Asia-Pacific: Flat Glass Market 2024

Flat Glass Market Size in Asia-Pacific

The Asia-Pacific flat glass market dropped to $X in 2023, falling by X% against the previous year. The market 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. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Flat Glass Production in Asia-Pacific

In value terms, flat glass production rose remarkably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Flat Glass Exports

Exports in Asia-Pacific

After two years of decline, shipments abroad of flat glass increased by X% to X square meters in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X square meters in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, flat glass exports plummeted to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, China (X square meters), Malaysia (X square meters) and Japan (X square meters) represented the key exporter of flat glass in Asia-Pacific, committing X% of total export. Hong Kong SAR (X square meters) ranks next in terms of the total exports with a X% share, followed by South Korea (X%), Taiwan (Chinese) (X%) and Indonesia (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest flat glass supplying countries in Asia-Pacific were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined X% share of total exports. Japan, Malaysia, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per square meter, waning by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per square meter in 2022, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per square meter), while Indonesia ($X per square meter) was amongst the lowest.

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

Flat Glass Imports

Imports in Asia-Pacific

In 2023, after two years of growth, there was significant decline in supplies from abroad of flat glass, when their volume decreased by X% to X square meters. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X square meters in 2022, and then fell in the following year.

In value terms, flat glass imports shrank to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

China represented the main importer of flat glass in Asia-Pacific, with the volume of imports recording X square meters, which was near X% of total imports in 2023. It was distantly followed by India (X square meters), South Korea (X square meters), Malaysia (X square meters) and Hong Kong SAR (X square meters), together comprising a X% share of total imports. Taiwan (Chinese) (X square meters), Japan (X square meters) and Nepal (X square meters) held a minor share of total imports.

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

In value terms, China ($X) constitutes the largest market for imported flat glass in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per square meter in 2023, with an increase of X% against the previous year. Overall, the import price, however, saw a slight contraction. The pace of growth was the most pronounced in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per square meter. From 2021 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while Nepal ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform