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

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

The Asian market for bottles, jars and other containers of glass amounted to $X in 2023, remaining stable against the previous year. The total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, glass bottle, jar and container production rose modestly to $X in 2023 estimated in export price. The total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in Asia

For the third consecutive year, Asia recorded growth in overseas shipments of bottles, jars and other containers of glass, which increased by X% to X units in 2023. Total exports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in years to come.

In value terms, glass bottle, jar and container exports fell modestly to $X in 2023. In general, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped modestly in the following year.

Exports by Country

China was the largest exporting country with an export of around X units, which finished at X% of total exports. Turkey (X units) ranks second in terms of the total exports with a X% share, followed by India (X%) and the United Arab Emirates (X%). Taiwan (Chinese) (X units), Thailand (X units), Saudi Arabia (X units) and Oman (X units) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to glass bottle, jar and container exports from China stood at X%. At the same time, Turkey (X%), Thailand (X%), Oman (X%), India (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Saudi Arabia and Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2023, the share of Turkey and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glass bottle, jar and container supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2023, dropping by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, glass bottle, jar and container export price increased by X% against 2016 indices. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports in Asia

In 2023, the amount of bottles, jars and other containers of glass imported in Asia totaled X units, approximately reflecting the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, glass bottle, jar and container imports shrank modestly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then dropped slightly in the following year.

Imports by Country

The countries with the highest levels of glass bottle, jar and container imports in 2023 were Georgia (X units), Iraq (X units), Kazakhstan (X units), Indonesia (X units), the Philippines (X units), the United Arab Emirates (X units), Israel (X units), Vietnam (X units), India (X units), Turkey (X units), Lebanon (X units) and Armenia (X units), together amounting to X% of total import. Azerbaijan (X units) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass bottle, jar and container importing markets in Asia were the United Arab Emirates ($X), the Philippines ($X) and Turkey ($X), together comprising X% of total imports. Indonesia, Israel, Vietnam, India, Georgia, Iraq, Kazakhstan, Lebanon, Armenia and Azerbaijan lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, recorded 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 import price in Asia stood at $X per unit in 2023, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per unit, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform