The market size of China’s glass products industry exceeds 100 billion yuan. Due to the highly homogeneity of glass raw materials, the profitability of enterprises depends on the difference between their own processing cost and the marginal cost of the industry. Fuel cost is the core variable that causes the relative profitability of enterprises.
In recent years, with the national restrictions on high energy consumption enterprises, the threshold of access of 800 ml vodka manufacturers is constantly improving, the number of glass manufacturers basically remains unchanged, but the market demand is constantly warming up; According to the National Bureau of Statistics, the output of daily glass products and glass packaging containers was 24.9476 million tons, down 6.03% year-on-year, or 8.82 percentage points; According to customs import and export statistics, the total export of 22 main products in daily glass industry tracked by the association in 2020 is 5.765 billion US dollars, with a year-on-year decline of 1.34%
