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

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

In 2021, the Mexican market for bottles, jars and other containers of glass decreased by -26% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, recorded slight growth. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

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

In value terms, glass bottle, jar and container production declined sharply to $X in 2021 estimated in export price. Overall, production, however, saw mild growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 101%. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Mexico

Glass bottle, jar and container exports from Mexico declined slightly to X units in 2021, waning by -4% compared with 2020. The total export volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 19%. Over the period under review, the exports attained the peak figure at X units in 2020, and then fell in the following year.

In value terms, glass bottle, jar and container exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 16% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for glass bottle, jar and container exports from Mexico, accounting for a approx. 94% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +3.2%.

In value terms, the United States ($X) also remains the key foreign market for bottles, jars and other containers of glass exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +4.1%.

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, rising by 15% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +0.9% per year.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Mexico

In 2021, supplies from abroad of bottles, jars and other containers of glass increased by 56% to X units, rising for the second consecutive year after two years of decline. In general, imports recorded a slight increase. The most prominent rate of growth was recorded in 2016 when imports increased by 73%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, glass bottle, jar and container imports soared to $X in 2021. Overall, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2016 when imports increased by 51% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and the United Arab Emirates (X units) were the main suppliers of glass bottle, jar and container imports to Mexico, together accounting for 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +375.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Mexico, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.3% per year) and India (+7.6% per year).

Import Prices by Country

The average import price for bottles, jars and other containers of glass stood at $X per unit in 2021, declining by -23.8% against the previous year. In general, the import price showed a perceptible decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 43%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average 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 Taiwan (Chinese) ($X per unit), while the price for the United States ($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) (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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