ASEAN: Safety Glass Market 2024

Safety Glass Market Size in ASEAN

The ASEAN safety glass market fell to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Safety Glass Production in ASEAN

In value terms, safety glass production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Safety Glass Exports

Exports in ASEAN

In 2022, shipments abroad of safety glass increased by X% to X square meters, rising for the seventh year in a row after three years of decline. In general, exports saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, safety glass exports amounted to $X in 2022. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Malaysia represented the main exporter of safety glass in ASEAN, with the volume of exports reaching X square meters, which was approx. X% of total exports in 2022. Vietnam (X square meters) took the second position in the ranking, followed by Thailand (X square meters). All these countries together took near X% share of total exports. Indonesia (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to safety glass exports from Malaysia stood at X%. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest safety glass supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per square meter, declining by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per square meter), while Malaysia ($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 Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Safety Glass Imports

Imports in ASEAN

In 2022, overseas purchases of safety glass decreased by X% to X square meters for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X square meters in 2021, and then fell in the following year.

In value terms, safety glass imports shrank to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell modestly in the following year.

Imports by Country

Thailand (X square meters) and Vietnam (X square meters) represented roughly X% of total imports in 2022. Singapore (X square meters) held the next position in the ranking, followed by Malaysia (X square meters) and Cambodia (X square meters). All these countries together held approx. X% share of total imports. Indonesia (X square meters) and the Philippines (X square meters) followed a long way behind the leaders.

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

In value terms, Vietnam ($X) constitutes the largest market for imported safety glass in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a pronounced contraction. Over the period under review, import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

Source: IndexBox Platform

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