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

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

After two years of growth, the Greek market for bottles, jars and other containers of glass decreased by -9.6% to $X in 2021. In general, consumption, however, continues to indicate a slight contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, glass bottle, jar and container production shrank dramatically to $X in 2021 estimated in export price. In general, production showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 62% against the previous year. Glass bottle, jar and container production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Greece

In 2021, overseas shipments of bottles, jars and other containers of glass increased by 34% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 82%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, glass bottle, jar and container exports expanded sharply to $X in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.5% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 23%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X units) was the main destination for glass bottle, jar and container exports from Greece, accounting for a 57% share of total exports. Moreover, glass bottle, jar and container exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X units), fourfold. The third position in this ranking was held by Romania (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+13.1% per year) and Romania (+18.6% per year).

In value terms, Italy ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Greece, comprising 54% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 17% share of total exports. It was followed by Romania, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+15.4% per year) and Romania (+5.2% 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, with a decrease of -20.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of 15%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Romania ($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 Bulgaria (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Greece

For the tenth year in a row, Greece recorded growth in purchases abroad of bottles, jars and other containers of glass, which increased by 48% to X units in 2021. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 53%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, glass bottle, jar and container imports soared to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +80.3% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bulgaria (X units) constituted the largest glass bottle, jar and container supplier to Greece, accounting for a 40% share of total imports. Moreover, glass bottle, jar and container imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Ukraine (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.8% per year) and Ukraine (+31.0% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of bottles, jars and other containers of glass to Greece, comprising 36% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Ukraine, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Bulgaria amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.8% per year) and Ukraine (+21.0% per year).

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, waning by -18.8% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 9.5% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 France ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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