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

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

After three years of growth, the Belgian market for bottles, jars and other containers of glass decreased by -20.1% to $X in 2021. Over the period under review, consumption, however, saw a resilient increase. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

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

In value terms, glass bottle, jar and container production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 215%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Belgium

In 2021, exports of bottles, jars and other containers of glass from Belgium surged to X units, growing by 57% compared with the previous year's figure. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 167% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, glass bottle, jar and container exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 40%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and the United States (X units) were the main destinations of glass bottle, jar and container exports from Belgium, together accounting for 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +20.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Belgium, comprising 64% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Poland, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.5% per year) and Poland (-5.2% per year).

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, reducing by -27.3% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 19%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Germany ($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 UK (-0.9%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Belgium

For the sixth year in a row, Belgium recorded growth in overseas purchases of bottles, jars and other containers of glass, which increased by 42% to X units in 2021. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 54%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, glass bottle, jar and container imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.4% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units), Germany (X units) and Russia (X units) were the main suppliers of glass bottle, jar and container imports to Belgium, together accounting for 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +188.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass bottle, jar and container suppliers to Belgium were Germany ($X), the Netherlands ($X) and France ($X), with a combined 66% share of total imports. Poland, Luxembourg, Russia, Turkey and Spain lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Russia, with a CAGR of +148.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bottles, jars and other containers of glass stood at $X per unit in 2021, dropping by -16% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.8% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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