South Africa: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in South Africa

The South African market for float glass and surface ground or polished glass expanded modestly to $X in 2022, rising by X% against the previous year. Overall, the total consumption indicated a modest 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, consumption decreased by X% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Float Glass And Surface Ground or Polished Glass in South Africa

In value terms, production of float glass and surface ground or polished glass expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated a mild 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 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from South Africa

In 2022, shipments abroad of float glass and surface ground or polished glass increased by X% to X square meters, rising for the second consecutive year after three years of decline. In general, total exports indicated tangible growth from 2012 to 2022: its volume 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 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass rose notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Zimbabwe (X square meters) was the main destination for exports of float glass and surface ground or polished glass from South Africa, accounting for a X% share of total exports. Moreover, exports of float glass and surface ground or polished glass to Zimbabwe exceeded the volume sent to the second major destination, Lesotho (X square meters), threefold. The third position in this ranking was taken by Mozambique (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Mozambique (X% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for float glass and surface ground or polished glass exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Lesotho ($X), with a X% share of total exports. It was followed by Mozambique, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Zimbabwe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Mozambique (X% per year).

Export Prices by Country

In 2022, the average export price for float glass and surface ground or polished glass amounted to $X per square meter, approximately equating the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per square meter), while the average price for exports to Mozambique ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports into South Africa

In 2022, the amount of float glass and surface ground or polished glass imported into South Africa shrank notably to X square meters, which is down by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X square meters in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass shrank to $X in 2022. In general, imports showed a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest float glass and surface ground or polished glass supplier to South Africa, accounting for a X% share of total imports. Moreover, imports of float glass and surface ground or polished glass from China exceeded the figures recorded by the second-largest supplier, Germany (X square meters), threefold. Belgium (X square meters) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X), Germany ($X) and Belgium ($X) appeared to be the largest float glass and surface ground or polished glass suppliers to South Africa, together comprising X% of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, 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 float glass and surface ground or polished glass stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price 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, import price for float glass and surface ground or polished glass increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Indonesia ($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 the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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