Vietnam: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Vietnam

The Vietnamese market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded significantly to $X in 2022, growing by 11% against the previous year. Over the period under review, consumption posted notable growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Vietnam

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reached $X in 2022 estimated in export price. Overall, production continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2018 with an increase of 98%. Over the period under review, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Vietnam

Exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Vietnam declined remarkably to X square meters in 2022, waning by -18.3% against 2021. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2015 when exports increased by 195%. As a result, the exports attained the peak of X square meters. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground contracted markedly to $X in 2022. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 188% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Cambodia (X square meters), China (X square meters) and Taiwan (Chinese) (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Vietnam, together accounting for 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +39.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Vietnam were Cambodia ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 81% of total exports. Hong Kong SAR, Argentina, Bolivia, Kenya, Thailand, Japan and Malaysia lagged somewhat behind, together comprising a further 12%.

Bolivia, with a CAGR of +45.8%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, with a decrease of -10% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +22.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 90%. The export price peaked at $X per square meter in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per square meter), while the average price for exports to Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+56.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Vietnam

In 2022, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground into Vietnam soared to X square meters, jumping by 48% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 77% against the previous year. As a result, imports reached the peak of X square meters. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. In general, imports showed measured growth. The pace of growth appeared the most rapid in 2017 with an increase of 77%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to Vietnam, with a 54% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), twofold. Thailand (X square meters) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+27.3% per year) and Thailand (+12.4% per year).

In value terms, China ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Vietnam, comprising 63% of total imports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total imports. It was followed by Thailand, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+27.2% per year) and Thailand (+15.2% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, dropping by -15.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per square meter, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per square meter), while the price for South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform