United Kingdom: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in the UK

In 2021, the UK worked flat glass market decreased by -4.7% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Worked flat glass consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Worked Flat Glass Production in the UK

In value terms, worked flat glass production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Worked Flat Glass Exports

Exports from the UK

In 2021, after five years of decline, there was significant growth in shipments abroad of worked flat glass, when their volume increased by 87% to X tons. Overall, exports, however, saw a abrupt slump. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, worked flat glass exports rose modestly to $X in 2021. In general, exports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2015 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ireland (X tons), Canada (X tons) and Sweden (X tons) were the main destinations of worked flat glass exports from the UK, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +132.8%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for worked flat glass exports from the UK, comprising 50% of total exports. The second position in the ranking was held by Canada ($X), with a 16% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+8.7% per year) and Germany (-13.8% per year).

Export Prices by Country

The average worked flat glass export price stood at $X per ton in 2021, which is down by -44.4% against the previous year. Overall, the export price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 55%. As a result, the export price reached the peak level of $X per ton, and then fell rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden ($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 Poland (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Flat Glass Imports

Imports into the UK

In 2021, overseas purchases of worked flat glass decreased by -11.3% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 35%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, worked flat glass imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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

Spain (X tons), Turkey (X tons) and China (X tons) were the main suppliers of worked flat glass imports to the UK, with a combined 75% share of total imports. Germany, France, the Czech Republic and Belgium lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest worked flat glass suppliers to the UK were Germany ($X), Spain ($X) and China ($X), together comprising 67% of total imports. These countries were followed by France, Turkey, the Czech Republic and Belgium, which together accounted for a further 24%.

France, with a CAGR of +34.1%, 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

In 2021, the average worked flat glass import price amounted to $X per ton, with an increase of 60% against the previous year. Overall, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, worked flat glass import price increased by +82.9% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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