Thailand: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Thailand

The Thai market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose markedly to $X in 2022, picking up by 11% against the previous year. Over the period under review, consumption enjoyed notable growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Thailand

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded significantly to $X in 2022 estimated in export price. In general, production recorded a pronounced increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 40%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Thailand

After three years of growth, overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -10.5% to X square meters in 2022. Over the period under review, exports saw a slight curtailment. The growth pace was the most rapid in 2014 with an increase of 38%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground dropped modestly to $X in 2022. In general, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.4% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 46%. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum at $X in 2021, and then dropped slightly in the following year.

Exports by Country

China (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Thailand, with a 40% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to China exceeded the volume sent to the second major destination, South Korea (X square meters), threefold. The third position in this ranking was held by Vietnam (X square meters), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+11.9% per year) and Vietnam (+17.6% per year).

In value terms, China ($X) remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Thailand, comprising 40% of total exports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total exports. It was followed by Vietnam, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+14.6% per year) and Vietnam (+20.5% per year).

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, picking up by 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 25%. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per square meter) and Australia ($X per square meter), while the average price for exports to New Zealand ($X per square meter) and South Korea ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Thailand

For the fourth year in a row, Thailand recorded decline in purchases abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, which decreased by -11.1% to X square meters in 2022. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground shrank to $X in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to Thailand, accounting for a 49% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), threefold. The third position in this ranking was held by France (X square meters), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-6.5% per year) and France (+67.4% per year).

In value terms, China ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Thailand, comprising 49% of total imports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-6.2% per year) and France (+68.3% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per square meter) and Indonesia ($X per square meter), while the price for Germany ($X per square meter) and Japan ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform