Australia and Oceania: Glass Closure Market 2024

Glass Closure Market Size in Australia and Oceania

The glass closure market in Australia and Oceania rose rapidly to $X in 2022, with an increase of 5.9% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Glass Closure Production in Australia and Oceania

In value terms, glass closure production expanded significantly to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 35%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Glass Closure Exports

Exports in Australia and Oceania

In 2022, shipments abroad of glass stoppers, lids and other closures increased by 53% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 167%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, glass closure exports skyrocketed to $X in 2022. In general, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was near 97% of total exports in 2022. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to glass closure exports from Australia stood at +10.8%. At the same time, New Zealand (+15.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +15.5% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest glass closure supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 3.3% share of total exports.

In Australia, glass closure exports increased at an average annual rate of +14.8% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by 34% against the previous year. In general, the export price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2014 when the export price increased by 264% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.6%).

Glass Closure Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in supplies from abroad of glass stoppers, lids and other closures, when their volume decreased by -21.1% to X tons. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, glass closure imports contracted modestly to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Australia was the major importing country with an import of around X tons, which resulted at 84% of total imports. It was distantly followed by New Zealand (X tons), making up a 14% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to glass closure imports into Australia stood at -1.4%. At the same time, New Zealand (+17.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +17.2% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +12 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported glass stoppers, lids and other closures in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +13.2%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, jumping by 21% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 56%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+14.9%).

Source: IndexBox Platform

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