U.S.: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in the U.S.

The U.S. worked flat glass market reduced sharply to $X in 2021, which is down by -24.4% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.1% against 2019 indices. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Worked Flat Glass Production in the U.S.

In value terms, worked flat glass production shrank sharply to $X in 2021. Over the period under review, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 102% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Worked Flat Glass Exports

Exports from the U.S.

In 2021, overseas shipments of worked flat glass decreased by -6.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, worked flat glass exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Germany (X tons) and the UK (X tons) were the main destinations of worked flat glass exports from the United States, together accounting for 68% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for worked flat glass exported from the United States were Canada ($X), China ($X) and Germany ($X), with a combined 56% share of total exports.

China, with a CAGR of +29.2%, recorded the highest growth rate of the value of exports, among 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

The average worked flat glass export price stood at $X per ton in 2021, jumping by 37% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 281% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Flat Glass Imports

Imports into the U.S.

In 2021, overseas purchases of worked flat glass decreased by -27.3% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 26%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, worked flat glass imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Singapore (X tons) and Belgium (X tons) were the main suppliers of worked flat glass imports to the United States, together comprising 58% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +64.0%), while imports for the other leaders experienced a decline.

In value terms, the largest worked flat glass suppliers to the United States were Singapore ($X), Japan ($X) and China ($X), together accounting for 61% of total imports.

Singapore, with a CAGR of +97.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2021, increasing by 59% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 152% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :