Indonesia: Flat Glass Market 2024

Flat Glass Market Size in Indonesia

The Indonesian flat glass market amounted to $X in 2021, approximately reflecting the previous year. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.6% against 2019 indices. Flat glass consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Flat Glass Production in Indonesia

In value terms, flat glass production rose slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

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

Flat Glass Exports

Exports from Indonesia

Flat glass exports from Indonesia reduced to X tons in 2021, waning by -7.6% against the previous year's figure. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 12%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, flat glass exports surged to $X in 2021. Over the period under review, exports saw a noticeable curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Vietnam (X tons) and South Korea (X tons) were the main destinations of flat glass exports from Indonesia, together comprising 43% of total exports. Australia, New Zealand, China, Thailand, Taiwan (Chinese), Canada, Kenya, Cambodia, Peru and Gibraltar lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Gibraltar (with a CAGR of +726.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat glass exported from Indonesia were Malaysia ($X), Vietnam ($X) and Australia ($X), with a combined 44% share of total exports. South Korea, New Zealand, China, Thailand, Taiwan (Chinese), Canada, Kenya, Cambodia, Gibraltar and Peru lagged somewhat behind, together accounting for a further 41%.

Among the main countries of destination, Gibraltar, with a CAGR of +731.0%, saw the highest rates of growth with regard to 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

In 2021, the average flat glass export price amounted to $X per ton, growing by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price reached 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 New Zealand ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Indonesia

In 2021, purchases abroad of flat glass decreased by -40.7% to X tons, falling for the third year in a row after four years of growth. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, flat glass imports contracted rapidly to $X in 2021. Overall, imports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 73% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of flat glass to Indonesia, accounting for a 68% share of total imports. Moreover, flat glass imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+40.6% per year) and China (-21.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of flat glass to Indonesia, comprising 57% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+41.6% per year) and China (-17.2% per year).

Import Prices by Country

In 2021, the average flat glass import price amounted to $X per ton, rising by 40% against the previous year. In general, the import price, however, showed a abrupt setback. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :