Austria - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Closure Price in Austria - 2023
Contents:
- Glass Closure Price in Austria (FOB) - 2023
- Glass Closure Price in Austria (CIF) - 2023
- Glass Closure Exports in Austria
- Glass Closure Imports in Austria
Glass Closure Price in Austria (FOB) - 2023
In August 2023, the average glass closure export price amounted to $2,246 per ton, declining by -13.8% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 31% m-o-m. The export price peaked at $2,606 per ton in July 2023, and then contracted in the following month.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was China ($8,124 per ton), while the average price for exports to Brazil ($1,829 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Closure Price in Austria (CIF) - 2023
The average glass closure import price stood at $6,247 per ton in August 2023, surging by 11% against the previous month. Over the period under review, the import price continues to indicate tangible growth. The pace of growth was the most pronounced in April 2023 an increase of 131% m-o-m. As a result, import price attained the peak level of $10,780 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($15,851 per ton), while the price for Germany ($3,630 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Glass Closure Exports in Austria
In 2022, overseas shipments of glass stoppers, lids and other closures decreased by -26.5% to 4.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, the exports attained the peak of 6.1K tons, and then reduced markedly in the following year.
In value terms, glass closure exports rose significantly to $9.6M in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 67% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Glass Closure in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.0 | 2.7 | 4.4 | 5.3 | 38.4% |
| United Kingdom | 0.1 | 0.1 | 1.5 | 2.1 | 175.9% |
| Russia | 0.4 | 0.3 | 0.4 | 0.1 | -37.0% |
| Others | 1.2 | 2.0 | 2.3 | 2.1 | 20.5% |
| Total | 3.7 | 5.2 | 8.6 | 9.6 | 37.4% |
Top Export Markets for Glass Closure from Austria in 2022:
- Netherlands (3.5K tons)
- United Kingdom (0.6K tons)
- Russia (0.1K tons)
Glass Closure Imports in Austria
In 2022, overseas purchases of glass stoppers, lids and other closures were finally on the rise to reach 415 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a dramatic decline.
In value terms, glass closure imports stood at $2.2M in 2022. In general, imports, however, saw a sharp curtailment.
| Import of Glass Closure in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,062 | 2,202 | 462 | 766 | -42.7% |
| China | 523 | 615 | 789 | 657 | 7.9% |
| Czech Republic | 524 | 477 | 493 | 395 | -9.0% |
| Italy | 309 | 148 | 59.3 | 242 | -7.8% |
| Others | 205 | 135 | 207 | 162 | -7.5% |
| Total | 5,622 | 3,577 | 2,011 | 2,222 | -26.6% |
Top Suppliers of Glass Closure to Austria in 2022:
- China (165.6 tons)
- Germany (158.2 tons)
- Italy (53.1 tons)
- Czech Republic (25.3 tons)
This report provides an in-depth analysis of the glass closure market in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23131110 - Glass preserving jars, stoppers, lids and other closures (including stoppers and closures of any material presented with the containers for which they are intended)
Country coverage:
- Austria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Austria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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