Asia-Pacific: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Asia-Pacific

The Asia-Pacific market for drawn glass and blown glass was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, showed a noticeable decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Drawn Glass And Blown Glass in Asia-Pacific

In value terms, drawn glass and blown glass production amounted to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in Asia-Pacific

For the ninth consecutive year, Asia-Pacific recorded decline in shipments abroad of drawn glass and blown glass, which decreased by -3.2% to X square meters in 2021. Over the period under review, exports continue to indicate a sharp downturn. The smallest decline of -0.6% was in 2015. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports rose modestly to $X in 2021. Overall, exports continue to indicate a abrupt setback. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan represented the largest exporter of drawn glass and blown glass in Asia-Pacific, with the volume of exports finishing at X square meters, which was near 79% of total exports in 2021. It was distantly followed by China (X square meters), making up a 10% share of total exports. The following exporters - India (X square meters) and Taiwan (Chinese) (X square meters) - each finished at an 8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to drawn glass and blown glass exports from Japan stood at -19.5%. At the same time, India (+20.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +20.3% from 2012-2021. By contrast, Taiwan (Chinese) (-15.7%) and China (-24.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, India and Taiwan (Chinese) increased by +9.1, +4 and +1.6 percentage points, respectively.

In value terms, Japan ($X) remains the largest drawn glass and blown glass supplier in Asia-Pacific, comprising 87% of total exports. The second position in the ranking was held by China ($X), with a 7.1% share of total exports. It was followed by Taiwan (Chinese), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to -16.4%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-4.1% per year) and Taiwan (Chinese) (-21.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per square meter, surging by 5.6% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawn glass and blown glass export price increased by +83.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 28% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per square meter), while India ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.5%), while the other leaders experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports in Asia-Pacific

After four years of decline, purchases abroad of drawn glass and blown glass increased by 20% to X square meters in 2021. Over the period under review, imports, however, recorded a abrupt setback. The volume of import peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports surged to $X in 2021. In general, imports, however, saw a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X square meters) and Taiwan (Chinese) (X square meters) were the key importers of drawn glass and blown glass in 2021, amounting to near 32% and 27% of total imports, respectively. It was distantly followed by Japan (X square meters) and India (X square meters), together committing a 24% share of total imports. The following importers - Malaysia (X square meters), Sri Lanka (X square meters) and China (X square meters) - together made up 8.6% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 87% of total imports. China, Malaysia, India and Sri Lanka lagged somewhat behind, together accounting for a further 6.7%.

Among the main importing countries, Malaysia, with a CAGR of +23.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per square meter, reducing by -3.9% against the previous year. In general, the import price showed a perceptible descent. The growth pace was the most rapid in 2020 an increase of 45%. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while Sri Lanka ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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