Glassware: drinking glasses (not stemware), of lead crystal

In 2024, glassware: drinking glasses (not stemware), of lead crystal trade exhibited slight decline, with global flows reaching $94,434,801 and a three-year compound annual growth rate of +0.9% (five-year: -0.9%). The all-time peak of $223,102,770 was recorded in 2004; the current level is 58% below that high-water mark.

Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+4.7% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.138). The three largest exporters — France ($26.5M), China ($19.0M), and United Arab Emirates ($8.5M) — collectively dominate supply flows. The leading exporter has grown at +0.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.047). The three largest import markets are Japan ($10.9M), United States ($10.3M), and Iraq ($6.6M). The largest importing market sources from 24 different supplying countries.

Estimated substitution elasticity: -7.42. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is France → Japan at $9.7M, representing 88.8% of the importer's total demand.

The volatility score for glassware: drinking glasses (not stemware), of lead crystal is 3 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.