Russian Federation: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in the Russian Federation

The Russian market for float glass and surface ground or polished glass rose to $X in 2022, surging by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Float Glass And Surface Ground or Polished Glass in the Russian Federation

In value terms, production of float glass and surface ground or polished glass contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from the Russian Federation

In 2022, the amount of float glass and surface ground or polished glass exported from Russia reduced remarkably to X square meters, which is down by X% against the previous year's figure. In general, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X square meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of float glass and surface ground or polished glass fell notably to $X in 2022. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Kazakhstan (X square meters), Turkey (X square meters) and Poland (X square meters) were the main destinations of exports of float glass and surface ground or polished glass from Russia, with a combined X% share of total exports. Uzbekistan, Estonia, Ukraine, Kyrgyzstan, Georgia, Finland, Tajikistan, Bulgaria and Azerbaijan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for float glass and surface ground or polished glass exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Uzbekistan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the average export price for float glass and surface ground or polished glass amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per square meter), while the average price for exports to Kyrgyzstan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports into the Russian Federation

In 2022, after three years of growth, there was significant decline in purchases abroad of float glass and surface ground or polished glass, when their volume decreased by X% to X square meters. Overall, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass shrank sharply to $X in 2022. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X square meters), Kyrgyzstan (X square meters) and Poland (X square meters) were the main suppliers of imports of float glass and surface ground or polished glass to Russia, with a combined X% share of total imports. Finland, Lithuania, Azerbaijan, Germany and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Azerbaijan (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Kyrgyzstan ($X), China ($X) and Finland ($X) appeared to be the largest float glass and surface ground or polished glass suppliers to Russia, together comprising X% of total imports. Poland, Lithuania, Germany, Azerbaijan and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Azerbaijan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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, with an increase of X% against the previous year. In general, import price indicated a perceptible expansion 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 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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