Slovenia: Glass Closure Market 2024

Glass Closure Market Size in Slovenia

The Slovene glass closure market rose notably to $X in 2022, surging by 5% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Closure Production in Slovenia

In value terms, glass closure production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 24%. 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 Slovenia

In 2022, exports of glass stoppers, lids and other closures from Slovenia reduced notably to X tons, shrinking by -15.4% compared with the previous year's figure. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 106%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass closure exports contracted slightly to $X in 2022. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 69% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Croatia (X tons) and Bulgaria (X tons) were the main destinations of glass closure exports from Slovenia, together comprising 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +29.5%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Italy ($X) and Bulgaria ($X) constituted the largest markets for glass closure exported from Slovenia worldwide, together comprising 73% of total exports.

In terms of the main countries of destination, Bulgaria, with a CAGR of +34.5%, recorded 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 glass closure export price stood at $X per ton in 2022, rising by 18% against the previous year. In general, the export price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 37%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Italy ($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 Ukraine (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Slovenia

Glass closure imports into Slovenia rose rapidly to X tons in 2022, with an increase of 13% compared with the year before. Overall, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 56%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, glass closure imports rose remarkably to $X in 2022. In general, imports, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 52%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass closure to Slovenia, with a 80% share of total imports. Moreover, glass closure imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-22.9% per year) and the Czech Republic (+57.3% per year).

In value terms, China ($X) constituted the largest supplier of glass stoppers, lids and other closures to Slovenia, comprising 65% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+52.7% per year) and Italy (-21.4% per year).

Import Prices by Country

In 2022, the average glass closure import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform