U.S.: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in the U.S.

The U.S. market for drawn glass and blown glass skyrocketed to $X in 2021, rising by 16% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Drawn Glass And Blown Glass in the U.S.

In value terms, drawn glass and blown glass production stood at $X in 2021. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 22%. Drawn glass and blown glass production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from the U.S.

In 2021, shipments abroad of drawn glass and blown glass decreased by -43.7% to X square meters for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 71% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2020, and then declined notably in the following year.

In value terms, drawn glass and blown glass exports reduced markedly to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 54% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X square meters) was the main destination for drawn glass and blown glass exports from the United States, accounting for a 79% share of total exports. Moreover, drawn glass and blown glass exports to Hong Kong SAR exceeded the volume sent to the second major destination, China (X square meters), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+57.6% per year) and Canada (-20.8% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for drawn glass and blown glass exports from the United States, comprising 85% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+55.1% per year) and Canada (-23.2% per year).

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, growing by 42% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 49%. The export price peaked at $X per square meter in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per square meter), while the average price for exports to Canada ($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 China (-1.6%), while the prices for the other major destinations experienced a decline.

Imports of Drawn Glass And Blown Glass

Imports into the U.S.

For the fifth year in a row, the United States recorded decline in purchases abroad of drawn glass and blown glass, which decreased by -6.1% to X square meters in 2021. In general, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2016 when imports increased by 16% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports rose remarkably to $X in 2021. Overall, imports continue to indicate a slight shrinkage. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Switzerland (X square meters) constituted the largest supplier of drawn glass and blown glass to the United States, with a 62% share of total imports. Moreover, drawn glass and blown glass imports from Switzerland exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The third position in this ranking was held by Taiwan (Chinese) (X square meters), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Switzerland amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.2% per year) and Taiwan (Chinese) (+8.1% per year).

In value terms, Switzerland ($X) constituted the largest supplier of drawn glass and blown glass to the United States, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.3% per year) and Germany (-4.5% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, with an increase of 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for China ($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 Canada (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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