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

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

After two years of growth, the Asia-Pacific market for bottles, jars and other containers of glass decreased by -21.6% to $X in 2021. Overall, consumption, however, continues to indicate resilient growth. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

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

In value terms, glass bottle, jar and container production declined markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 74% against the previous year. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in Asia-Pacific

After two years of decline, overseas shipments of bottles, jars and other containers of glass increased by 11% to X units in 2021. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 13% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, glass bottle, jar and container exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.7% 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 +112.7% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of bottles, jars and other containers of glass in Asia-Pacific, with the volume of exports accounting for X units, which was near 66% of total exports in 2021. India (X units) held the second position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together took near 21% share of total exports. Thailand (X units) and Indonesia (X units) followed a long way behind the leaders.

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, India (+8.3%), Thailand (+4.0%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.3% from 2012-2021. By contrast, Indonesia (-7.1%) illustrated a downward trend over the same period. While the share of India (+4.5 p.p.) and China (+3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass bottle, jar and container supplier in Asia-Pacific, comprising 76% of total exports. The second position in the ranking was taken by India ($X), with an 8.9% share of total exports. It was followed by Taiwan (Chinese), with a 4.9% share.

In China, glass bottle, jar and container exports increased 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 Taiwan (Chinese) (+2.0% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, picking up by 12% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass bottle, jar and container export price increased by +62.8% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 14%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Thailand ($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-Pacific

In 2021, supplies from abroad of bottles, jars and other containers of glass was finally on the rise to reach X units after four years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 45%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glass bottle, jar and container imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 24%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Australia (X units), followed by Indonesia (X units), Myanmar (X units), South Korea (X units), the Philippines (X units), Vietnam (X units), New Zealand (X units), India (X units) and Thailand (X units) represented the main importers of bottles, jars and other containers of glass, together generating 70% of total imports. Malaysia (X units), Hong Kong SAR (X units), Nepal (X units) and Papua New Guinea (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key 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-Pacific were Australia ($X), Indonesia ($X) and the Philippines ($X), with a combined 30% share of total imports. These countries were followed by South Korea, India, Vietnam, New Zealand, Thailand, Malaysia, Myanmar, Nepal, Hong Kong SAR and Papua New Guinea, which together accounted for a further 47%.

Among the main importing countries, Myanmar, with a CAGR of +17.3%, 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

The import price in Asia-Pacific stood at $X per unit in 2021, rising by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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