U.S.: Market for Pressed And Blown Glass And Glassware 2024

Market Size for Pressed And Blown Glass And Glassware in the U.S.

In 2023, the U.S. pressed and blown glass market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, the total consumption indicated a buoyant increase from 2013 to 2023: 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 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank slightly in the following year.

Production of Pressed And Blown Glass And Glassware in the U.S.

In value terms, pressed and blown glass production reduced to $X in 2023. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Pressed and blown glass production peaked at $X in 2018; afterwards, it flattened through to 2023.

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Exports of Pressed And Blown Glass And Glassware

Exports from the U.S.

In 2023, exports of pressed and blown glass and glassware from the United States reduced to X tons, with a decrease of X% against 2022 figures. In general, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, pressed and blown glass exports fell modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of pressed and blown glass exports from the United States, with a combined X% share of total exports.

From 2013 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Canada ($X), Mexico ($X) and China ($X) were the largest markets for pressed and blown glass exported from the United States worldwide, with a combined X% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average pressed and blown glass export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a resilient increase from 2013 to 2023: 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 2023 figures, pressed and blown glass export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pressed And Blown Glass And Glassware

Imports into the U.S.

In 2023, after two years of growth, there was significant decline in supplies from abroad of pressed and blown glass and glassware, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, pressed and blown glass imports shrank to $X in 2023. Overall, total imports indicated a strong increase from 2013 to 2023: 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 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest pressed and blown glass supplier to the United States, accounting for a X% share of total imports. Moreover, pressed and blown glass imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2013 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and South Korea (X% per year).

In value terms, China ($X), Mexico ($X) and Germany ($X) appeared to be the largest pressed and blown glass suppliers to the United States, with a combined X% share of total imports. South Korea, Canada, Italy, India, Taiwan (Chinese), Malaysia, Brazil, Egypt and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Bahrain, with a CAGR of X%, saw 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 pressed and blown glass import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. The import price peaked in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform