Benelux: Glass Closure Market 2024

Glass Closure Market Size in Benelux

The Benelux glass closure market contracted to $X in 2022, with a decrease of -2.1% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Closure Production in Benelux

In value terms, glass closure production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 30%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Glass Closure Exports

Exports in Benelux

In 2022, after six years of growth, there was significant decline in overseas shipments of glass stoppers, lids and other closures, when their volume decreased by -56% to X tons. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 57% against the previous year. The volume of export peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, glass closure exports fell markedly to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 113%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

The Netherlands represented the key exporting country with an export of about X tons, which accounted for 86% of total exports. It was distantly followed by Belgium (X tons), mixing up a 14% share of total exports.

The Netherlands was also the fastest-growing in terms of the glass stoppers, lids and other closures exports, with a CAGR of +8.6% from 2012 to 2022. At the same time, Belgium (+4.2%) displayed positive paces of growth. While the share of the Netherlands (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-5.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest glass closure supplier in Benelux, comprising 78% of total exports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +13.5%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by 1.9% against the previous year. Over the period under review, the export price recorded a pronounced increase. The most prominent rate of growth was recorded in 2016 when the export price increased by 70%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.9%).

Glass Closure Imports

Imports in Benelux

In 2022, after two years of growth, there was significant decline in supplies from abroad of glass stoppers, lids and other closures, when their volume decreased by -49.2% to X tons. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 144% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted dramatically in the following year.

In value terms, glass closure imports dropped notably to $X in 2022. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of 230%. The level of import peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

The Netherlands was the major importing country with an import of around X tons, which recorded 81% of total imports. It was distantly followed by Belgium (X tons), constituting a 19% share of total imports.

The Netherlands was also the fastest-growing in terms of the glass stoppers, lids and other closures imports, with a CAGR of +14.2% from 2012 to 2022. At the same time, Belgium (+7.9%) displayed positive paces of growth. While the share of the Netherlands (+10 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-10.1 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported glass stoppers, lids and other closures in Benelux, comprising 83% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports.

In the Netherlands, glass closure imports expanded at an average annual rate of +28.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 24% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass closure import price increased by +50.2% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 76%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.4%).

Source: IndexBox Platform