South-Eastern Asia: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in South-Eastern Asia

In 2021, after four years of growth, there was significant decline in the Southeast Asian market for bottles, jars and other containers of glass, when its value decreased by -30.8% to $X. In general, consumption, however, posted a strong expansion. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Production of Bottles, Jars And Other Containers Of Glass in South-Eastern Asia

In value terms, glass bottle, jar and container production declined dramatically to $X in 2021 estimated in export price. Overall, production, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 145%. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of bottles, jars and other containers of glass, when their volume increased by 7.7% to X units. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 with an increase of 26%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass bottle, jar and container exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand was the main exporter of bottles, jars and other containers of glass in South-Eastern Asia, with the volume of exports accounting for X units, which was approx. 48% of total exports in 2021. Indonesia (X units) took the second position in the ranking, followed by Malaysia (X units), Vietnam (X units) and the Philippines (X units). All these countries together took approx. 48% share of total exports. Singapore (X units) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Vietnam (+7.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +7.2% from 2012-2021. The Philippines experienced a relatively flat trend pattern. By contrast, Singapore (-6.8%), Indonesia (-7.1%) and Malaysia (-11.3%) illustrated a downward trend over the same period. While the share of Thailand (+21 p.p.) and Vietnam (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-1.6 p.p.), Indonesia (-10.2 p.p.) and Malaysia (-16.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2021, together comprising 78% of total exports. These countries were followed by Vietnam, the Philippines and Singapore, which together accounted for a further 22%.

In terms of the main exporting countries, Vietnam, with a CAGR of +13.4%, 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 export price in South-Eastern Asia stood at $X per unit in 2021, surging by 4.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2019 when the export price increased by 21%. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Indonesia ($X per unit) and Singapore ($X per unit), while Thailand ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.8%), while the other leaders experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports in South-Eastern Asia

In 2021, approx. X units of bottles, jars and other containers of glass were imported in South-Eastern Asia; approximately reflecting the previous year. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 61% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, glass bottle, jar and container imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 41% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Indonesia (X units), Myanmar (X units), the Philippines (X units), Vietnam (X units), Thailand (X units) and Malaysia (X units) represented roughly 86% of total imports in 2021. It was distantly followed by Singapore (X units), comprising a 5.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Philippines ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, with a combined 55% share of total imports. These countries were followed by Thailand, Malaysia, Myanmar and Singapore, which together accounted for a further 41%.

Myanmar, with a CAGR of +17.3%, recorded 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 more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 when the import price increased by 12% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

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 Malaysia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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