Australia: Glass Closure Market 2025

Glass Closure Market Size in Australia

The Australian glass closure market stood at $X in 2022, picking up by 7% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 -6.2% against 2020 indices. Glass closure consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Glass Closure Production in Australia

In value terms, glass closure production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -6.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Glass Closure Exports

Exports from Australia

In 2022, shipments abroad of glass stoppers, lids and other closures increased by 82% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 309% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, glass closure exports soared to $X in 2022. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 243% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

New Zealand (X tons) was the main destination for glass closure exports from Australia, with a 46% share of total exports. Moreover, glass closure exports to New Zealand exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. Singapore (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+5.5% per year) and Singapore (+37.8% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for glass stoppers, lids and other closures exports from Australia, comprising 46% of total exports. The second position in the ranking was held by Indonesia ($X), with a 22% share of total exports. It was followed by Singapore, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+9.1% per year) and Singapore (+18.7% per year).

Export Prices by Country

In 2022, the average glass closure export price amounted to $X per ton, surging by 62% against the previous year. Over the period under review, the export price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2014 an increase of 275%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Indonesia ($X per ton), while the average price for exports to the UK ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Australia

In 2022, after two years of growth, there was significant decline in overseas purchases of glass stoppers, lids and other closures, when their volume decreased by -25.8% to X tons. In general, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 73%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, glass closure imports fell to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass closure to Australia, with a 84% share of total imports. Moreover, glass closure imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+19.9% per year) and Germany (-0.2% per year).

In value terms, China ($X) constituted the largest supplier of glass stoppers, lids and other closures to Australia, comprising 84% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 7.3% share of total imports. It was followed by Germany, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+19.7% per year) and Germany (+13.7% per year).

Import Prices by Country

In 2022, the average glass closure import price amounted to $X per ton, jumping by 22% against the previous year. In general, the import price continues to indicate resilient growth. The growth pace was the most rapid in 2016 when the average import price increased by 63% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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