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

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

In 2021, after three years of growth, there was significant decline in the Australian market for bottles, jars and other containers of glass, when its value decreased by -28.7% to $X. Over the period under review, consumption, however, recorded a prominent expansion. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

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

In value terms, glass bottle, jar and container production shrank notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 152%. As a result, production reached the peak level of $X, and then fell significantly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Australia

In 2021, overseas shipments of bottles, jars and other containers of glass increased by 86% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 261% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 119%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for glass bottle, jar and container exports from Australia, accounting for a 58% share of total exports. Moreover, glass bottle, jar and container exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Canada (X units), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.5% per year) and Canada (+78.6% per year).

In value terms, New Zealand ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Australia, comprising 58% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Canada, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.4% per year) and Canada (+37.3% per year).

Export Prices by Country

The average export price for bottles, jars and other containers of glass stood at $X per unit in 2021, waning by -1.8% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% 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 +60.5% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 44%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and New Zealand ($X per unit), while the average price for exports to Singapore ($X per unit) and Canada ($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 New Zealand (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Australia

In 2021, glass bottle, jar and container imports into Australia dropped to X units, falling by -4.5% on the previous year. Overall, imports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2016 with an increase of 29%. 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 markedly to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.6% 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 +12.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and France (X units) were the main suppliers of glass bottle, jar and container imports to Australia, with a combined 69% share of total imports. South Korea, Italy, Thailand, Taiwan (Chinese), the Philippines, Sri Lanka, Indonesia and Saudi Arabia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Australia, comprising 43% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by France, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+10.8% per year) and France (+2.6% per year).

Import Prices by Country

The average import price for bottles, jars and other containers of glass stood at $X per unit in 2021, with an increase of 13% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.6% 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 import price increased by +66.0% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 21% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :