Philippines: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in the Philippines

The Philippine market for float glass and surface ground or polished glass expanded markedly to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a noticeable increase. Consumption of peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Float Glass And Surface Ground or Polished Glass in the Philippines

In value terms, production of float glass and surface ground or polished glass totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from the Philippines

In 2022, overseas shipments of float glass and surface ground or polished glass were finally on the rise to reach X square meters after two years of decline. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

South Korea (X square meters), Indonesia (X square meters) and Japan (X square meters) were the main destinations of exports of float glass and surface ground or polished glass from the Philippines.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for float glass and surface ground or polished glass exported from the Philippines were South Korea ($X), Indonesia ($X) and Japan ($X).

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for float glass and surface ground or polished glass stood at $X per square meter in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, 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 Japan ($X per square meter), while the average price for exports to South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Float Glass And Surface Ground or Polished Glass

Imports into the Philippines

In 2022, the amount of float glass and surface ground or polished glass imported into the Philippines skyrocketed to X square meters, picking up by X% compared with 2021 figures. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports of hit record highs at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass soared to $X in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X square meters), Malaysia (X square meters) and Taiwan (Chinese) (X square meters) were the main suppliers of imports of float glass and surface ground or polished glass to the Philippines, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of float glass and surface ground or polished glass to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average import price for float glass and surface ground or polished glass stood at $X per square meter in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per square meter) and Indonesia ($X per square meter), while the price for Malaysia ($X per square meter) and China ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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