U.S.: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in the U.S.

In 2022, the U.S. glass in the mass market increased by 3.3% to $X, rising for the fourth consecutive year after six years of decline. In general, consumption recorded a abrupt decrease. Glass in the mass consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Glass in The Mass in the U.S.

In value terms, glass in the mass production totaled $X in 2022. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with a decrease of 99.9% against the previous year. Glass in the mass production peaked in 2022 and is likely to continue growth in the near future.

Exports of Glass in The Mass

Exports from the U.S.

In 2022, shipments abroad of glass in the mass was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 39% against the previous year. Over the period under review, the glass in mass exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports totaled $X in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 60%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

France (X tons), Canada (X tons) and Mexico (X tons) were the main destinations of glass in the mass exports from the United States, with a combined 78% share of total exports. South Korea, Germany, China, Japan and India lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +62.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Germany ($X) appeared to be the largest markets for glass in the mass exported from the United States worldwide, with a combined 72% share of total exports. South Korea, Canada, Mexico, France and India lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, South Korea, with a CAGR of +66.0%, saw the highest rates of growth with regard to 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

The average glass in the mass export price stood at $X per ton in 2022, which is down by -12.7% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 77%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to France ($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 (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into the U.S.

In 2022, supplies from abroad of glass in the mass increased by 2.3% to X tons, rising for the fourth year in a row after six years of decline. Overall, imports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2019 with an increase of 36%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports skyrocketed to $X in 2022. In general, imports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, glass in mass imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Canada (X tons) was the main supplier of glass in the mass to the United States, accounting for a 93% share of total imports. Moreover, glass in the mass imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.9% per year) and Mexico (-4.2% per year).

In value terms, Canada ($X) constituted the largest supplier of glass in the mass to the United States, comprising 28% of total imports. The second position in the ranking was taken by China ($X), with an 8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Canada stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Mexico (+9.5% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, with an increase of 16% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a 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 Mexico ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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