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

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

After two years of growth, the Scandinavia market for bottles, jars and other containers of glass decreased by -17.2% to $X in 2021. Overall, consumption, however, saw prominent growth. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

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

In value terms, glass bottle, jar and container production declined modestly to $X in 2021 estimated in export price. The total production indicated a moderate expansion 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, production increased by +6.3% against 2019 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 36%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in Scandinavia

In 2021, exports of bottles, jars and other containers of glass in Scandinavia soared to X units, with an increase of 52% against the previous year. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, glass bottle, jar and container exports amounted to $X in 2021. Overall, exports, however, continue to indicate a pronounced descent. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Denmark (X units) was the main exporter of bottles, jars and other containers of glass, comprising 66% of total exports. It was distantly followed by Sweden (X units), comprising a 34% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sweden (with a CAGR of +11.2%).

In value terms, the largest glass bottle, jar and container supplying countries in Scandinavia were Denmark ($X) and Sweden ($X).

In terms of the main exporting countries, Sweden, with a CAGR of -0.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, waning by -27.5% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the export price increased by 7.6% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Sweden totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-7.7%).

Imports of Bottles, Jars And Other Containers Of Glass

Imports in Scandinavia

In 2021, the amount of bottles, jars and other containers of glass imported in Scandinavia surged to X units, picking up by 37% against 2020. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 52% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, glass bottle, jar and container imports expanded significantly to $X in 2021. Overall, imports, however, recorded a mild contraction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X units) and Denmark (X units) were the largest importers of bottles, jars and other containers of glass in Scandinavia, together resulting at approx. 71% of total imports. Finland (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Norway (8%).

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass bottle, jar and container importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), with a combined 80% share of total imports.

Norway, with a CAGR of +0.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, which is down by -20.1% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by 4%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform