Peru: Glass Closure Market 2025

Glass Closure Market Size in Peru

The Peruvian glass closure market dropped modestly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Glass closure consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Glass Closure Production in Peru

In value terms, glass closure production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 21%. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Glass Closure Exports

Exports from Peru

In 2022, after two years of decline, there was significant growth in shipments abroad of glass stoppers, lids and other closures, when their volume increased by 127% to X kg. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,804%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, glass closure exports soared to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,798% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X kg) was the main destination for glass closure exports from Peru, with a 94% share of total exports. Moreover, glass closure exports to Ecuador exceeded the volume sent to the second major destination, Chile (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at +42.1%.

In value terms, the largest markets for glass closure exported from Peru were Ecuador ($X) and Chile ($X).

In terms of the main countries of destination, Chile, with a CAGR of +56.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average glass closure export price stood at $X per ton in 2022, surging by 14% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 75%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Chile ($X per ton), while the average price for exports to Ecuador totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+9.0%), while the prices for the other major destinations experienced a decline.

Glass Closure Imports

Imports into Peru

In 2022, approx. X tons of glass stoppers, lids and other closures were imported into Peru; growing by 3.3% compared with the year before. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 223% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, glass closure imports shrank modestly to $X in 2022. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 151% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

China (X tons), Italy (X tons) and Ecuador (X tons) were the main suppliers of glass closure imports to Peru, with a combined 88% share of total imports. These countries were followed by Japan, which accounted for a further 2.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +101.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass closure suppliers to Peru were China ($X), Italy ($X) and Ecuador ($X), with a combined 72% share of total imports. These countries were followed by Japan, which accounted for a further 8.4%.

Among the main suppliers, Japan, with a CAGR of +104.2%, 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 2022, the average glass closure import price amounted to $X per ton, reducing by -7.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 80%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :