Glass and its products (PPI) Price Trend and Forecast

Glass and its products (PPI) Regional Price Overview

Get the latest insights on price movement and trend analysis of Glass and its products (PPI) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Glass and Its Products (PPI) Price Trend for the Second Half of 2023

Asia

In the later stages of the third quarter, the prices of glass and its products rose due to strong industry production and sales. The downstream industries expressed bullish sentiments, leading to increased glass prices across Asian countries, with notable decreases in inventory. The feedstock soda ash prices also remained strong and upward, driven by stable operating rates.
 

Glass and its products (PPI) Price Chart

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Other raw materials, such as liquefied natural gas prices, experienced a slight increase after an initial drop, influenced by plant maintenance and rising demand. Meanwhile, the real estate sector saw smooth progress in ensuring the delivery of buildings, with accelerated project resumption and construction. However, in the fourth quarter, the glass and its products market experienced a decline, with overall production and sales slowing and an increase in inventories.

The soda ash prices remained stable, supported by steady equipment operation and consistent downstream demand. Liquefied natural gas prices saw a significant rise, though future increases may be limited due to weakened downstream receiving capacity. Despite these fluctuations, cost support for glass remained positive.

Europe

In Europe, the glass and its products (PPI) market faced uncertainty in downstream production early in the third quarter, but prices eventually surged as industrial activities resumed post-summer. The manufacturers also struggled with the inconsistency in the supply situation of the region, which consistently degraded throughout the rest of H2’23. The supply struggled to meet rising demand, driving prices higher. In the fourth quarter, prices mirrored Asian trends, with initial mild fluctuations followed by a late-quarter spike.

North America

North American glass and its products (PPI) prices increased in the third quarter, driven by rising consumption from downstream industries, supporting the improving trading activities and surge in the procurement rates of direct consumers. However, production declines disrupted supply chains, further pushing prices up. The dynamics fluctuated a little in the initial phase of the fourth quarter, and therefore, in the fourth quarter, prices varied initially but rose towards the year-end as inventories decreased, reflecting trends seen in Asia and Europe.

Analyst Insight

According to Procurement Resource, the price trend of Glass and Its Products (PPI) is estimated to surge further, might be at a faster pace, as the limited feedstock availability and inclining production costs will favor an uptrend in the glass and its products prices.
 

Glass and Its Products (PPI) Price Trend for First Half of 2023

Asia

The price trend of Glass and Its Products (PPI) in the first and second quarters faced several issues, and thus, it showed a mixed trajectory initially and declined gradually later. In the first quarter, the price trend inclined first due to relief in COVID-related restrictions and inclination in demand for Glass and Its Products (PPI). However, the incline in the trend was short-lived as soon the market was affected by the plunging growth of the economy, consistency in supply amid falling demand from the downstream industries, and weak rates of export.

The price dynamics of Glass and Its Products (PPI) were further affected by the rising number of stockpiles, volatility in the cost of energy production, and lower interest of international and domestic buyers in the sector.

Europe

High uncertainties in the economic conditions of the European countries and several challenges in the labor market coupled with disrupted production activities and pressure of inflation caused the price trend of Glass and Its Products (PPI) to decline in the first quarter of 2023.

The downstream industries of feedstock materials also showcased muted demand that widened the gap between supply and demand, hampering the growth of Glass and Its Products (PPI) price trend. The decline was significant in the second quarter as, along with the above-mentioned challenges, the supply of feedstocks flooded the market, causing an oversupply of products in the region, and thus, the price trend of Glass and Its Products (PPI) in Europe ultimately declined.

North America

The North American market of Glass and Its Products (PPI) was affected by a reduction of new orders from the downstream industries and weak economic conditions. The supply of Glass and Its Products (PPI) in the region also remained disrupted, and along with the slow momentum of the domestic market, international buyers also failed to provide the market with the required support. However, the declining trajectory stabilized in the second quarter as supply rates declined, matching the falling demand for Glass and Its Products (PPI).

Analyst Insight

According to Procurement Resource, the price trend of Glass and Its Products (PPI)  is expected to fluctuate in the upcoming months as the demand from downstream industries and support from the feedstock market seems to be uncertain.

Procurement Resource provides latest prices of Glass and it's Products. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.