Glass of heading no. 7003, 7004 or 7005: bent, edge-worked, engraved, drilled, enamelled or otherwise worked, but not framed or fitted with other materials

In 2024, glass of heading no. 7003, 7004 or 7005: bent, edge-worked, engraved, drilled, enamelled or otherwise worked, but not framed or fitted with other materials trade exhibited slight decline, with global flows reaching $3,094,395,349 and a three-year compound annual growth rate of -12.9% (five-year: +0.0%). The all-time peak of $4,681,287,187 was recorded in 2021; the current level is 34% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-13.0% acceleration).

The World Trade Flows Characterization classifies glass of heading no. 7003, 7004 or 7005: bent, edge-worked, engraved, drilled, enamelled or otherwise worked, but not framed or fitted with other materials as "Two-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.132). The three largest exporters — China ($646.0M), Japan ($575.0M), and South Korea ($441.9M) — collectively dominate supply flows. The leading exporter has grown at -9.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.104). The three largest import markets are China ($696.1M), South Korea ($485.4M), and United States ($299.0M). The largest importing market sources from 44 different supplying countries.

The dominant trade corridor is South Korea → China at $352.3M, representing 50.6% of the importer's total demand.

The volatility score for glass of heading no. 7003, 7004 or 7005: bent, edge-worked, engraved, drilled, enamelled or otherwise worked, but not framed or fitted with other materials is 11 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.