Global Worked Flat Glass Market 2024

Worked Flat Glass Market Size

In 2023, after three years of growth, there was decline in the global worked flat glass market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Global consumption peaked at $X in 2022, and then fell modestly in the following year.

Worked Flat Glass Production

In value terms, worked flat glass production contracted slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. Global production peaked at $X in 2022, and then contracted slightly in the following year.

Worked Flat Glass Exports

Exports

For the fourth year in a row, the global market recorded growth in overseas shipments of worked flat glass, which increased by X% to X tons in 2023. Over the period under review, total exports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the global exports reached the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, worked flat glass exports fell slightly to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The global exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, China (X tons) represented the largest exporter of worked flat glass, achieving X% of total exports. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and Taiwan (Chinese) (X%). Spain (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%), Singapore (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Spain (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Singapore (X p.p.) and South Korea (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest worked flat glass supplying countries worldwide were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined X% share of global exports.

Among the main exporting countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average worked flat glass export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other global leaders experienced a decline in the export price figures.

Worked Flat Glass Imports

Imports

In 2023, after three years of growth, there was significant decline in supplies from abroad of worked flat glass, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at X tons in 2022, and then fell notably in the following year.

In value terms, worked flat glass imports contracted remarkably to $X in 2023. In general, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of global imports remained at a lower figure.

Imports by Country

In 2023, South Korea (X tons), distantly followed by Singapore (X tons), China (X tons) and Vietnam (X tons) represented the key importers of worked flat glass, together generating X% of total imports. Australia (X tons), India (X tons), Taiwan (Chinese) (X tons), Iraq (X tons), the United States (X tons), Germany (X tons), Canada (X tons) and Ghana (X tons) took a minor share of total imports.

South Korea experienced a relatively flat trend pattern with regard to volume of imports of worked flat glass. At the same time, Vietnam (X%), Iraq (X%), Australia (X%), India (X%), China (X%), Taiwan (Chinese) (X%), Canada (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%), the United States (X%) and Germany (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), China (X p.p.), Australia (X p.p.), India (X p.p.), the United States (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the global imports, while South Korea, Germany and Singapore saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest worked flat glass importing markets worldwide were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising X% of global imports. The United States, Vietnam, Singapore, Germany, India, Canada, Iraq, Australia and Ghana lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. Global import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform