Market for Float Glass And Surface Ground or Polished Glass in Malaysia
Market Overview
The Malaysian market for float glass and surface ground or polished glass surged to $
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market remained at a lower figure.
In value terms, production of float glass and surface ground or polished glass soared to $ in estimated in export price. Over the period under review, production enjoyed a modest expansion. The pace of growth was the most pronounced in 2010 when the production volume increased by % against the previous year. Over the period under review, production of attained the maximum level at $ in ; however, from to , production remained at a lower figure.
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market remained at a lower figure.In value terms, production of float glass and surface ground or polished glass soared to $
in estimated in export price. Over the period under review, production enjoyed a modest expansion. The pace of growth was the most pronounced in 2010 when the production volume increased by % against the previous year. Over the period under review, production of attained the maximum level at $ in ; however, from to , production remained at a lower figure.Consumption
Consumption of float glass and surface ground or polished glass in Malaysia surged to square meters in , rising by % compared with the previous year. Overall, the total consumption indicated temperate growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. Over the period under review, consumption of reached the peak volume at square meters in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
The size of the market for float glass and surface ground or polished glass in Malaysia soared to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market remained at a lower figure.
square meters in , rising by % compared with the previous year. Overall, the total consumption indicated temperate growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. Over the period under review, consumption of reached the peak volume at square meters in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.The size of the market for float glass and surface ground or polished glass in Malaysia soared to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for float glass and surface ground or polished glass in Malaysia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to square meters by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to square meters by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Malaysia increased significantly over the last fifteen-year period (from % to %). Float glass and surface ground or polished glass market in Malaysia remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.
% to %). Float glass and surface ground or polished glass market in Malaysia remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.Trade Balance
Malaysia remains a net importer of float glass and surface ground or polished glass; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of square meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of square meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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