Slovakia: Glass Closure Market 2024

Glass Closure Market Size in Slovakia

In 2022, the Slovak glass closure market decreased by -19.7% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption showed a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Glass Closure Production in Slovakia

In value terms, glass closure production reduced modestly to $X in 2022 estimated in export price. In general, production showed a pronounced descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 197%. Glass closure production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Glass Closure Exports

Exports from Slovakia

In 2022, overseas shipments of glass stoppers, lids and other closures increased by 3.7% to X tons, rising for the third year in a row after two years of decline. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 4,351%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass closure exports shrank modestly to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 5,325% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for glass closure exports from Slovakia, with a 53% share of total exports. Moreover, glass closure exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X tons), fivefold. The third position in this ranking was held by Austria (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +62.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+48.7% per year) and Austria (+268.7% per year).

In value terms, Poland ($X) remains the key foreign market for glass stoppers, lids and other closures exports from Slovakia, comprising 57% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total exports. It was followed by Austria, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland totaled +61.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+44.5% per year) and Austria (+302.0% per year).

Export Prices by Country

In 2022, the average glass closure export price amounted to $X per ton, dropping by -7% against the previous year. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of 82%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Estonia ($X per ton), while the average price for exports to Austria ($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 Austria (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Slovakia

In 2022, purchases abroad of glass stoppers, lids and other closures was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 1,615% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, glass closure imports soared to $X in 2022. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 616%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of glass closure imports to Slovakia, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +191.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Germany ($X) constituted the largest glass closure suppliers to Slovakia, with a combined 78% share of total imports.

In terms of the main suppliers, France, with a CAGR of +214.5%, saw the highest rates of growth with regard to 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, picking up by 1.7% against the previous year. In general, the import price, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of 105% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+49.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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