Ukraine: Safety Glass Market 2024

Safety Glass Market Size in Ukraine

The Ukrainian safety glass market skyrocketed to $X in 2022, rising by 25% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Safety Glass Production in Ukraine

In value terms, safety glass production rose significantly to $X in 2022 estimated in export price. Overall, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 57%. Safety glass production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Safety Glass Exports

Exports from Ukraine

After two years of growth, shipments abroad of safety glass decreased by -87.5% to X square meters in 2022. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 167%. The exports peaked at X square meters in 2021, and then plummeted in the following year.

In value terms, safety glass exports declined rapidly to $X in 2022. Over the period under review, exports, however, saw a noticeable increase. The growth pace was the most rapid in 2016 when exports increased by 108% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell markedly in the following year.

Exports by Country

Greece (X square meters) was the main destination for safety glass exports from Ukraine, with a 26% share of total exports. Moreover, safety glass exports to Greece exceeded the volume sent to the second major destination, Italy (X square meters), twofold. The third position in this ranking was taken by Poland (X square meters), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Greece stood at +85.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+51.8% per year) and Poland (+97.7% per year).

In value terms, Greece ($X), Romania ($X) and Italy ($X) were the largest markets for safety glass exported from Ukraine worldwide, together comprising 36% of total exports. Poland, Germany, Belgium, Moldova, Spain, Belarus, Turkey, Bulgaria, Tunisia and Russia lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Belgium, with a CAGR of +248.7%, saw 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, surging by 8.8% against the previous year. Overall, the export price, however, saw a drastic downturn. The growth pace was the most rapid in 2018 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per square meter), while the average price for exports to Tunisia ($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 Moldova (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Ukraine

In 2022, the amount of safety glass imported into Ukraine plummeted to X square meters, with a decrease of -35.2% against the previous year's figure. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, safety glass imports dropped sharply to $X in 2022. Overall, imports recorded a slight slump. The growth pace was the most rapid in 2021 when imports increased by 35%. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Belarus (X square meters), China (X square meters) and Poland (X square meters) were the main suppliers of safety glass imports to Ukraine, together comprising 98% of total imports. These countries were followed by Russia, Turkey and Romania, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +86.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of safety glass to Ukraine, comprising 31% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports. It was followed by Belarus, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+6.3% per year) and Belarus (+31.5% per year).

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, increasing by 3.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.8%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for Belarus ($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 Turkey (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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