Austria: Glass Closure Market 2025

Glass Closure Market Size in Austria

The Austrian glass closure market was estimated at $X in 2022, rising by 5.3% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 -3.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Glass Closure Production in Austria

In value terms, glass closure production stood at $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +15.9% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 70% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Glass Closure Exports

Exports from Austria

In 2022, shipments abroad of glass stoppers, lids and other closures decreased by -26.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, glass closure exports expanded rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for glass closure exports from Austria, accounting for a 78% share of total exports. Moreover, glass closure exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+69.3% per year) and Russia (-10.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for glass stoppers, lids and other closures exports from Austria, comprising 55% of total exports. The second position in the ranking was held by the UK ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+47.8% per year) and Russia (-11.0% per year).

Export Prices by Country

The average glass closure export price stood at $X per ton in 2022, growing by 52% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass closure export price increased by +88.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.3%), while the prices for the other major destinations experienced a decline.

Glass Closure Imports

Imports into Austria

In 2022, after two years of decline, there was significant growth in overseas purchases of glass stoppers, lids and other closures, when their volume increased by 28% to X tons. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 145%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, glass closure imports expanded sharply to $X in 2022. Overall, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 67%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of glass closure imports to Austria, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass closure suppliers to Austria were Germany ($X), China ($X) and the Czech Republic ($X), together accounting for 82% of total imports.

China, with a CAGR of +19.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass closure import price amounted to $X per ton, with a decrease of -13.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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