CIS: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in CIS

In 2021, the CIS market for drawn glass and blown glass was finally on the rise to reach $X after four years of decline. In general, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Drawn Glass And Blown Glass in CIS

In value terms, drawn glass and blown glass production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 52% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Drawn Glass And Blown Glass

Exports in CIS

In 2021, exports of drawn glass and blown glass in the CIS surged to X square meters, with an increase of 81% on the previous year's figure. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 502% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, drawn glass and blown glass exports soared to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 198% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

The shipments of the one major exporters of drawn glass and blown glass, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the drawn glass and blown glass exports, with a CAGR of +37.5% from 2012 to 2021. From 2012 to 2021, the share of Russia increased by +7.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest drawn glass and blown glass supplier in the CIS.

In Russia, drawn glass and blown glass exports increased at an average annual rate of +23.7% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per square meter in 2021, rising by 8.4% against the previous year. In general, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -10.0% per year.

Imports of Drawn Glass And Blown Glass

Imports in CIS

In 2021, purchases abroad of drawn glass and blown glass was finally on the rise to reach X square meters for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 107%. As a result, imports attained the peak of X square meters. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, drawn glass and blown glass imports shrank to $X in 2021. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 81%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Armenia dominates imports structure, accounting for X square meters, which was approx. 82% of total imports in 2021. It was distantly followed by Tajikistan (X square meters), generating an 8.8% share of total imports. The following importers - Kyrgyzstan (X square meters) and Azerbaijan (X square meters) - each resulted at a 6.6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to drawn glass and blown glass imports into Armenia stood at -7.0%. At the same time, Tajikistan (+37.8%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +37.8% from 2012-2021. By contrast, Kyrgyzstan (-23.5%) and Azerbaijan (-25.9%) illustrated a downward trend over the same period. Armenia (+29 p.p.) and Tajikistan (+8.7 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan and Azerbaijan saw its share reduced by -9.5% and -12.6% from 2012 to 2021, respectively.

In value terms, Armenia ($X) constitutes the largest market for imported drawn glass and blown glass in the CIS, comprising 76% of total imports. The second position in the ranking was taken by Tajikistan ($X), with an 11% share of total imports. It was followed by Azerbaijan, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Armenia stood at -10.4%. The remaining importing countries recorded the following average annual rates of imports growth: Tajikistan (+18.8% per year) and Azerbaijan (-34.2% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per square meter, waning by -9.5% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per square meter), while Kyrgyzstan ($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 Armenia (-3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :