Malaysia: Glass Closure Market 2025

Glass Closure Market Size in Malaysia

The Malaysian glass closure market shrank slightly to $X in 2022, almost unchanged from the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Glass Closure Production in Malaysia

In value terms, glass closure production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 24% against the previous year. Glass closure production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Glass Closure Exports

Exports from Malaysia

After two years of decline, overseas shipments of glass stoppers, lids and other closures increased by 0.5% to X tons in 2022. Overall, exports posted a strong expansion. The growth pace was the most rapid in 2019 when exports increased by 161% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass closure exports reduced to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 247%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for glass closure exports from Malaysia, accounting for a 76% share of total exports. Moreover, glass closure exports to India exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. The third position in this ranking was held by Australia (X kg), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +314.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-4.2% per year) and Australia (-7.8% per year).

In value terms, India ($X) emerged as the key foreign market for glass stoppers, lids and other closures exports from Malaysia, comprising 77% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 11% share of total exports. It was followed by Australia, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +306.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-5.3% per year) and Australia (-15.8% per year).

Export Prices by Country

In 2022, the average glass closure export price amounted to $X per ton, reducing by -7.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 64%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Australia ($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 Indonesia (+7.4%), while the prices for the other major destinations experienced a decline.

Glass Closure Imports

Imports into Malaysia

In 2022, the amount of glass stoppers, lids and other closures imported into Malaysia skyrocketed to X tons, rising by 15% compared with the previous year. In general, imports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2013 when imports increased by 87% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, glass closure imports declined slightly to $X in 2022. Over the period under review, imports showed a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of 86%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest glass closure supplier to Malaysia, with a 85% 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. Italy (X tons) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.6% per year) and Italy (+33.5% per year).

In value terms, China ($X) constituted the largest supplier of glass stoppers, lids and other closures to Malaysia, comprising 81% of total imports. The second position in the ranking was held by France ($X), with a 5.4% share of total imports. It was followed by Italy, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.9% per year) and Italy (+57.5% per year).

Import Prices by Country

The average glass closure import price stood at $X per ton in 2022, which is down by -13.4% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass closure import price increased by +44.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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