Philippines: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in the Philippines

The Philippine market for drawn glass and blown glass expanded modestly to $X in 2023, increasing by X% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2023: its value 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, consumption increased by X% against 2019 indices. Drawn glass and blown glass consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Drawn Glass And Blown Glass in the Philippines

In value terms, drawn glass and blown glass production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from the Philippines

In 2023, shipments abroad of drawn glass and blown glass was finally on the rise to reach X square meters for the first time since 2020, thus ending a two-year declining trend. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports rose rapidly to $X in 2023. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X square meters), Hong Kong SAR (X square meters) and Japan (X square meters) were the main destinations of drawn glass and blown glass exports from the Philippines, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for drawn glass and blown glass exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the average export price for drawn glass and blown glass amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, the export price, however, posted a mild increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2022, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to Hong Kong SAR ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into the Philippines

In 2023, approx. X square meters of drawn glass and blown glass were imported into the Philippines; jumping by X% compared with 2022 figures. In general, imports, however, showed a abrupt shrinkage. Imports peaked at X square meters in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports surged to $X in 2023. Over the period under review, imports, however, continue to indicate a pronounced decline. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X square meters) was the main drawn glass and blown glass supplier to the Philippines, accounting for a X% share of total imports. It was followed by Indonesia (X square meters), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%.

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

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

In 2023, the average import price for drawn glass and blown glass amounted to $X per square meter, falling by X% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per square meter), while the price for China totaled $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform