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

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

In 2021, after four years of growth, there was significant decline in the Chinese market for bottles, jars and other containers of glass, when its value decreased by -19% to $X. Over the period under review, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

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

In value terms, glass bottle, jar and container production reduced rapidly to $X in 2021 estimated in export price. Overall, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. As a result, production reached the peak level of $X, and then fell notably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from China

Glass bottle, jar and container exports from China stood at X units in 2021, surging by 7% on 2020 figures. The total export volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 19%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports skyrocketed to $X in 2021. In general, exports recorded a resilient increase. As a result, the exports reached 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 China, accounting for a 27% share of total exports. Moreover, glass bottle, jar and container exports to the United States exceeded the volume sent to the second major destination, Indonesia (X units), fourfold. Canada (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+0.2% per year) and Canada (+7.7% per year).

In value terms, the United States ($X), Vietnam ($X) and Canada ($X) constituted the largest markets for glass bottle, jar and container exported from China worldwide, with a combined 34% share of total exports. These countries were followed by Indonesia, the United Arab Emirates, Thailand, Australia, the Philippines, India, Mexico, Papua New Guinea, New Zealand and Myanmar, which together accounted for a further 23%.

Among the main countries of destination, Myanmar, with a CAGR of +51.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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 19% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass bottle, jar and container export price increased by +80.2% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Myanmar ($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 Vietnam (+19.1%), 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 China

In 2021, supplies from abroad of bottles, jars and other containers of glass was finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 64%. As a result, imports reached the peak of X units. From 2019 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. In general, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +25.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 47%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Japan (X units) constituted the largest glass bottle, jar and container supplier to China, with a 36% share of total imports. Moreover, glass bottle, jar and container imports from Japan exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by France (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.8% per year) and France (-2.3% per year).

In value terms, the largest glass bottle, jar and container suppliers to China were Japan ($X), Italy ($X) and Germany ($X), with a combined 46% share of total imports. France, the United States, India, South Korea and Thailand lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Thailand, with a CAGR of +26.2%, recorded the highest rates of growth with regard to 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

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, rising by 15% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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