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

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

In 2021, the Venezuelan market for bottles, jars and other containers of glass decreased by -24.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

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

In value terms, glass bottle, jar and container production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 85%. As a result, production reached the peak level of $X, and then reduced sharply in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Venezuela

In 2021, the amount of bottles, jars and other containers of glass exported from Venezuela surged to X units, jumping by 229% compared with the previous year's figure. In general, exports showed a resilient increase. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports soared to $X in 2021. Over the period under review, exports saw prominent growth. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for glass bottle, jar and container exports from Venezuela, accounting for a 57% share of total exports. Moreover, glass bottle, jar and container exports to Colombia exceeded the volume sent to the second major destination, Brazil (X units), twofold. The third position in this ranking was taken by Peru (X units), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Colombia amounted to +165.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-1.3% per year) and Peru (+364.0% per year).

In value terms, the largest markets for glass bottle, jar and container exported from Venezuela were Colombia ($X), Brazil ($X) and the United States ($X), together accounting for 90% of total exports. Peru and the Dominican Republic lagged somewhat behind, together comprising a further 8.7%.

Among the main countries of destination, Peru, with a CAGR of +368.6%, recorded the highest growth rate of 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

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, jumping by 21% against the previous year. In general, the export price showed measured growth. The most prominent rate of growth was recorded in 2014 an increase of 163% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Peru ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) and Colombia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Venezuela

In 2021, approx. X units of bottles, jars and other containers of glass were imported into Venezuela; with an increase of 139% against the previous year's figure. Overall, imports, however, continue to indicate a abrupt slump. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 114%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass bottle, jar and container to Venezuela, accounting for a 79% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, Chile (X units), eightfold. Italy (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-25.2% per year) and Italy (-35.7% per year).

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Venezuela, comprising 73% of total imports. The second position in the ranking was held by Chile ($X), with a 7.5% share of total imports. It was followed by Italy, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-26.4% per year) and Italy (-27.7% 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, which is down by -11.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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