Report Update Nov 1, 2024

Vietnam - Worked Flat Glass - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Vietnam

In 2021, the Vietnamese worked flat glass market increased by 1.3% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption, however, recorded a strong increase. Worked flat glass consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Worked Flat Glass Production in Vietnam

In value terms, worked flat glass production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 63% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Worked Flat Glass Exports

Exports from Vietnam

In 2021, approx. X tons of worked flat glass were exported from Vietnam; with an increase of 16% compared with the year before. Overall, exports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 113% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, worked flat glass exports shrank remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 116% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons), Malaysia (X tons) and Japan (X tons) were the main destinations of worked flat glass exports from Vietnam, with a combined 66% share of total exports. These countries were followed by Peru, Australia, Colombia, Oman, Taiwan (Chinese) and Myanmar, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +95.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and Peru ($X) appeared to be the largest markets for worked flat glass exported from Vietnam worldwide, together comprising 7.4% of total exports.

Among the main countries of destination, Peru, with a CAGR of +72.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average worked flat glass export price stood at $X per ton in 2021, declining by -44.2% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 155%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Cambodia ($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 Myanmar (+131.2%), while the prices for the other major destinations experienced a decline.

Worked Flat Glass Imports

Imports into Vietnam

In 2021, purchases abroad of worked flat glass decreased by -11.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 780% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, worked flat glass imports surged to $X in 2021. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 296%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) was the main worked flat glass supplier to Vietnam, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +57.6%.

In value terms, China ($X) constituted the largest supplier of worked flat glass to Vietnam.

From 2012 to 2021, the average annual growth rate of value from China stood at +48.2%.

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2021, growing by 32% against the previous year. Overall, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 102%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -6.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for worked flat glass in the world?

The country with the largest volume of worked flat glass consumption was China, comprising approx. 23% of total volume. Moreover, worked flat glass consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.2% share.

What are the largest producers of worked flat glass in the world?

China remains the largest worked flat glass producing country worldwide, comprising approx. 32% of total volume. Moreover, worked flat glass production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 9.2% share.

What are the leading suppliers of worked flat glass to Vietnam?

In value terms, China and Hong Kong SAR appeared to be the largest worked flat glass suppliers to Vietnam.

What are the leading importers of worked flat glass from Vietnam?

In value terms, Malaysia, Japan and Taiwan Chinese) constituted the largest markets for worked flat glass exported from Vietnam worldwide, with a combined 90% share of total exports.

What is the average export price for worked flat glass in Vietnam?

The average worked flat glass export price stood at $12,274 per ton in 2021, dropping by -34.6% against the previous year.

What is the average import price for worked flat glass in Vietnam?

In 2021, the average worked flat glass import price amounted to $519 per ton, rising by 15% against the previous year.

This report provides an in-depth analysis of the worked flat glass market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23121150 - Optical flat glass, bent, edge-worked, engraved, etc.
Prodcom 23121190 - Non-optical flat glass, bent, edge-worked, engraved, etc.

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023