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

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

In 2021, the Uruguayan market for bottles, jars and other containers of glass increased by 13% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

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

In value terms, glass bottle, jar and container production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 2.6% against the previous year. Glass bottle, jar and container production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Uruguay

In 2021, the amount of bottles, jars and other containers of glass exported from Uruguay fell dramatically to X units, declining by -61.7% against the previous year's figure. Overall, exports faced a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 2,483%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, glass bottle, jar and container exports reduced notably to $X in 2021. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 421%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X units), Brazil (X units) and Paraguay (X units) were the main destinations of glass bottle, jar and container exports from Uruguay, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +4.0%), while shipments for the other leaders experienced a decline.

In value terms, Paraguay ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Uruguay, comprising 73% of total exports. The second position in the ranking was held by Argentina ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Paraguay amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-22.1% per year) and Brazil (-8.0% per year).

Export Prices by Country

The average export price for bottles, jars and other containers of glass stood at $X per unit in 2021, jumping by 76% against the previous year. In general, the export price showed a strong increase. The growth pace was the most rapid in 2018 an increase of 152%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

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 Paraguay ($X per unit), while the average price for exports to Brazil ($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 Chile (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Uruguay

In 2021, overseas purchases of bottles, jars and other containers of glass increased by 10% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 29%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, glass bottle, jar and container imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 20%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Argentina (X units), Chile (X units) and Paraguay (X units) were the main suppliers of glass bottle, jar and container imports to Uruguay, with a combined 82% share of total imports. These countries were followed by Brazil, China, Moldova and Germany, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +146.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Chile ($X) and Paraguay ($X) constituted the largest glass bottle, jar and container suppliers to Uruguay, together accounting for 73% of total imports. These countries were followed by China, Brazil, Germany and Moldova, which together accounted for a further 19%.

In terms of the main suppliers, Germany, with a CAGR of +72.4%, saw the highest growth rate of 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 average import price for bottles, jars and other containers of glass stood at $X per unit in 2021, with an increase of 5.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 7.6%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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