Vietnam: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Vietnam

The Vietnamese multiple-walled insulating glass unit market fell to $X in 2021, with a decrease of -5.1% against the previous year. Over the period under review, consumption saw a slight shrinkage. Multiple-walled insulating glass unit consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Vietnam

In value terms, multiple-walled insulating glass unit production contracted to $X in 2021 estimated in export price. Overall, production recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 45%. Multiple-walled insulating glass unit production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Vietnam

Multiple-walled insulating glass unit exports from Vietnam soared to X square meters in 2021, growing by 16% against the previous year. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 245% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, multiple-walled insulating glass unit exports expanded remarkably to $X in 2021. In general, exports saw a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 211%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X square meters), Canada (X square meters) and Cambodia (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Vietnam, together comprising 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +503.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Cambodia ($X) constituted the largest markets for multiple-walled insulating glass unit exported from Vietnam worldwide, together accounting for 98% of total exports.

Canada, with a CAGR of +500.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 multiple-walled insulating glass unit export price amounted to $X per square meter, falling by -8.1% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 9.6% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Lao People's Democratic Republic ($X per square meter) and Canada ($X per square meter), while the average price for exports to Cambodia ($X per square meter) and the United States ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Vietnam

Multiple-walled insulating glass unit imports into Vietnam surged to X square meters in 2021, rising by 250% on 2020 figures. Over the period under review, imports showed a remarkable increase. Imports peaked 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 soared to $X in 2021. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 147%. 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

In 2021, China (X square meters) constituted the largest multiple-walled insulating glass unit supplier to Vietnam, with a 63% share of total imports. Moreover, multiple-walled insulating glass unit imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), threefold. The third position in this ranking was held by the United States (X square meters), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+72.1% per year) and the United States (+26.6% per year).

In value terms, China ($X) constituted the largest supplier of multiple-walled insulating units of glass to Vietnam, comprising 58% of total imports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+65.9% per year) and the United States (+21.8% per year).

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, reducing by -43.8% against the previous year. Overall, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 46%. The import price peaked at $X per square meter in 2019; however, from 2020 to 2021, import prices remained at a 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 the United States ($X per square meter), while the price for Malaysia ($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 India (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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