Glassware: drinking glasses (not stemware), other than of lead crystal or glass-ceramics

In 2024, glassware: drinking glasses (not stemware), other than of lead crystal or glass-ceramics trade exhibited modest growth, with global flows reaching $2,766,516,340 and a three-year compound annual growth rate of +7.9% (five-year: +5.9%). The all-time peak of $2,766,516,340 was recorded in 2024.

Over the 30-year observation window (1995–2024), 76% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is strengthening (+5.1% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.270). The three largest exporters — China ($1.4B), Germany ($140.9M), and France ($131.5M) — collectively dominate supply flows. The leading exporter has grown at +15.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.033). The three largest import markets are United States ($365.5M), Germany ($155.7M), and United Kingdom ($120.1M). The largest importing market sources from 93 different supplying countries.

Estimated substitution elasticity: -5.59. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → United States at $218.6M, representing 59.8% of the importer's total demand.

The volatility score for glassware: drinking glasses (not stemware), other than of lead crystal or glass-ceramics is 2 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, modest but steady demand provides a reasonable entry window. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

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