Eastern Europe: Flat Glass Market 2024

Flat Glass Market Size in Eastern Europe

The East European flat glass market reduced modestly to $X in 2021, shrinking by -4.5% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.7% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Flat Glass Production in Eastern Europe

In value terms, flat glass production declined to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 45%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

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Flat Glass Exports

Exports in Eastern Europe

In 2021, overseas shipments of flat glass increased by 14% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 17%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, flat glass exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) and Poland (X tons) represented roughly 52% of total exports in 2021. Bulgaria (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (13%), the Czech Republic (8%), Hungary (5.6%) and Romania (5.4%).

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +13.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest flat glass supplying countries in Eastern Europe were Russia ($X), Poland ($X) and Bulgaria ($X), together comprising 62% of total exports.

Among the main exporting countries, Russia, with a CAGR of +14.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, picking up by 34% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+5.1%), while the other leaders experienced more modest paces of growth.

Flat Glass Imports

Imports in Eastern Europe

In 2021, purchases abroad of flat glass was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 15% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, flat glass imports skyrocketed to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) and Ukraine (X tons) represented the key importers of flat glass in Eastern Europe, together finishing at near 44% of total imports. The Czech Republic (X tons) took the next position in the ranking, followed by Romania (X tons), Russia (X tons), Lithuania (X tons) and Hungary (X tons). All these countries together held near 40% share of total imports. The following importers - Bulgaria (X tons) and Estonia (X tons) - each amounted to a 7.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2021, with a combined 52% share of total imports. These countries were followed by Romania, Hungary, Lithuania, Russia, Bulgaria and Estonia, which together accounted for a further 39%.

Among the main importing countries, Romania, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, jumping by 25% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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