Australia and Oceania: Market for Float Glass And Surface Ground or Polished Glass 2023

Exports of Float Glass And Surface Ground or Polished Glass

Exports in Australia and Oceania

Exports of float glass and surface ground or polished glass declined to X square meters in 2022, reducing by -14.8% on the year before. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 338%. The volume of export peaked at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass reduced modestly to $X in 2022. Over the period under review, exports, however, saw moderate growth. The pace of growth appeared the most rapid in 2016 when exports increased by 303% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in glass structure, resulting at X square meters, which was near 90% of total exports in 2022. It was distantly followed by New Zealand (X square meters), achieving a 6.8% share of total exports. Fiji (X square meters) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of -1.5% from 2012 to 2022. At the same time, New Zealand (+18.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +18.6% from 2012-2022. Fiji experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Zealand increased by +5.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest float glass and surface ground or polished glass supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +3.1%. In the other countries, the average annual rates were as follows: New Zealand (+14.8% per year) and Fiji (-2.5% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per square meter, jumping by 15% against the previous year. In general, the export price recorded a strong increase. The growth pace was the most rapid in 2015 an increase of 80% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while Fiji ($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 Australia (+4.7%), while the other leaders experienced a decline in the export price figures.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in Australia and Oceania

In 2022, approx. X square meters of float glass and surface ground or polished glass were imported in Australia and Oceania; increasing by 14% compared with 2021. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, imports of float glass and surface ground or polished glass skyrocketed to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

New Zealand (X square meters) and Australia (X square meters) represented roughly 98% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +9.4%).

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of imports in 2022.

New Zealand, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per square meter, increasing by 3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per square meter), while New Zealand amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.1%).

Source: IndexBox Market Intelligence Platform

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