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

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

After two years of growth, the Asian market for bottles, jars and other containers of glass decreased by -22.5% to $X in 2021. Over the period under review, consumption, however, showed resilient growth. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

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

In value terms, glass bottle, jar and container production fell remarkably to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 78% against the previous year. As a result, production reached the peak level of $X, and then reduced notably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in Asia

In 2021, exports of bottles, jars and other containers of glass in Asia expanded sharply to X units, increasing by 8.8% compared with 2020 figures. The total export volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 13%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, glass bottle, jar and container exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +122.6% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) was the major exporter of bottles, jars and other containers of glass, constituting 46% of total exports. Turkey (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by India (9.6%), the United Arab Emirates (7.4%) and Taiwan (Chinese) (5.3%). The following exporters - Oman (X units) and Thailand (X units) - each amounted to a 6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to glass bottle, jar and container exports from China stood at +4.1%. At the same time, Turkey (+23.4%), Oman (+12.2%), India (+8.3%), the United Arab Emirates (+6.2%), Thailand (+4.0%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +23.4% from 2012-2021. While the share of Turkey (+9.8 p.p.) and India (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-2 p.p.) and China (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass bottle, jar and container supplier in Asia, comprising 64% of total exports. The second position in the ranking was taken by India ($X), with a 7.5% share of total exports. It was followed by the United Arab Emirates, with a 6% share.

In China, glass bottle, jar and container exports expanded at an average annual rate of +10.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+7.0% per year) and the United Arab Emirates (+11.3% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, rising by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the other leaders experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports in Asia

In 2021, imports of bottles, jars and other containers of glass in Asia reached X units, picking up by 5.8% compared with 2020. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 24% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, glass bottle, jar and container imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Iraq (X units), Kazakhstan (X units), Georgia (X units), the United Arab Emirates (X units), Israel (X units), Indonesia (X units), Myanmar (X units), South Korea (X units), the Philippines (X units), Vietnam (X units), Lebanon (X units) and Armenia (X units) represented roughly 64% of total imports in 2021. India (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass bottle, jar and container importing markets in Asia were the United Arab Emirates ($X), Indonesia ($X) and the Philippines ($X), together accounting for 20% of total imports. Israel, South Korea, India, Iraq, Vietnam, Kazakhstan, Georgia, Myanmar, Lebanon and Armenia lagged somewhat behind, together accounting for a further 37%.

Among the main importing countries, Iraq, with a CAGR of +25.8%, saw 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 import price in Asia amounted to $X per unit, growing by 7.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2018 when the import price increased by 10% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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