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 First Half of 2023
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.
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.
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).
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.
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