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U.S. - Flat Glass - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSignificant Decline in U.S. Flat Glass Exports, Slumping to $784M in 2023
U.S. Flat Glass Exports
After two years of growth, shipments abroad of flat glass decreased by -9.8% to 77M square meters in 2023. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 11%. The exports peaked at 86M square meters in 2022, and then reduced in the following year.
In value terms, flat glass exports dropped to $784M (IndexBox estimates) in 2023. Over the period under review, exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2022 when exports increased by 25%. The exports peaked at $976M in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
COUNTRY | Export Value of Flat Glass in U.S. (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Canada | 316 | 332 | 346 | 364 | 407 | 399 | 363 | 339 | 426 | 505 | 488 |
Mexico | 33.5 | 46.0 | 34.4 | 38.9 | 40.6 | 43.6 | 51.0 | 38.8 | 73.6 | 78.9 | 82.6 |
Hong Kong | 413 | 341 | 332 | 373 | 181 | 77.1 | 117 | 137 | 99.9 | 126 | 69.0 |
Malaysia | 35.0 | 21.9 | 19.3 | 38.3 | 2.5 | 1.7 | 13.2 | 9.4 | 0.4 | 25.7 | 48.8 |
China | 14.8 | 14.8 | 11.2 | 5.5 | 12.9 | 8.4 | 4.1 | 5.8 | 14.4 | 43.1 | 26.5 |
Others | 163 | 185 | 148 | 113 | 92.1 | 89.0 | 61.8 | 52.3 | 69.4 | 77.9 | 68.7 |
Total | 976 | 940 | 890 | 933 | 736 | 619 | 610 | 582 | 683 | 857 | 784 |
Exports by Country
Canada (52M square meters) was the main destination for flat glass exports from the United States, with a 68% share of total exports. Moreover, flat glass exports to Canada exceeded the volume sent to the second major destination, Mexico (8.6M square meters), sixfold. Malaysia (8M square meters) ranked third in terms of total exports with a 10% share.
From 2013 to 2023, the average annual growth rate of volume to Canada amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.8% per year) and Malaysia (+10.3% per year).
In value terms, Canada ($488M) remains the key foreign market for flat glass exports from the United States, comprising 62% of total exports. The second position in the ranking was held by Mexico ($83M), with an 11% share of total exports. It was followed by Hong Kong, with an 8.8% share.
From 2013 to 2023, the average annual rate of growth in terms of value to Canada stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.4% per year) and Hong Kong (-16.4% per year).
Exports by Type
Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) (29M square meters), float glass and surface ground glass, in sheets, coloured throughout the mass "body tinted", opacified, flashed or merely surface ground, but not otherwise worked, excluding wired glass or glass having an absorbent, reflecting or non-reflecting layer (29M square meters) and float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground (15M square meters) were the main products of flat glass exports from the United States, with a combined 96% share of total exports. Drawn and blown glass, in sheets, other than glass coloured throughout the mass (body tinted), opacified, flashed or having an absorbent or reflecting layer, cast glass and rolled glass, non-wired sheets, coloured through the mass (body tinted), opacified, flashed or having an absorbent, reflecting or non-reflecting layer, cast glass and rolled glass, non-wired sheets, excluding those coloured throughout the mass (body tinted) opacified, flashed or having an absorbent or reflecting layer, drawn and blown glass, in sheets, coloured throughout the mass (body tinted), opacified, flashed or having an absorbent, reflecting or non-reflecting layer, but not otherwise worked, cast glass and rolled glass, profiles, not otherwise worked, float glass and surface ground or polished glass, in sheets, wired glass, whether or not having an absorbent or reflecting layer and cast glass and rolled glass, wired sheets, whether or not having an absorbent or reflecting layer but not otherwise worked lagged somewhat behind, together comprising a further 4.1%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by cast glass and rolled glass, profiles, not otherwise worked (with a CAGR of +38.8%), while the other products experienced more modest paces of growth.
In value terms, float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) ($263M), float glass and surface ground glass, in sheets, coloured throughout the mass "body tinted", opacified, flashed or merely surface ground, but not otherwise worked, excluding wired glass or glass having an absorbent, reflecting or non-reflecting layer ($263M) and float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground ($140M) constituted the most exported types of flat glass from the United States worldwide, with a combined 85% share of total exports. Drawn and blown glass, in sheets, other than glass coloured throughout the mass (body tinted), opacified, flashed or having an absorbent or reflecting layer, cast glass and rolled glass, non-wired sheets, excluding those coloured throughout the mass (body tinted) opacified, flashed or having an absorbent or reflecting layer, cast glass and rolled glass, non-wired sheets, coloured through the mass (body tinted), opacified, flashed or having an absorbent, reflecting or non-reflecting layer, drawn and blown glass, in sheets, coloured throughout the mass (body tinted), opacified, flashed or having an absorbent, reflecting or non-reflecting layer, but not otherwise worked, float glass and surface ground or polished glass, in sheets, wired glass, whether or not having an absorbent or reflecting layer, cast glass and rolled glass, profiles, not otherwise worked and cast glass and rolled glass, wired sheets, whether or not having an absorbent or reflecting layer but not otherwise worked lagged somewhat behind, together accounting for a further 15%.
In terms of the main product categories, cast glass and rolled glass, non-wired sheets, excluding those coloured throughout the mass (body tinted) opacified, flashed or having an absorbent or reflecting layer, with a CAGR of +11.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.
Export Prices by Country
In 2023, the flat glass price amounted to $10 per square meter (FOB, US), remaining stable against the previous year. Over the period under review, the export price, however, recorded a slight descent. The growth pace was the most rapid in 2021 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the maximum at $13 per square meter in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong ($54 per square meter), while the average price for exports to Malaysia ($6.1 per square meter) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the flat glass market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23111110 - Non-wired sheets, of cast or rolled glass, whether or not with absorbent, reflecting or non-reflecting layer, but not otherwise worked
- Prodcom 23111130 - Wired sheets or profiles, of cast or rolled glass, whether or not with absorbent, reflecting or non-reflecting layer, but not otherwise worked
- Prodcom 23111150 - Sheets, of drawn glass or blown glass, whether or not having an absorbent, reflecting or non-reflecting layer, but not otherwise worked
- Prodcom 23111212 - Non-wired sheets, of float, surface ground or polished glass, h aving a non-reflecting layer
- Prodcom 23111214 - Non-wired sheets, of float, surface ground or polished glass, h aving an absorbent or reflective layer, of a thickness . 3,5 mm
- Prodcom 23111217 - Non-wired sheets, of float, surface ground or polished glass, h aving an absorbent or reflecting layer, not otherwise worked, o f a thickness > 3,5 mm
- Prodcom 23111230 - Non-wired sheets, of float, surface ground or polished glass, c oloured throughout the mass, opacified, flashed or merely surface ground
- Prodcom 23111290 - Other sheets of float/ground/polished glass, n.e.c.
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023