U.S.: Glass Product Market 2024

Glass Product Market Size in the U.S.

After two years of growth, the U.S. glass product market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Glass product consumption peaked at $X in 2022, and then dropped slightly in the following year.

Glass Product Production in the U.S.

In value terms, glass product production fell to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Glass product production peaked at $X in 2022, and then contracted slightly in the following year.

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

Glass Product Exports

Exports from the U.S.

In 2023, glass product exports from the United States rose slightly to X tons, increasing by X% compared with 2022 figures. Over the period under review, total exports indicated noticeable growth from 2013 to 2023: 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 2023 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, glass product exports expanded markedly to $X in 2023. The total export value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons), Mexico (X tons) and Germany (X tons) were the main destinations of glass product exports from the United States, with a combined X% share of total exports. China, France, South Korea, Malaysia and Japan lagged somewhat behind, together comprising a further X%.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass product exported from the United States were Germany ($X), Canada ($X) and Japan ($X), together accounting for X% of total exports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average glass product export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, export price indicated a mild expansion from 2013 to 2023: 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 2023 figures, glass product export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, 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 Japan ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Product Imports

Imports into the U.S.

In 2023, overseas purchases of glass products decreased by X% to X tons, falling for the second consecutive year after nine years of growth. In general, total imports indicated a buoyant expansion from 2013 to 2023: 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 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, glass product imports dropped to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest glass product supplier to the United States, accounting for a X% share of total imports. Moreover, glass product imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with an X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Mexico (X% per year).

In value terms, China ($X), Mexico ($X) and Canada ($X) were the largest glass product suppliers to the United States, with a combined X% share of total imports. Vietnam, Italy and Malaysia lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average glass product import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform