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

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

In 2021, after two years of growth, there was significant decline in the Thai market for bottles, jars and other containers of glass, when its value decreased by -26.2% to $X. Over the period under review, consumption, however, showed a perceptible increase. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

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

In value terms, glass bottle, jar and container production declined remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 109% against the previous year. As a result, production attained the peak level of $X, and then declined notably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Thailand

In 2021, overseas shipments of bottles, jars and other containers of glass increased by 0.4% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.6% against 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 49% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports expanded slightly to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.7% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 46%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X units), the United States (X units) and Lao People's Democratic Republic (X units) were the main destinations of glass bottle, jar and container exports from Thailand, with a combined 65% share of total exports.

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 +104.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass bottle, jar and container exported from Thailand were Myanmar ($X), the United States ($X) and Vietnam ($X), with a combined 51% share of total exports.

The United States, with a CAGR of +66.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, with an increase of 3.9% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass bottle, jar and container export price increased by +59.9% against 2014 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 34%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.0%), 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 Thailand

In 2021, supplies from abroad of bottles, jars and other containers of glass increased by 15% to X units, rising for the second year in a row after three years of decline. In general, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 93%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, glass bottle, jar and container imports soared to $X in 2021. Overall, imports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 50%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest glass bottle, jar and container supplier to Thailand, accounting for a 70% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+61.0% per year) and South Korea (+66.3% per year).

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Thailand, comprising 63% of total imports. The second position in the ranking was held by Indonesia ($X), with a 6.1% share of total imports. It was followed by the United States, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-14.9% per year) and the United States (+32.1% per year).

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, with an increase of 3.7% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.1% 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 +58.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 30%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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