worked Flat Glass Imports

Imports in Southern Asia

In 2021, the amount of worked flat glass imported in Southern Asia expanded remarkably to X tons, surging by 14% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 44%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, worked flat glass imports dropped to $X in 2021. Overall, imports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2016 with an increase of 23% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh represented the largest importer of worked flat glass in Southern Asia, with the volume of imports amounting to X tons, which was near 83% of total imports in 2021. It was distantly followed by India (X tons), committing a 10% share of total imports. Pakistan (X tons), Maldives (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

Imports into Bangladesh increased at an average annual rate of +37.1% from 2012 to 2021. At the same time, Pakistan (+53.9%) and Maldives (+6.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +53.9% from 2012-2021. By contrast, Sri Lanka (-9.3%) and India (-21.8%) illustrated a downward trend over the same period. While the share of Bangladesh (+78 p.p.) and Pakistan (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sri Lanka (-2.3 p.p.) and India (-79.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported worked flat glass in Southern Asia, comprising 63% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Pakistan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Bangladesh totaled +42.6%. In the other countries, the average annual rates were as follows: India (-18.8% per year) and Pakistan (+48.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, falling by -17.3% against the previous year. Overall, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2015 when the import price increased by 24%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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