Australia: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Australia

In 2022, the Australian market for float glass and surface ground or polished glass increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a strong expansion. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Australia

In 2022, approx. X square meters of float glass and surface ground or polished glass were exported from Australia; which is down by X% compared with the previous year's figure. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground or polished glass shrank to $X in 2022. In general, exports, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X square meters) was the main destination for exports of float glass and surface ground or polished glass from Australia, with a X% share of total exports. Moreover, exports of float glass and surface ground or polished glass to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to X%.

In value terms, New Zealand ($X) remains the key foreign market for float glass and surface ground or polished glass exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand amounted to X%.

Export Prices by Country

The average export price for float glass and surface ground or polished glass stood at $X per square meter in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a strong increase. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while the average price for exports to Papua New Guinea stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%).

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Imports of Float Glass And Surface Ground or Polished Glass

Imports into Australia

In 2022, purchases abroad of float glass and surface ground or polished glass increased by X% to X square meters, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of float glass and surface ground or polished glass skyrocketed to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Malaysia (X square meters), China (X square meters) and Indonesia (X square meters) were the main suppliers of imports of float glass and surface ground or polished glass to Australia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) were the largest float glass and surface ground or polished glass suppliers to Australia, with a combined X% share of total imports.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for float glass and surface ground or polished glass stood at $X per square meter in 2022, rising by X% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: 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 2022 figures, import price for float glass and surface ground or polished glass increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Thailand ($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 United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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