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

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

In 2021, after two years of growth, there was significant decline in the Pakistani market for bottles, jars and other containers of glass, when its value decreased by -26.6% to $X. Overall, consumption, however, enjoyed strong growth. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

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

In value terms, glass bottle, jar and container production declined markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 113% against the previous year. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Pakistan

In 2021, glass bottle, jar and container exports from Pakistan soared to X units, growing by 140% compared with the year before. Overall, exports continue to indicate a prominent expansion. 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. In general, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X units) was the main destination for glass bottle, jar and container exports from Pakistan, accounting for a 58% share of total exports. Moreover, glass bottle, jar and container exports to the Philippines exceeded the volume sent to the second major destination, Indonesia (X units), threefold. Turkey (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines stood at +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+64.8% per year) and Turkey (+31.0% per year).

In value terms, the Philippines ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Pakistan, comprising 58% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 22% share of total exports. It was followed by Turkey, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to the Philippines amounted to +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+68.1% per year) and Turkey (+33.0% per year).

Export Prices by Country

The average export price for bottles, jars and other containers of glass stood at $X per unit in 2021, surging by 5.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 an increase of 12%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per unit) and Afghanistan ($X per unit), while the average price for exports to Kenya ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+2.8%), 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 Pakistan

In 2021, purchases abroad of bottles, jars and other containers of glass increased by 125% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a pronounced slump. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, glass bottle, jar and container imports skyrocketed to $X in 2021. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 36% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass bottle, jar and container to Pakistan, with a 78% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), eightfold. The third position in this ranking was taken by Sri Lanka (X units), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.3% per year) and Sri Lanka (+105.4% per year).

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Pakistan, comprising 76% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.8% share of total imports. It was followed by the United Arab Emirates, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.1% per year) and the United Arab Emirates (+25.7% 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, reducing by -42.2% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 272% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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