Glass: articles n.e.c. in chapter 70

In 2024, glass: articles n.e.c. in chapter 70 trade exhibited strong growth, with global flows reaching $4,452,110,966 and a three-year compound annual growth rate of -0.2% (five-year: +2.1%). The all-time peak of $4,473,792,955 was recorded in 2021; the current level is 0% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-4.0% acceleration).

The World Trade Flows Characterization classifies glass: articles n.e.c. in chapter 70 as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.124). The three largest exporters — China ($1.1B), Japan ($614.2M), and Vietnam ($571.2M) — collectively dominate supply flows. The leading exporter has grown at -1.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.065). The three largest import markets are Singapore ($616.7M), China ($493.8M), and Taiwan ($403.6M). The largest importing market sources from 58 different supplying countries.

The dominant trade corridor is Vietnam → Singapore at $496.2M, representing 80.5% of the importer's total demand.

The volatility score for glass: articles n.e.c. in chapter 70 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, strong demand tailwinds create a favourable entry environment. 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.