Eastern Europe: Glass Closure Market 2024

Glass Closure Market Size in Eastern Europe

The East European glass closure market expanded to $X in 2022, with an increase of 2.6% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Glass Closure Production in Eastern Europe

In value terms, glass closure production expanded to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 65%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Glass Closure Exports

Exports in Eastern Europe

In 2022, overseas shipments of glass stoppers, lids and other closures increased by 9.2% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.4% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of 29%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, glass closure exports fell modestly to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 34% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined modestly in the following year.

Exports by Country

In 2022, the Czech Republic (X tons) was the key exporter of glass stoppers, lids and other closures, creating 59% of total exports. It was distantly followed by Russia (X tons), Poland (X tons) and Belarus (X tons), together generating a 34% share of total exports. Slovakia (X tons) took a minor share of total exports.

Exports from the Czech Republic increased at an average annual rate of +13.0% from 2012 to 2022. At the same time, Slovakia (+54.9%), Belarus (+54.5%) and Russia (+2.8%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +54.9% from 2012-2022. By contrast, Poland (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic, Belarus and Slovakia increased by +20, +11 and +3.3 percentage points, respectively.

In value terms, the Czech Republic ($X) remains the largest glass closure supplier in Eastern Europe, comprising 83% of total exports. The second position in the ranking was taken by Poland ($X), with a 7.4% share of total exports. It was followed by Russia, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic totaled +14.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+4.9% per year) and Russia (+6.1% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, which is down by -9.4% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass closure export price increased by +72.5% against 2015 indices. The pace of growth was the most pronounced in 2016 when the export price increased by 28%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.8%), while the other leaders experienced more modest paces of growth.

Glass Closure Imports

Imports in Eastern Europe

In 2022, supplies from abroad of glass stoppers, lids and other closures decreased by -8.1% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, glass closure imports shrank to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 56%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

The purchases of the three major importers of glass stoppers, lids and other closures, namely Russia, the Czech Republic and Romania, represented more than two-thirds of total import. It was distantly followed by Poland (X tons), creating an 8.7% share of total imports. The following importers - Belarus (X tons) and Hungary (X tons) - each amounted to a 4.5% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Russia ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 71% of total imports.

In terms of the main importing countries, the Czech Republic, with a CAGR of +20.9%, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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