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

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

In 2021, the North American market for bottles, jars and other containers of glass decreased by -13.3% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Northern America

In value terms, glass bottle, jar and container production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in Northern America

In 2021, overseas shipments of bottles, jars and other containers of glass increased by 86% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass bottle, jar and container exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States dominates exports structure, reaching X units, which was near 91% of total exports in 2021. It was distantly followed by Canada (X units), comprising an 8.7% share of total exports.

The United States was also the fastest-growing in terms of the bottles, jars and other containers of glass exports, with a CAGR of +16.1% from 2012 to 2021. At the same time, Canada (+2.4%) displayed positive paces of growth. The United States (+14 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -14.1% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest glass bottle, jar and container supplier in Northern America, comprising 78% of total exports. The second position in the ranking was held by Canada ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +4.0%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, reducing by -36.8% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 12% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.3%).

Imports of Bottles, Jars And Other Containers Of Glass

Imports in Northern America

In 2021, overseas purchases of bottles, jars and other containers of glass were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.7% against 2018 indices. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) was the largest importer of bottles, jars and other containers of glass, mixing up 74% of total imports. It was distantly followed by Canada (X units), mixing up a 26% share of total imports.

Imports into the United States increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Canada (+8.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.2% from 2012-2021. From 2012 to 2021, the share of Canada increased by +7.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported bottles, jars and other containers of glass in Northern America, comprising 76% of total imports. The second position in the ranking was held by Canada ($X), with a 24% share of total imports.

In the United States, glass bottle, jar and container imports expanded at an average annual rate of +3.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, almost unchanged from the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 30%. As a result, import price reached the peak level of $X per unit, leveling off in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.5%).

Source: IndexBox Platform

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