Eastern Asia: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Eastern Asia

In 2022, the East Asian market for float glass and surface ground or polished glass decreased by X% to $X, falling for the second consecutive year after four years of growth. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Float Glass And Surface Ground or Polished Glass in Eastern Asia

In value terms, production of float glass and surface ground or polished glass contracted slightly to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in Eastern Asia

In 2022, overseas shipments of float glass and surface ground or polished glass decreased by X% to X square meters, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground or polished glass skyrocketed to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of float glass and surface ground or polished glass in Eastern Asia, with the volume of exports recording X square meters, which was near X% of total exports in 2022. Japan (X square meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X square meters) took a minor share of total exports.

China was also the fastest-growing in terms of the float glass and surface ground or polished glass exports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.), South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest float glass and surface ground or polished glass supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, exports of float glass and surface ground or polished glass expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, growing by X% against the previous year. Overall, the export price saw resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per square meter), while Taiwan (Chinese) ($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 China (X%), while the other leaders experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in Eastern Asia

In 2022, supplies from abroad of float glass and surface ground or polished glass decreased by X% to X square meters, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of float glass and surface ground or polished glass contracted to $X in 2022. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China represented the key importer of float glass and surface ground or polished glass in Eastern Asia, with the volume of imports recording X square meters, which was approx. X% of total imports in 2022. South Korea (X square meters) took the second position in the ranking, distantly followed by Japan (X square meters), Taiwan (Chinese) (X square meters) and Hong Kong SAR (X square meters). All these countries together took approx. X% share of total imports.

China was also the fastest-growing in terms of the float glass and surface ground or polished glass imports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%), South Korea (X%), Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported float glass and surface ground or polished glass in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while China ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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