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

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

In 2021, after two years of growth, there was significant decline in the South Asian market for bottles, jars and other containers of glass, when its value decreased by -20.9% to $X. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.8% against 2018 indices. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Southern Asia

In value terms, glass bottle, jar and container production declined remarkably to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.8% against 2018 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 71% against the previous year. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in Southern Asia

In 2021, shipments abroad of bottles, jars and other containers of glass was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass bottle, jar and container exports soared to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, finishing at X units, which was near 90% of total exports in 2021. It was distantly followed by Sri Lanka (X units), committing a 7% share of total exports. Pakistan (X units) held a little share of total exports.

Exports from India increased at an average annual rate of +8.3% from 2012 to 2021. At the same time, Pakistan (+11.1%) and Sri Lanka (+7.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +11.1% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest glass bottle, jar and container supplier in Southern Asia, comprising 91% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 6% share of total exports.

In India, glass bottle, jar and container exports increased at an average annual rate of +7.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+7.1% per year) and Pakistan (+12.8% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, shrinking by -12.8% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Bottles, Jars And Other Containers Of Glass

Imports in Southern Asia

Glass bottle, jar and container imports reached X units in 2021, increasing by 13% against the year before. Over the period under review, imports showed temperate growth. The pace of growth was the most pronounced in 2016 when imports increased by 75% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the main importing country with an import of around X units, which recorded 47% of total imports. It was distantly followed by Nepal (X units), Sri Lanka (X units) and Bangladesh (X units), together generating a 45% share of total imports. The following importers - Pakistan (X units) and Bhutan (X units) - each reached a 6% 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 India (with a CAGR of +15.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X), Nepal ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 82% of total imports. These countries were followed by Pakistan, Sri Lanka and Bhutan, which together accounted for a further 17%.

Among the main importing countries, Pakistan, with a CAGR of +12.2%, recorded 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

The import price in Southern Asia stood at $X per unit in 2021, growing by 13% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass bottle, jar and container import price increased by +69.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by 50% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Bhutan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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