Thailand: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Thailand

The Thai multiple-walled insulating glass unit market expanded to $X in 2021, growing by 1.8% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Thailand

In value terms, multiple-walled insulating glass unit production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Thailand

In 2021, the amount of multiple-walled insulating units of glass exported from Thailand fell markedly to X square meters, with a decrease of -41.1% on 2020 figures. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 119% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports rose to $X in 2021. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 96%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X square meters), Singapore (X square meters) and Taiwan (Chinese) (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Thailand, with a combined 72% share of total exports. Hong Kong SAR, Saudi Arabia, Lao People's Democratic Republic, the United States, Australia and China lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +4,000.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multiple-walled insulating glass unit exported from Thailand were Taiwan (Chinese) ($X), Japan ($X) and Hong Kong SAR ($X), with a combined 77% share of total exports. Singapore, the United States, Saudi Arabia, Lao People's Democratic Republic, Australia and China lagged somewhat behind, together comprising a further 19%.

Saudi Arabia, with a CAGR of +3,929.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average multiple-walled insulating glass unit export price amounted to $X per square meter, growing by 78% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple-walled insulating glass unit export price increased by +118.5% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the average price for exports to Australia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Thailand

In 2021, approx. X square meters of multiple-walled insulating units of glass were imported into Thailand; declining by -21.7% on the previous year's figure. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 81% against the previous year. As a result, imports reached the peak of X square meters, and then contracted notably in the following year.

In value terms, multiple-walled insulating glass unit imports reduced rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 85% against the previous year. Imports peaked at $X in 2020, and then fell notably in the following year.

Imports by Country

In 2021, China (X square meters) constituted the largest multiple-walled insulating glass unit supplier to Thailand, accounting for a 90% share of total imports. It was followed by Italy (X square meters), with a 2.8% share of total imports. The third position in this ranking was held by Germany (X square meters), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+53.2% per year) and Germany (+48.4% per year).

In value terms, China ($X) constituted the largest supplier of multiple-walled insulating units of glass to Thailand, comprising 78% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.8% share of total imports. It was followed by Italy, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+35.2% per year) and Italy (+42.1% per year).

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, falling by -20.7% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2017 an increase of 25%. As a result, import price reached the peak level of $X per square meter. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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