Thailand: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Thailand

The Thai glass in the mass market surged to $X in 2022, growing by 21% against the previous year. In general, consumption showed a significant increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Thailand

In value terms, glass in the mass production reduced to $X in 2022 estimated in export price. Overall, production showed moderate growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 68% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Glass in The Mass

Exports from Thailand

In 2022, after two years of decline, there was significant growth in overseas shipments of glass in the mass, when their volume increased by 85% to X tons. Over the period under review, exports, however, saw a noticeable downturn. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, glass in the mass exports soared to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for glass in the mass exports from Thailand, accounting for a 83% share of total exports. Moreover, glass in the mass exports to Malaysia exceeded the volume sent to the second major destination, France (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+22.5% per year) and Japan (-56.9% per year).

In value terms, Malaysia ($X) remains the key foreign market for glass in the mass exports from Thailand, comprising 68% of total exports. The second position in the ranking was held by France ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.9% per year) and Japan (-46.3% per year).

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, shrinking by -2% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass in the mass export price increased by +66.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Thailand

In 2022, purchases abroad of glass in the mass increased by 48% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 199% against the previous year. Over the period under review, glass in mass imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 702% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Cambodia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of glass in the mass imports to Thailand, with a combined 70% share of total imports. Lao People's Democratic Republic, Malaysia, the Philippines, Vietnam and Myanmar lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +207.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of glass in the mass to Thailand, comprising 88% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.9% share of total imports. It was followed by Cambodia, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +89.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.3% per year) and Cambodia (+65.8% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, which is down by -12.9% against the previous year. Overall, the import price, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 551%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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