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

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

In 2021, after two years of growth, there was significant decline in the Cuban market for bottles, jars and other containers of glass, when its value decreased by -29.1% to $X. In general, consumption, however, showed a significant expansion. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

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

In value terms, glass bottle, jar and container production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 157% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Cuba

In 2021, shipments abroad of bottles, jars and other containers of glass increased by 318% to X units, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 635%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, glass bottle, jar and container exports skyrocketed to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of 1,701%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Germany (X units) was the main destination for glass bottle, jar and container exports from Cuba, accounting for a 18% share of total exports. Moreover, glass bottle, jar and container exports to Germany exceeded the volume sent to the second major destination, Angola (X units), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +91.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+0.9% per year) and Spain (+1.5% per year).

In value terms, Germany ($X) emerged as the key foreign market for bottles, jars and other containers of glass exports from Cuba, comprising 42% of total exports. The second position in the ranking was taken by Spain ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +94.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+9.2% per year) and Angola (-56.9% 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, surging by 6.1% against the previous year. Overall, the export price saw strong growth. The growth pace was the most rapid in 2019 when the average export price increased by 145% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Angola ($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 Italy (+16.7%), 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 Cuba

In 2021, purchases abroad of bottles, jars and other containers of glass increased by 65% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a slight descent. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X units) constituted the largest glass bottle, jar and container supplier to Cuba, with a 29% share of total imports. Moreover, glass bottle, jar and container imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. China (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.8% per year) and China (-9.0% per year).

In value terms, Portugal ($X) constituted the largest supplier of bottles, jars and other containers of glass to Cuba, comprising 25% of total imports. The second position in the ranking was held by Spain ($X), with a 12% share of total imports. It was followed by China, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-12.2% per year) and China (-11.7% 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 13% against the previous year. In general, the import price, however, showed a pronounced slump. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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