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

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

In 2021, after two years of growth, there was significant decline in the Portuguese market for bottles, jars and other containers of glass, when its value decreased by -59.5% to $X. Over the period under review, consumption, however, enjoyed a resilient expansion. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

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

In value terms, glass bottle, jar and container production fell significantly to $X in 2021 estimated in export price. In general, production showed a deep downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 6.8%. Glass bottle, jar and container production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Portugal

In 2021, glass bottle, jar and container exports from Portugal soared to X units, with an increase of 66% compared with the year before. In general, exports enjoyed a strong increase. 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 rose significantly to $X in 2021. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for glass bottle, jar and container exports from Portugal, with a 70% share of total exports. Moreover, glass bottle, jar and container exports to Spain exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+17.1% per year) and Italy (+22.4% per year).

In value terms, Spain ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Portugal, comprising 66% of total exports. The second position in the ranking was taken by France ($X), with a 19% share of total exports. It was followed by Italy, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.6% per year) and Italy (+3.5% per year).

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, waning by -31.1% against the previous year. Over the period under review, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 7.6% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 the United States (-9.4%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Portugal

In 2021, imports of bottles, jars and other containers of glass into Portugal surged to X units, jumping by 52% compared with the previous year. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 74% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, glass bottle, jar and container imports soared to $X in 2021. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 28% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Spain (X units) constituted the largest glass bottle, jar and container supplier to Portugal, with a 88% share of total imports. Moreover, glass bottle, jar and container imports from Spain exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Bulgaria (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+21.1% per year) and Bulgaria (+382.2% per year).

In value terms, Spain ($X) constituted the largest supplier of bottles, jars and other containers of glass to Portugal, comprising 73% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.4% share of total imports. It was followed by France, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.2% per year) and France (+11.5% per year).

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, falling by -23.4% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 7.9%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 Italy ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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