Overview of the Global Market for Float Glass And Surface Ground or Polished Glass

Market Size for Float Glass And Surface Ground or Polished Glass

In 2022, the global market for float glass and surface ground or polished glass increased by 0.5% to $X, rising for the sixth year in a row after four years of decline. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Float Glass And Surface Ground or Polished Glass

In value terms, production of float glass and surface ground or polished glass reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Float Glass And Surface Ground or Polished Glass

Exports

In 2022, shipments abroad of float glass and surface ground or polished glass increased by 15% to X square meters, rising for the second consecutive year after four years of decline. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. Over the period under review, the global exports of attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of float glass and surface ground or polished glass surged to $X in 2022. The total export value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the global exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

China represented the largest exporting country with an export of about X square meters, which accounted for 26% of total exports. Germany (X square meters) ranks second in terms of the total exports with a 9.7% share, followed by the United States (6.4%), Thailand (6%), Russia (5.8%) and Poland (4.7%). France (X square meters), Japan (X square meters), Belgium (X square meters), Belarus (X square meters), Italy (X square meters), South Korea (X square meters) and Iran (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to float glass and surface ground or polished glass exports from China stood at +8.9%. At the same time, Iran (+20.5%), Belarus (+15.6%), Thailand (+11.8%), Russia (+11.5%), Germany (+3.5%), Italy (+2.6%) and Poland (+2.5%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.5% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, South Korea (-1.4%), Belgium (-3.0%), France (-3.6%) and Japan (-13.9%) illustrated a downward trend over the same period. China (+13 p.p.), Thailand (+3.7 p.p.), Russia (+3.6 p.p.), Belarus (+1.8 p.p.), Germany (+1.7 p.p.) and Iran (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while France and Japan saw its share reduced by -2.1% and -11.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest float glass and surface ground or polished glass supplier worldwide, comprising 26% of global exports. The second position in the ranking was held by Germany ($X), with a 12% share of global exports. It was followed by the United States, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +15.6%. In the other countries, the average annual rates were as follows: Germany (+6.4% per year) and the United States (+2.2% per year).

Export Prices by Country

The average export price for float glass and surface ground or polished glass stood at $X per square meter in 2022, picking up by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while Thailand ($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 China (+6.1%), while the other global leaders experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports

In 2022, purchases abroad of float glass and surface ground or polished glass increased by 1.7% to X square meters, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Over the period under review, global imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of float glass and surface ground or polished glass expanded significantly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Over the period under review, global imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X square meters), distantly followed by India (X square meters) and Canada (X square meters) represented the major importers of float glass and surface ground or polished glass, together generating 30% of total imports. Poland (X square meters), South Korea (X square meters), the Netherlands (X square meters), France (X square meters), Turkey (X square meters), Spain (X square meters), Malaysia (X square meters), the Czech Republic (X square meters), Germany (X square meters) and Austria (X square meters) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +12.7% from 2012 to 2022. At the same time, Spain (+14.2%), India (+9.1%), Poland (+5.6%), Turkey (+3.7%), Canada (+3.6%), the Netherlands (+2.8%), the Czech Republic (+2.3%), Austria (+2.0%) and Malaysia (+1.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +14.2% from 2012-2022. By contrast, France (-2.3%), South Korea (-2.4%) and Germany (-6.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Spain increased by +10, +3.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Canada ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 21% of global imports.

India, with a CAGR of +12.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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, increasing by 5.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 9.7% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while China ($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 France (+3.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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