Glass Product Market Overview in the USA
In value terms, glass product production expanded significantly to $ in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level in and is expected to retain growth in the near future.
The revenue of the glass product market in the U.S. shrank rapidly to $ in , dropping 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). In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Glass product consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.