United Kingdom: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in the UK

In 2021, after two years of decline, there was significant growth in the UK market for drawn glass and blown glass, when its value increased by 23% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in the UK

In value terms, drawn glass and blown glass production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -37.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from the UK

In 2021, the amount of drawn glass and blown glass exported from the UK was estimated at X square meters, surging by 7.9% compared with the previous year's figure. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 when exports increased by 123%. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports soared to $X in 2021. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 101% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X square meters) was the main destination for drawn glass and blown glass exports from the UK, accounting for a 45% share of total exports. Moreover, drawn glass and blown glass exports to Germany exceeded the volume sent to the second major destination, Japan (X square meters), twofold. The United States (X square meters) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+7.7% per year) and the United States (-8.1% per year).

In value terms, the largest markets for drawn glass and blown glass exported from the UK were Japan ($X), Germany ($X) and the United States ($X), with a combined 77% share of total exports. These countries were followed by Spain, France, Ireland, Italy and Russia, which together accounted for a further 11%.

Ireland, with a CAGR of +17.7%, recorded the highest rates of growth with regard to 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 export price for drawn glass and blown glass amounted to $X per square meter, increasing by 30% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawn glass and blown glass export price decreased by -9.8% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 60% against the previous year. The export price peaked at $X per square meter in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Italy ($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 Russia (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into the UK

In 2021, supplies from abroad of drawn glass and blown glass increased by 68% to X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a deep reduction. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass imports soared to $X in 2021. Over the period under review, imports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 37%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X square meters) constituted the largest supplier of drawn glass and blown glass to the UK, accounting for a 48% share of total imports. Moreover, drawn glass and blown glass imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. India (X square meters) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.7% per year) and India (+12.3% per year).

In value terms, India ($X) constituted the largest supplier of drawn glass and blown glass to the UK, comprising 68% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+219.6% per year) and China (-20.1% per year).

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, shrinking by -22.8% against the previous year. Overall, the import price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 83% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2020, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per square meter), while the price for Turkey ($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 India (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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