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

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

The Bangladeshi market for bottles, jars and other containers of glass declined markedly to $X in 2021, shrinking by -16% against the previous year. In general, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.6% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

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

In value terms, glass bottle, jar and container production reduced sharply to $X in 2021 estimated in export price. Overall, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +28.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 58%. Glass bottle, jar and container production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Bangladesh

In 2021, overseas shipments of bottles, jars and other containers of glass decreased by -38.4% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 361%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass bottle, jar and container exports rose remarkably to $X in 2021. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2016 with an increase of 404% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), India (X units) and China (X units) were the main destinations of glass bottle, jar and container exports from Bangladesh, together accounting for 95% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +353.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for bottles, jars and other containers of glass exports from Bangladesh, comprising 77% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by China, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +726.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+63.3% per year) and China (+8.3% 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, with an increase of 84% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 205% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+82.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Bangladesh

Glass bottle, jar and container imports into Bangladesh contracted to X units in 2021, which is down by -5.2% on the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, glass bottle, jar and container imports soared to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +119.9% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass bottle, jar and container to Bangladesh, with a 73% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. Saudi Arabia (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-14.2% per year) and Saudi Arabia (+32.8% per year).

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Bangladesh, comprising 56% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9.7% share of total imports. It was followed by India, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+7.0% per year) and India (-6.3% per year).

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, surging by 42% against the previous year. In general, the import price showed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :