China - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Closure Price in China - 2023
Contents:
- Glass Closure Price in China (FOB) - 2023
- Glass Closure Price in China (CIF) - 2022
- Glass Closure Exports in China
- Glass Closure Imports in China
Glass Closure Price in China (FOB) - 2023
In September 2023, the average glass closure export price amounted to $2,260 per ton, picking up by 15% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $2,756 per ton in November 2022; however, from December 2022 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($6,715 per ton), while the average price for exports to Brazil ($992 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Closure Price in China (CIF) - 2022
The average glass closure import price stood at $17,267 per ton in 2022, with an increase of 32% against the previous year. In general, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2021 an increase of 341% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($52,276 per ton), while the price for the United States ($2,362 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Glass Closure Exports in China
In 2022, after three years of growth, there was significant decline in overseas shipments of glass stoppers, lids and other closures, when their volume decreased by -37.4% to 44K tons. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year.
In value terms, glass closure exports shrank markedly to $106M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three-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 2021 with an increase of 30%. As a result, the exports reached the peak of $149M, and then fell dramatically in the following year.
Export of Glass Closure in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 11.1 | 12.2 | 14.4 | 10.2 | -2.8% |
Brazil | 9.5 | 15.1 | 18.4 | 7.7 | -6.8% |
South Korea | 7.8 | 9.8 | 11.4 | 7.5 | -1.3% |
Italy | 4.2 | 4.3 | 8.6 | 6.1 | 13.2% |
India | 2.9 | 3.0 | 5.7 | 5.3 | 22.3% |
Vietnam | 4.8 | 6.8 | 7.0 | 5.2 | 2.7% |
Thailand | 3.9 | 5.7 | 8.0 | 5.2 | 10.1% |
Russia | 3.0 | 4.7 | 5.1 | 4.6 | 15.3% |
Mexico | 1.7 | 2.3 | 4.4 | 3.7 | 29.6% |
France | 3.1 | 3.3 | 8.9 | 3.7 | 6.1% |
Bangladesh | 1.1 | 2.7 | 2.5 | 2.9 | 38.1% |
Colombia | 1.8 | 2.7 | 2.5 | 2.8 | 15.9% |
Poland | 0.8 | 1.2 | 1.7 | 1.6 | 26.0% |
Others | 35.1 | 41.1 | 50.3 | 39.5 | 4.0% |
Total | 90.9 | 115 | 149 | 106 | 5.3% |
Top Export Markets for Glass Closure from China in 2022:
- Brazil (5.6K tons)
- South Korea (3.5K tons)
- Vietnam (3.3K tons)
- United States (3.2K tons)
- Italy (2.4K tons)
- Bangladesh (2.2K tons)
- Russia (2.2K tons)
- India (2.1K tons)
- Thailand (2.1K tons)
- Colombia (1.5K tons)
- Mexico (1.3K tons)
- Poland (1.2K tons)
- France (1.1K tons)
Glass Closure Imports in China
For the third consecutive year, China recorded decline in supplies from abroad of glass stoppers, lids and other closures, which decreased by -27.6% to 45 tons in 2022. In general, imports recorded a precipitous contraction.
In value terms, glass closure imports contracted to $784K in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year.
Import of Glass Closure in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 32.9 | 22.7 | 27.1 | 184 | 77.5% |
Italy | 26.2 | 5.2 | 47.2 | 46.6 | 21.2% |
South Korea | 7.4 | 26.4 | 17.9 | 29.2 | 58.0% |
France | 400 | 174 | 32.6 | 22.2 | -61.9% |
Germany | 445 | 39.6 | 22.4 | 17.1 | -66.3% |
Thailand | 5.0 | 12.9 | N/A | 8.0 | 17.0% |
Netherlands | N/A | N/A | N/A | 5.4 | 0% |
United States | 36.8 | 5.3 | 5.0 | 3.3 | -55.2% |
Vietnam | 70.4 | 16.9 | 25.1 | 0.9 | -76.6% |
Czech Republic | 290 | N/A | N/A | N/A | 0% |
Others | 31.2 | 168 | 640 | 467 | 146.4% |
Total | 1,346 | 471 | 817 | 784 | -16.5% |
Top Suppliers of Glass Closure to China in 2022:
- Vietnam (undefined tons)
- Japan (3.5 tons)
- South Korea (3.3 tons)
- Thailand (2.4 tons)
- Italy (1.8 tons)
- France (1.5 tons)
- United States (1.4 tons)
- Germany (1.4 tons)
- Netherlands (1.2 tons)
This report provides an in-depth analysis of the glass closure market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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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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In value terms, glass closure exports soared to $9.1M in March 2023.
In June 2023, the price of Glass Containers dropped by 4% to $299 per thousand units (FOB, China) compared to the previous month.
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