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

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

After two years of growth, the Malaysian market for bottles, jars and other containers of glass decreased by -29% to $X in 2021. Overall, consumption, however, continues to indicate a resilient increase. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

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

In value terms, glass bottle, jar and container production shrank remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 151%. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Malaysia

In 2021, approx. X units of bottles, jars and other containers of glass were exported from Malaysia; with a decrease of -5.5% on 2020. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 35% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass bottle, jar and container exports rose notably to $X in 2021. In general, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units), Myanmar (X units) and Cambodia (X units) were the main destinations of glass bottle, jar and container exports from Malaysia, together comprising 78% of total exports. Mauritius, Thailand, Papua New Guinea, Lao People's Democratic Republic, New Zealand, Taiwan (Chinese), Indonesia, Vietnam and the Philippines lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (with a CAGR of +27.4%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Myanmar ($X) and Cambodia ($X) appeared to be the largest markets for glass bottle, jar and container exported from Malaysia worldwide, together comprising 71% of total exports. These countries were followed by Indonesia, Mauritius, Taiwan (Chinese), Papua New Guinea, New Zealand, Thailand, Lao People's Democratic Republic, Vietnam and the Philippines, which together accounted for a further 25%.

Papua New Guinea, with a CAGR of +26.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bottles, jars and other containers of glass stood at $X per unit in 2021, jumping by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per unit), while the average price for exports to Thailand ($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 Indonesia (+10.4%), 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 Malaysia

In 2021, the amount of bottles, jars and other containers of glass imported into Malaysia expanded markedly to X units, increasing by 15% on the year before. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.8% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 61% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glass bottle, jar and container imports surged to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 47%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass bottle, jar and container to Malaysia, accounting for a 71% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. Indonesia (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.8% per year) and Indonesia (+3.0% per year).

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Malaysia, comprising 62% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+15.3% per year) and Thailand (-3.9% 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, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2017 an increase of 29%. The import price peaked in 2021 and is likely to see steady growth in years to come.

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 Taiwan (Chinese) ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :