Southern Asia: Market for Multiple-Walled Insulating Units Of Glass 2023

Market Size for Multiple-Walled Insulating Units Of Glass in Southern Asia

In 2021, after four years of growth, there was decline in the South Asian multiple-walled insulating glass unit market, when its value decreased by -1.1% to $X. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then dropped slightly in the following year.

Production of Multiple-Walled Insulating Units Of Glass in Southern Asia

In value terms, multiple-walled insulating glass unit production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate modest growth. The pace of growth appeared the most rapid in 2019 with an increase of 12% against the previous year. The level of production peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Southern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of multiple-walled insulating units of glass, when their volume increased by 58% to X square meters. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 64%. As a result, the exports attained the peak of X square meters. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports surged to $X in 2021. Overall, exports saw resilient growth. The growth pace was the most rapid in 2018 with an increase of 80% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, India (X square meters) represented the major exporter of multiple-walled insulating units of glass in Southern Asia, making up 100% of total export.

India was also the fastest-growing in terms of the multiple-walled insulating units of glass exports, with a CAGR of +15.3% from 2012 to 2021. From 2012 to 2021, the share of India increased by +9.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest multiple-walled insulating glass unit supplier in Southern Asia.

In India, multiple-walled insulating glass unit exports expanded at an average annual rate of +15.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per square meter, reducing by -16.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.1% per year.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Southern Asia

In 2021, the amount of multiple-walled insulating units of glass imported in Southern Asia skyrocketed to X square meters, picking up by 32% against 2020. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 43%. The volume of import peaked at X square meters in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports soared to $X in 2021. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 68%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Bangladesh was the key importing country with an import of about X square meters, which recorded 60% of total imports. India (X square meters) held the second position in the ranking, followed by Sri Lanka (X square meters). All these countries together held near 38% share of total imports.

Imports into Bangladesh increased at an average annual rate of +23.1% from 2012 to 2021. At the same time, Sri Lanka (+43.4%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +43.4% from 2012-2021. By contrast, India (-2.1%) illustrated a downward trend over the same period. While the share of Bangladesh (+36 p.p.) and Sri Lanka (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-46.7 p.p.) displayed negative dynamics.

In value terms, the largest multiple-walled insulating glass unit importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), with a combined 99% share of total imports.

In terms of the main importing countries, Sri Lanka, with a CAGR of +46.2%, recorded the highest growth rate of 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 Southern Asia stood at $X per square meter in 2021, rising by 8.5% against the previous year. Over the period under review, the import price, however, showed a slight descent. The pace of growth appeared the most rapid in 2018 when the import price increased by 27%. Over the period under review, import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per square meter), while Bangladesh ($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 India (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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