Thailand: Safety Glass Market 2024

Safety Glass Market Size in Thailand

The Thai safety glass market reduced to $X in 2022, declining by X% against the previous year. Overall, consumption showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Safety Glass Production in Thailand

In value terms, safety glass production fell remarkably to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Safety Glass Exports

Exports from Thailand

In 2022, shipments abroad of safety glass increased by X% to X square meters, rising for the third year in a row after six years of decline. Overall, total exports indicated modest growth from 2012 to 2022: its volume 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 2019 indices. The pace of growth appeared the most rapid 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 years to come.

In value terms, safety glass exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a mild decrease. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X square meters), India (X square meters) and Australia (X square meters) were the main destinations of safety glass exports from Thailand, together accounting for X% of total exports. Vietnam, Japan, the Philippines, New Zealand, Indonesia, Pakistan and Mexico lagged somewhat behind, together comprising 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 New Zealand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety glass exported from Thailand were Malaysia ($X), Vietnam ($X) and Pakistan ($X), with a combined X% share of total exports. Japan, Australia, India, the Philippines, Indonesia, New Zealand and Mexico lagged somewhat behind, together accounting for a further X%.

New Zealand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average safety glass export price amounted to $X per square meter, falling by X% against the previous year. Over the period under review, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per square meter), while the average price for exports to India ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Thailand

In 2022, after seven years of growth, there was decline in supplies from abroad of safety glass, when their volume decreased by X% to X square meters. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X square meters in 2021, and then dropped slightly in the following year.

In value terms, safety glass imports shrank to $X in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank slightly in the following year.

Imports by Country

China (X square meters) and Malaysia (X square meters) were the main suppliers of safety glass imports to Thailand.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%).

In value terms, China ($X) constituted the largest supplier of safety glass to Thailand, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2022, waning by X% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Malaysia stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform

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