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

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

The Chilean market for bottles, jars and other containers of glass fell rapidly to $X in 2021, dropping by -33.9% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

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

In value terms, glass bottle, jar and container production stood at $X in 2021 estimated in export price. Overall, production saw a noticeable slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Chile

For the third year in a row, Chile recorded growth in overseas shipments of bottles, jars and other containers of glass, which increased by 64% to X units in 2021. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 80% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, glass bottle, jar and container exports surged to $X in 2021. Over the period under review, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for glass bottle, jar and container exports from Chile, accounting for a 40% share of total exports. Moreover, glass bottle, jar and container exports to the United States exceeded the volume sent to the second major destination, Argentina (X units), twofold. Brazil (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +74.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+7.5% per year) and Brazil (+23.0% per year).

In value terms, the United States ($X), Argentina ($X) and Brazil ($X) constituted the largest markets for glass bottle, jar and container exported from Chile worldwide, together comprising 70% of total exports.

The United States, with a CAGR of +58.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, remaining constant against the previous year. Overall, the export price saw a noticeable decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 0.6% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Panama ($X per unit) and Peru ($X per unit), while the average price for exports to the United States ($X per unit) and Uruguay ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Chile

In 2021, the amount of bottles, jars and other containers of glass imported into Chile surged to X units, rising by 58% on the previous year. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 87% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, glass bottle, jar and container imports soared to $X in 2021. Overall, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest glass bottle, jar and container supplier to Chile, accounting for a 69% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), sixfold. France (X units) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+31.9% per year) and France (+10.2% per year).

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Chile, comprising 68% of total imports. The second position in the ranking was held by Mexico ($X), with an 11% share of total imports. It was followed by France, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+13.5% per year) and France (+2.7% per year).

Import Prices by Country

The average import price for bottles, jars and other containers of glass stood at $X per unit in 2021, rising by 29% against the previous year. Overall, the import price, however, recorded a perceptible contraction. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Turkey ($X per unit) and Argentina ($X per unit), while the price for France ($X per unit) and Brazil ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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