United Kingdom: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in the UK

In 2021, the UK multiple-walled insulating glass unit market decreased by -0.3% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in the UK

In value terms, multiple-walled insulating glass unit production stood at $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 18%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from the UK

In 2021, the amount of multiple-walled insulating units of glass exported from the UK expanded notably to X square meters, increasing by 9.7% against 2020. Overall, exports recorded a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 53%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, multiple-walled insulating glass unit exports contracted to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.2% against 2012 indices. The growth pace was the most rapid in 2014 when exports increased by 27% against the previous year. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Ireland (X square meters) was the main destination for multiple-walled insulating glass unit exports from the UK, accounting for a 90% share of total exports. Moreover, multiple-walled insulating glass unit exports to Ireland exceeded the volume sent to the second major destination, the United States (X square meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland stood at +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.7% per year) and France (+21.9% per year).

In value terms, Ireland ($X) remains the key foreign market for multiple-walled insulating units of glass exports from the UK, comprising 77% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.3% per year) and France (+11.4% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, reducing by -17.7% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 43%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Ireland ($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 the United States (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into the UK

In 2021, purchases abroad of multiple-walled insulating units of glass decreased by -14.5% to X square meters, falling for the second year in a row after three years of growth. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs at X square meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports dropped to $X in 2021. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 43%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X square meters), Poland (X square meters) and China (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to the UK, together comprising 56% of total imports. These countries were followed by Spain, Ireland, Germany, Lithuania, France and Austria, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +154.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest multiple-walled insulating glass unit suppliers to the UK were Turkey ($X), China ($X) and Poland ($X), together accounting for 47% of total imports. These countries were followed by Germany, Spain, Ireland, Lithuania, France and Austria, which together accounted for a further 38%.

Lithuania, with a CAGR of +132.8%, saw the highest growth rate of the value of imports, in terms of 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 multiple-walled insulating glass unit import price stood at $X per square meter in 2021, growing by 17% against the previous year. In general, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per square meter), while the price for Ireland ($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 (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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