Argentina: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Argentina

The Argentinian market for bottles, jars and other containers of glass shrank markedly to $X in 2021, dropping by -24.4% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Argentina

In value terms, glass bottle, jar and container production contracted dramatically to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 99.9%. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Argentina

In 2021, overseas shipments of bottles, jars and other containers of glass decreased by -15.1% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 566% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, glass bottle, jar and container exports reduced to $X in 2021. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 443%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for glass bottle, jar and container exports from Argentina, with a 71% share of total exports. Moreover, glass bottle, jar and container exports to Brazil exceeded the volume sent to the second major destination, Paraguay (X units), fourfold. The third position in this ranking was taken by Uruguay (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-2.3% per year) and Uruguay (+1.7% per year).

In value terms, Brazil ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Argentina, comprising 66% of total exports. The second position in the ranking was held by Paraguay ($X), with a 20% share of total exports. It was followed by Uruguay, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-3.0% per year) and Uruguay (-1.8% per year).

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, increasing by 8.4% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 22%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Paraguay ($X per unit) and Chile ($X per unit), while the average price for exports to Brazil ($X per unit) and Uruguay ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Argentina

In 2021, approx. X units of bottles, jars and other containers of glass were imported into Argentina; increasing by 24% against the previous year's figure. In general, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 28%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, glass bottle, jar and container imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Chile (X units) constituted the largest supplier of glass bottle, jar and container to Argentina, accounting for a 56% share of total imports. Moreover, glass bottle, jar and container imports from Chile exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Brazil (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Chile amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.9% per year) and Brazil (+12.8% per year).

In value terms, the largest glass bottle, jar and container suppliers to Argentina were Chile ($X), Brazil ($X) and China ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, growing by 12% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 25%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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