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

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

In 2021, after two years of growth, there was significant decline in the Peruvian market for bottles, jars and other containers of glass, when its value decreased by -23.1% to $X. Overall, consumption, however, enjoyed a prominent expansion. 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 Peru

In value terms, glass bottle, jar and container production dropped rapidly to $X in 2021 estimated in export price. In general, production, however, posted a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 96% against the previous year. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Peru

In 2021, exports of bottles, jars and other containers of glass from Peru surged to X units, picking up by 17% on the year before. Overall, total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -27.9% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports surged to $X in 2021. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -10.8% against 2019 indices. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units), Bolivia (X units) and Jamaica (X units) were the main destinations of glass bottle, jar and container exports from Peru, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Jamaica (with a CAGR of +87.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), the Dominican Republic ($X) and Bolivia ($X) were the largest markets for glass bottle, jar and container exported from Peru worldwide, together comprising 59% of total exports. These countries were followed by the United States, Jamaica, Mexico, Ecuador and Brazil, which together accounted for a further 37%.

In terms of the main countries of destination, Jamaica, with a CAGR of +90.8%, recorded the highest growth rate of the value of exports, 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, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2017 an increase of 18%. As a result, the export price reached the peak level of $X per unit; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Jamaica ($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 Brazil (+19.2%), 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 Peru

In 2021, imports of bottles, jars and other containers of glass into Peru surged to X units, with an increase of 172% against the year before. In general, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass bottle, jar and container imports surged to $X in 2021. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Chile (X units) and Bulgaria (X units) were the main suppliers of glass bottle, jar and container imports to Peru, together accounting for 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +2,324.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Chile ($X) and the UK ($X) were the largest glass bottle, jar and container suppliers to Peru, with a combined 69% share of total imports. These countries were followed by Bulgaria, Spain, Mexico, Colombia and Ukraine, which together accounted for a further 22%.

In terms of the main suppliers, Bulgaria, with a CAGR of +1,696.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, dropping by -2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2014 an increase of 35%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 the UK ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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