China: Glass Closure Market 2025

Glass Closure Market Size in China

The Chinese glass closure market dropped slightly to $X in 2022, approximately equating the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Closure Production in China

In value terms, glass closure production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 62% against the previous year. 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 from China

In 2022, overseas shipments of glass stoppers, lids and other closures decreased by -37.4% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, glass closure exports fell notably to $X in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Brazil (X tons), South Korea (X tons) and Vietnam (X tons) were the main destinations of glass closure exports from China, with a combined 28% share of total exports. The United States, Italy, Bangladesh, Russia, Thailand, India, Colombia, Mexico, Poland and France lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +26.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and South Korea ($X) were the largest markets for glass closure exported from China worldwide, together accounting for 24% of total exports. Italy, India, Vietnam, Thailand, Russia, France, Mexico, Bangladesh, Colombia and Poland lagged somewhat behind, together comprising a further 39%.

Poland, with a CAGR of +25.5%, recorded the highest rates of growth with regard to 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

The average glass closure export price stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into China

For the third consecutive year, China recorded decline in purchases abroad of glass stoppers, lids and other closures, which decreased by -27.6% to X tons in 2022. Over the period under review, imports recorded a dramatic setback. The pace of growth was the most pronounced in 2019 with an increase of 103% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, glass closure imports shrank modestly to $X in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of glass closure imports to China, with a combined 20% share of total imports. Italy, France, Germany, the United States, the Netherlands and Vietnam lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +47.2%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of glass stoppers, lids and other closures to China, comprising 23% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.9% share of total imports. It was followed by South Korea, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.8% per year) and South Korea (+4.0% per year).

Import Prices by Country

In 2022, the average glass closure import price amounted to $X per ton, surging by 32% against the previous year. Overall, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 341%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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