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

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

After four years of growth, the East Asian market for bottles, jars and other containers of glass decreased by -18.1% to $X in 2021. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.0% against 2016 indices. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Eastern Asia

In value terms, glass bottle, jar and container production reduced markedly to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.0% against 2016 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 57% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in Eastern Asia

In 2021, the amount of bottles, jars and other containers of glass exported in Eastern Asia reached X units, surging by 4.9% against 2020 figures. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a 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

China dominates exports structure, finishing at X units, which was near 87% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), comprising a 9.9% share of total exports.

China was also the fastest-growing in terms of the bottles, jars and other containers of glass exports, with a CAGR of +4.1% from 2012 to 2021. At the same time, Taiwan (Chinese) (+1.6%) displayed positive paces of growth. China (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -2.2% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest glass bottle, jar and container supplier in Eastern Asia, comprising 90% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.7% share of total exports.

In China, glass bottle, jar and container exports increased at an average annual rate of +10.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, with an increase of 18% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.7% 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 +68.7% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.6%).

Imports of Bottles, Jars And Other Containers Of Glass

Imports in Eastern Asia

In 2021, the amount of bottles, jars and other containers of glass imported in Eastern Asia was estimated at X units, increasing by 4.5% against 2020. The total import volume increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, glass bottle, jar and container imports reached $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +48.1% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by 16%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, South Korea (X units) was the main importer of bottles, jars and other containers of glass, making up 47% of total imports. Hong Kong SAR (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (12%), China (11%) and Japan (7.3%).

South Korea was also the fastest-growing in terms of the bottles, jars and other containers of glass imports, with a CAGR of +12.4% from 2012 to 2021. At the same time, Taiwan (Chinese) (+7.6%), Japan (+5.8%) and China (+4.9%) displayed positive paces of growth. By contrast, Hong Kong SAR (-1.7%) illustrated a downward trend over the same period. While the share of South Korea (+20 p.p.) and Taiwan (Chinese) (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-20 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 78% of total imports.

Among the main importing countries, South Korea, with a CAGR of +14.4%, saw 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

The import price in Eastern Asia stood at $X per unit in 2021, increasing by 7.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by 12% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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