Overview of the Global Market for Drawn Glass And Blown Glass

Market Size for Drawn Glass And Blown Glass

In 2021, the global market for drawn glass and blown glass was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the market value increased by 6.3% against the previous year. Global consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass

In value terms, drawn glass and blown glass production rose modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 3.5%. Over the period under review, global production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports

For the ninth consecutive year, the global market recorded decline in overseas shipments of drawn glass and blown glass, which decreased by -9% to X square meters in 2021. Overall, exports saw a abrupt descent. The smallest decline of -3.5% was in 2015. The global exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports rose to $X in 2021. Over the period under review, exports showed a abrupt curtailment. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan represented the largest exporting country with an export of about X square meters, which reached 42% of total exports. The United States (X square meters) ranks second in terms of the total exports with a 20% share, followed by Russia (8%) and China (5.4%). Switzerland (X square meters), Germany (X square meters), Estonia (X square meters), Saudi Arabia (X square meters), India (X square meters) and Taiwan (Chinese) (X square meters) followed a long way behind the leaders.

Exports from Japan decreased at an average annual rate of -19.5% from 2012 to 2021. At the same time, Estonia (+108.8%), Russia (+37.5%) and India (+20.3%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in the world, with a CAGR of +108.8% from 2012-2021. By contrast, Germany (-1.3%), the United States (-2.7%), Switzerland (-5.6%), Saudi Arabia (-10.1%), Taiwan (Chinese) (-15.7%) and China (-24.2%) illustrated a downward trend over the same period. The United States (+14 p.p.), Russia (+7.9 p.p.), Germany (+3.1 p.p.), Estonia (+3 p.p.), Switzerland (+2.7 p.p.) and India (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while China and Japan saw its share reduced by -8.3% and -20% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest drawn glass and blown glass supplier worldwide, comprising 58% of global exports. The second position in the ranking was taken by the United States ($X), with a 14% share of global exports. It was followed by Germany, with a 5.2% share.

In Japan, drawn glass and blown glass exports decreased by an average annual rate of -16.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-9.6% per year) and Germany (-1.6% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, increasing by 13% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 29% against the previous year. The global export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per square meter), while Russia ($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 China (+26.5%), while the other global leaders experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports

In 2021, supplies from abroad of drawn glass and blown glass was finally on the rise to reach X square meters after eight years of decline. Over the period under review, imports, however, saw a deep contraction. Global imports peaked at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. Overall, imports, however, saw a deep slump. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X square meters) and Taiwan (Chinese) (X square meters) were the main importers of drawn glass and blown glass in 2021, reaching approx. 19% and 16% of total imports, respectively. It was distantly followed by Japan (X square meters), Mongolia (X square meters), India (X square meters) and the United States (X square meters), together creating a 25% share of total imports. Estonia (X square meters), Tanzania (X square meters), Armenia (X square meters), Turkey (X square meters), Malaysia (X square meters), Rwanda (X square meters) and Sri Lanka (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Estonia (with a CAGR of +52.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest drawn glass and blown glass importing markets worldwide were South Korea ($X), Taiwan (Chinese) ($X) and the United States ($X), together accounting for 72% of global imports. Japan, Malaysia, India, Mongolia, Tanzania, Armenia, Estonia, Rwanda, Turkey and Sri Lanka lagged somewhat behind, together comprising a further 9.6%.

Among the main importing countries, Estonia, with a CAGR of +51.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, with an increase of 7.8% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. Global import price peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per square meter), while Sri Lanka ($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 Rwanda (+11.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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