Southern Asia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Southern Asia

The South Asian market for drawn glass and blown glass contracted slightly to $X in 2023, standing approx. at the previous year. Overall, consumption continues to indicate a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in Southern Asia

In value terms, drawn glass and blown glass production reduced slightly to $X in 2023 estimated in export price. In general, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in Southern Asia

In 2023, the amount of drawn glass and blown glass exported in Southern Asia shrank notably to X square meters, waning by X% compared with the previous year. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X square meters in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports declined remarkably to $X in 2023. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, India (X square meters) was the major exporter of drawn glass and blown glass in Southern Asia, committing X% of total export.

India was also the fastest-growing in terms of the drawn glass and blown glass exports, with a CAGR of X% from 2012 to 2023. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest drawn glass and blown glass supplier in Southern Asia.

In India, drawn glass and blown glass exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per square meter, approximately reflecting the previous year. In general, the export price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per square meter, leveling off in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Drawn Glass And Blown Glass

Imports in Southern Asia

In 2023, approx. X square meters of drawn glass and blown glass were imported in Southern Asia; declining by X% compared with the previous year. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports attained the peak figure at X square meters in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports contracted slightly to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

India represented the key importing country with an import of around X square meters, which accounted for X% of total imports. It was distantly followed by Nepal (X square meters), generating an X% share of total imports. The following importers - Sri Lanka (X square meters) and Pakistan (X square meters) - each recorded a X% share of total imports.

Imports into India decreased at an average annual rate of X% from 2012 to 2023. At the same time, Nepal (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported drawn glass and blown glass in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with an X% share of total imports. It was followed by Nepal, with an X% share.

In India, drawn glass and blown glass imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per square meter, with an increase of X% against the previous year. In general, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices reached the peak figure in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per square meter), while Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform