Eastern Asia: Safety Glass Market 2024

Safety Glass Market Size in Eastern Asia

The East Asian safety glass market reduced slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Safety Glass Production in Eastern Asia

In value terms, safety glass production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Safety Glass Exports

Exports in Eastern Asia

In 2022, the amount of safety glass exported in Eastern Asia expanded markedly to X square meters, picking up by X% against 2021. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, safety glass exports reached $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The shipments of the one major exporters of safety glass, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the safety glass exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest safety glass supplier in Eastern Asia.

In China, safety glass exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, falling by X% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Safety Glass Imports

Imports in Eastern Asia

In 2022, overseas purchases of safety glass decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a mild setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, safety glass imports shrank significantly to $X in 2022. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Korea represented the key importer of safety glass in Eastern Asia, with the volume of imports recording X square meters, which was near X% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X square meters), Japan (X square meters), China (X square meters) and Hong Kong SAR (X square meters), together comprising a X% share of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and China (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Taiwan (Chinese) and China increased by X, X and X percentage points, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported safety glass in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

In South Korea, safety glass imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a deep setback. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per square meter), while Taiwan (Chinese) ($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 Japan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :