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

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

In 2021, the Vietnamese market for bottles, jars and other containers of glass decreased by -2.5% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, glass bottle, jar and container production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell modestly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Vietnam

In 2021, shipments abroad of bottles, jars and other containers of glass decreased by -6% to X units, falling for the third year in a row after three years of growth. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 95% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, glass bottle, jar and container exports declined modestly to $X in 2021. Over the period under review, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 99% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X units), Colombia (X units) and Cambodia (X units) were the main destinations of glass bottle, jar and container exports from Vietnam, with a combined 85% share of total exports. These countries were followed by Australia, Myanmar, Mauritius and Japan, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +41.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Colombia ($X) and Cambodia ($X) appeared to be the largest markets for glass bottle, jar and container exported from Vietnam worldwide, together comprising 84% of total exports. These countries were followed by Australia, Mauritius, Japan and Myanmar, which together accounted for a further 9.9%.

Myanmar, with a CAGR of +39.1%, recorded the highest growth rate of 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

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, surging by 6% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% 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 +55.2% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 35%. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while the average price for exports to Myanmar ($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 Cambodia (+7.8%), 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 Vietnam

In 2021, overseas purchases of bottles, jars and other containers of glass decreased by -6.8% to X units, falling for the second year in a row after four years of growth. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.1% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 60%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, glass bottle, jar and container imports expanded remarkably to $X in 2021. Overall, total imports 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. The pace of growth appeared the most rapid in 2016 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass bottle, jar and container to Vietnam, with a 72% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sevenfold. Indonesia (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+8.0% per year) and Indonesia (+0.2% per year).

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Vietnam, comprising 72% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by Indonesia, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+11.6% per year) and Indonesia (+1.4% per year).

Import Prices by Country

The average import price for bottles, jars and other containers of glass stood at $X per unit in 2021, increasing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Philippines ($X per unit) and Japan ($X per unit), while the price for China ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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