India: Glass Closure Market 2025

Glass Closure Market Size in India

The Indian glass closure market reduced slightly to $X in 2022, which is down by -1.6% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 -10.9% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Glass Closure Production in India

In value terms, glass closure production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 64% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Glass Closure Exports

Exports from India

In 2022, exports of glass stoppers, lids and other closures from India skyrocketed to X tons, rising by 49% against the previous year's figure. Overall, exports saw a modest increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,690% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, glass closure exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 704% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Australia (X tons) and New Zealand (X tons) were the main destinations of glass closure exports from India, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +282.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for glass stoppers, lids and other closures exports from India, comprising 61% of total exports. The second position in the ranking was taken by Australia ($X), with a 23% share of total exports. It was followed by New Zealand, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+221.3% per year) and New Zealand (+152.8% per year).

Export Prices by Country

In 2022, the average glass closure export price amounted to $X per ton, with a decrease of -3.6% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2015 an increase of 92% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bangladesh ($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 Arab Emirates (+5.5%), while the prices for the other major destinations experienced a decline.

Glass Closure Imports

Imports into India

Glass closure imports into India dropped dramatically to X tons in 2022, which is down by -30.4% compared with the previous year. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 174%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass closure imports declined rapidly to $X in 2022. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 95%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X tons) was the main glass closure supplier to India, with a 94% share of total imports. Moreover, glass closure imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.5%.

In value terms, China ($X) constituted the largest supplier of glass stoppers, lids and other closures to India, comprising 91% of total imports. The second position in the ranking was held by France ($X), with a 7.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.6%.

Import Prices by Country

The average glass closure import price stood at $X per ton in 2022, reducing by -5% against the previous year. Overall, the import price saw a slight downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 39%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.6%).

Source: IndexBox Platform

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