Thailand: Safety Glass Market 2024

Safety Glass Market Size in Thailand

In 2022, after two years of growth, there was significant decline in the Thai safety glass market, when its value decreased by -6.6% to $X. Overall, consumption recorded a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Safety Glass Production in Thailand

In value terms, safety glass production fell notably to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1,247% against the previous year. Safety glass production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Safety Glass Exports

Exports from Thailand

Safety glass exports from Thailand fell modestly to X square meters in 2022, approximately equating the year before. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 37%. As a result, the exports attained the peak of X square meters, and then fell in the following year.

In value terms, safety glass exports reduced to $X in 2022. Overall, exports saw a mild setback. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X square meters) was the main destination for safety glass exports from Thailand, accounting for a 22% share of total exports. Moreover, safety glass exports to Australia exceeded the volume sent to the second major destination, Japan (X square meters), twofold. Pakistan (X square meters) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-11.3% per year) and Pakistan (+1.5% per year).

In value terms, Pakistan ($X), Vietnam ($X) and Malaysia ($X) appeared to be the largest markets for safety glass exported from Thailand worldwide, together comprising 41% of total exports. Australia, Japan, the Philippines, China, New Zealand, Belgium, India, Mexico, the United States and South Korea lagged somewhat behind, together comprising a further 44%.

Among the main countries of destination, China, with a CAGR of +144.6%, recorded the highest growth rate of the value of exports, 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 safety glass export price amounted to $X per square meter, falling by -6.3% against the previous year. Overall, the export price saw a noticeable reduction. The growth pace was the most rapid in 2013 an increase of 19% against the previous year. The export price peaked at $X per square meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per square meter), while the average price for exports to South Korea ($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 Malaysia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Thailand

In 2022, safety glass imports into Thailand expanded to X square meters, with an increase of 4.4% compared with the previous year. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 277%. Over the period under review, imports reached the maximum at X square meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, safety glass imports dropped slightly to $X in 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 97% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2021, China (X square meters) constituted the largest safety glass supplier to Thailand, with a 60% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), threefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +43.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+32.5% per year) and South Korea (+1.6% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Thailand, comprising 71% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+28.5% per year) and South Korea (-1.5% per year).

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, increasing by 15% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 19%. As a result, import price reached the peak level of $X per square meter. From 2015 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 South Korea ($X per square meter), while the price for Malaysia ($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 Malaysia (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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