Overview of the Market for Pressed And Blown Glass in the USA
In value terms, pressed and blown glass production shrank to $ in 2019. Over the period under review, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 when the production volume decreased by -% year-to-year. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to 2019, production failed to regain the momentum.
The value of the pressed and blown glass market in the U.S. reduced to $ in 2019, waning 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). The market value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $, and then fell in the following year.