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

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

The Singaporean market for bottles, jars and other containers of glass contracted dramatically to $X in 2021, with a decrease of -26.1% against the previous year. In general, consumption, however, saw a strong expansion. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

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

In value terms, glass bottle, jar and container production reduced notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 152%. As a result, production reached the peak level of $X, and then contracted remarkably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Singapore

In 2021, the amount of bottles, jars and other containers of glass exported from Singapore fell slightly to X units, waning by -5% against the previous year. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 46%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports shrank to $X in 2021. Over the period under review, exports continue to indicate a perceptible descent. The growth pace was the most rapid in 2016 with an increase of 34% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units), Indonesia (X units) and Papua New Guinea (X units) were the main destinations of glass bottle, jar and container exports from Singapore, with a combined 70% share of total exports. South Korea, Madagascar, Solomon Islands, Hong Kong SAR, the United States, Taiwan (Chinese), Japan, Australia, China and Angola lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +33.4%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Papua New Guinea ($X) appeared to be the largest markets for glass bottle, jar and container exported from Singapore worldwide, together accounting for 69% of total exports. These countries were followed by Madagascar, South Korea, Hong Kong SAR, Solomon Islands, the United States, Taiwan (Chinese), Japan, Australia, China and Angola, which together accounted for a further 22%.

In terms of the main countries of destination, the United States, with a CAGR of +37.0%, saw the highest rates of growth with regard to 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, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2014 an increase of 11%. The export price peaked at $X per unit in 2020, and then declined modestly in the following year.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Madagascar ($X per unit) and Australia ($X per unit), while the average price for exports to Solomon Islands ($X per unit) and Angola ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.7%), 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 Singapore

In 2021, the amount of bottles, jars and other containers of glass imported into Singapore expanded notably to X units, picking up by 11% on 2020. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 13%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, glass bottle, jar and container imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Malaysia (X units) and Germany (X units) were the main suppliers of glass bottle, jar and container imports to Singapore, together comprising 62% of total imports. France, Thailand, South Korea, Taiwan (Chinese), Italy, the United States and Japan lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +39.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Germany ($X) constituted the largest glass bottle, jar and container suppliers to Singapore, with a combined 62% share of total imports. France, Thailand, South Korea, Taiwan (Chinese), Italy, the United States and Japan lagged somewhat behind, together comprising a further 34%.

South Korea, with a CAGR of +38.5%, saw the highest growth rate of the value of imports, among the main suppliers 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, surging by 13% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Thailand ($X per unit) and Japan ($X per unit), while the price for South Korea ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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