United Kingdom: Flat Glass Market 2024

Flat Glass Market Size in the UK

The UK flat glass market skyrocketed to $X in 2021, growing by 66% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Flat glass consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Flat Glass Production in the UK

In value terms, flat glass production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 46%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

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Flat Glass Exports

Exports from the UK

In 2021, overseas shipments of flat glass increased by 7.6% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 8.5%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, flat glass exports soared to $X in 2021. Over the period under review, exports, however, recorded a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for flat glass exports from the UK, with a 59% share of total exports. Moreover, flat glass exports to Ireland exceeded the volume sent to the second major destination, Turkey (X tons), tenfold. Poland (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-11.6% per year) and Poland (-5.8% per year).

In value terms, Ireland ($X) remains the key foreign market for flat glass exports from the UK, comprising 48% of total exports. The second position in the ranking was held by Spain ($X), with a 6.1% share of total exports. It was followed by Turkey, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+24.7% per year) and Turkey (-5.0% per year).

Export Prices by Country

The average flat glass export price stood at $X per ton in 2021, increasing by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 an increase of 28%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Brazil ($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 Russia (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into the UK

After two years of decline, overseas purchases of flat glass increased by 95% to X tons in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flat glass imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Luxembourg (X tons) and Poland (X tons) were the main suppliers of flat glass imports to the UK, together comprising 45% of total imports. These countries were followed by Germany, China, Belgium, Turkey and Russia, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +147.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Germany ($X) constituted the largest flat glass suppliers to the UK, together accounting for 44% of total imports. These countries were followed by Luxembourg, France, Belgium, Turkey and Russia, which together accounted for a further 37%.

Among the main suppliers, Russia, with a CAGR of +177.1%, saw 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 average flat glass import price stood at $X per ton in 2021, picking up by 7.9% against the previous year. Overall, the import price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 16%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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