Portugal: Glass Closure Market 2025

Glass Closure Market Size in Portugal

The Portuguese glass closure market reached $X in 2022, with an increase of 9.4% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Closure Production in Portugal

In value terms, glass closure production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Glass Closure Exports

Exports from Portugal

Glass closure exports from Portugal contracted notably to X tons in 2022, waning by -71.5% against 2021 figures. Overall, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2015 when exports increased by 484% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, glass closure exports reduced markedly to $X in 2022. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 345% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) was the main destination for glass closure exports from Portugal, accounting for a 52% share of total exports. Moreover, glass closure exports to South Africa exceeded the volume sent to the second major destination, Spain (X kg), fourfold. The third position in this ranking was held by India (X kg), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa stood at +229.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-30.9% per year) and India (-22.1% per year).

In value terms, South Africa ($X), Spain ($X) and France ($X) appeared to be the largest markets for glass closure exported from Portugal worldwide, with a combined 78% share of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of +192.5%, saw 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

In 2022, the average glass closure export price amounted to $X per ton, rising by 64% against the previous year. Overall, the export price posted resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 83% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Portugal

Glass closure imports into Portugal soared to X tons in 2022, rising by 52% on 2021. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 351%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass closure imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 563%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of glass closure imports to Portugal, with a combined 80% share of total imports. Italy, Germany, France and the Czech Republic lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +468.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of glass stoppers, lids and other closures to Portugal, comprising 44% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at -11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.4% per year) and China (+8.1% per year).

Import Prices by Country

The average glass closure import price stood at $X per ton in 2022, with a decrease of -7.2% against the previous year. Overall, the import price, however, continues to indicate a noticeable increase. The growth pace was the most rapid in 2020 when the average import price increased by 145% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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