United Kingdom: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in the UK

In 2022, the UK glass in the mass market decreased by -10.4% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Glass in The Mass in the UK

In value terms, glass in the mass production fell to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 45% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Glass in The Mass

Exports from the UK

In 2022, overseas shipments of glass in the mass increased by 24% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. Over the period under review, the glass in mass exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, glass in the mass exports surged to $X in 2022. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 57%. Over the period under review, the glass in mass exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Portugal (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of glass in the mass exports from the UK, with a combined 80% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +190.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for glass in the mass exports from the UK, comprising 33% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Spain, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+219.6% per year) and Spain (+46.4% per year).

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, increasing by 18% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Nicaragua ($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 India (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into the UK

In 2022, approx. X tons of glass in the mass were imported into the UK; increasing by 4.8% on 2021 figures. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 165%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports amounted to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 60%. Over the period under review, glass in mass imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Ireland (X tons) and Belgium (X tons) were the main suppliers of glass in the mass imports to the UK, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +18.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Ireland ($X) constituted the largest supplier of glass in the mass to the UK, comprising 47% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports. It was followed by Finland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+22.1% per year) and Finland (+1.3% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, with a decrease of -3.3% against the previous year. Overall, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 43%. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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