Vietnam: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Vietnam

In 2020, the Vietnamese market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption, however, posted a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Consumption peaked at $X in 2019, and then contracted sharply in the following year.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Vietnam

In 2020, shipments abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to X square meters, falling for the third year in a row after five years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at X square meters in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses contracted to $X in 2020. In general, exports, however, saw a pronounced increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X square meters), Taiwan (Chinese) (X square meters) and South Korea (X square meters) were the main destinations of exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from Vietnam, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exported from Vietnam were Myanmar ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined X% share of total exports.

Myanmar (+X% per year) saw 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 more modest paces of growth.

Export Prices by Country

In 2020, the average export price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure in 2020 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2020, the countries with the highest prices were Cambodia ($X per square meter) and New Zealand ($X per square meter), while the average price for exports to South Korea ($X per square meter) and Taiwan (Chinese) ($X per square meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Vietnam

In 2020, after two years of growth, there was significant decline in overseas purchases of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses, when their volume decreased by -X% to X square meters. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X square meters in 2019, and then dropped markedly in the following year.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses plummeted to $X in 2020. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then dropped sharply in the following year.

Imports by Country

Japan (X square meters), South Korea (X square meters) and Thailand (X square meters) were the main suppliers of imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to Vietnam, with a combined X% share of total imports. China, Indonesia and India lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in India (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels suppliers to Vietnam were Japan ($X), South Korea ($X) and Thailand ($X), together accounting for X% of total imports. These countries were followed by China, Indonesia and India, which together accounted for a further X the main suppliers, India (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from India ($X per square meter) and Japan ($X per square meter), while the price for China ($X per square meter) and South Korea ($X per square meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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