U.S.: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in the U.S.

In 2021, the U.S. market for bottles, jars and other containers of glass decreased by -8.6% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a noticeable decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Bottles, Jars And Other Containers Of Glass in the U.S.

In value terms, glass bottle, jar and container production reduced modestly to $X in 2021. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 3.5%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from the U.S.

In 2021, shipments abroad of bottles, jars and other containers of glass increased by 101% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of 103% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, glass bottle, jar and container exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for glass bottle, jar and container exports from the United States, accounting for a 93% share of total exports. It was followed by Mexico (X units), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-4.4% per year) and India (-10.1% per year).

In value terms, Canada ($X) remains the key foreign market for bottles, jars and other containers of glass exports from the United States, comprising 73% of total exports. The second position in the ranking was taken by Mexico ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-2.8% per year) and India (-10.7% 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, shrinking by -39% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Canada ($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 Mexico (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into the U.S.

In 2021, supplies from 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. Overall, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.3% against 2018 indices. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, glass bottle, jar and container imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X units), China (X units) and Canada (X units) were the main suppliers of glass bottle, jar and container imports to the United States, with a combined 56% share of total imports. These countries were followed by Taiwan (Chinese), India, Italy, Germany, Saudi Arabia, France, Turkey, Egypt, Chile and Poland, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +93.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass bottle, jar and container suppliers to the United States were Mexico ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 55% share of total imports. These countries were followed by France, Canada, Germany, Italy, India, Poland, Chile, Egypt, Saudi Arabia and Turkey, which together accounted for a further 34%.

Among the main suppliers, Turkey, with a CAGR of +79.3%, saw 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

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, with a decrease of -5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :