Italy - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Closure Price in Italy - 2023
Contents:
- Glass Closure Price in Italy (CIF) - 2022
- Glass Closure Price in Italy (FOB) - 2023
- Glass Closure Imports in Italy
- Glass Closure Exports in Italy
Glass Closure Price in Italy (CIF) - 2022
The average glass closure import price stood at $2,639 per ton in 2022, surging by 42% against the previous year. In general, the import price recorded a modest increase. Over the period under review, average import prices attained the maximum at $3,279 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 the Czech Republic ($11,924 per ton), while the price for Germany ($1,291 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Glass Closure Price in Italy (FOB) - 2023
The average glass closure export price stood at $6,126 per ton in August 2023, waning by -26.3% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 173% against the previous month. The export price peaked at $8,312 per ton in July 2023, and then reduced remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($46,798 per ton), while the average price for exports to Portugal ($1,610 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 the United States (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Closure Imports in Italy
For the fourth year in a row, Italy recorded growth in supplies from abroad of glass stoppers, lids and other closures, which increased by 10% to 18K tons in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, glass closure imports soared to $48M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glass Closure in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 0.2 | 0.3 | 0.6 | 16.7 | 337.1% |
| China | 6.2 | 6.1 | 14.7 | 11.4 | 22.5% |
| Germany | 4.8 | 4.0 | 7.4 | 8.5 | 21.0% |
| Spain | 0.4 | 0.3 | 1.5 | 7.6 | 166.8% |
| Poland | 0.1 | 0.1 | 0.4 | 1.6 | 152.0% |
| France | 16.5 | 17.6 | 4.5 | 0.8 | -63.5% |
| Turkey | 0.1 | 0.1 | 0.1 | 0.7 | 91.3% |
| Others | 1.2 | 1.0 | 1.5 | 0.8 | -12.6% |
| Total | 29.5 | 29.4 | 30.8 | 48.1 | 17.7% |
Top Suppliers of Glass Closure to Italy in 2022:
- Germany (6.6K tons)
- Spain (5.0K tons)
- China (3.6K tons)
- Czech Republic (1.4K tons)
- Poland (0.8K tons)
- Turkey (0.4K tons)
- France (0.2K tons)
Glass Closure Exports in Italy
After three years of growth, shipments abroad of glass stoppers, lids and other closures decreased by -69.1% to 1.3K tons in 2022. Over the period under review, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, the exports attained the peak of 4K tons, and then reduced remarkably in the following year.
In value terms, glass closure exports contracted dramatically to $5M in 2022. Overall, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports reached the peak of $24M, and then reduced dramatically in the following year.
| Export of Glass Closure in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.1 | 0.6 | 0.9 | 0.8 | -10.1% |
| Netherlands | 0.1 | 0.2 | 0.3 | 0.7 | 91.3% |
| France | 0.8 | 0.6 | 1.2 | 0.6 | -9.1% |
| Croatia | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Austria | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Greece | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Hungary | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Tunisia | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Japan | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Spain | 6.9 | 9.4 | 13.2 | 0.1 | -75.6% |
| Belgium | 6.7 | 5.5 | 4.2 | N/A | -20.8% |
| United Kingdom | 0.9 | 1.1 | 0.1 | N/A | -66.7% |
| Others | 1.4 | 1.6 | 3.5 | 1.4 | 0.0% |
| Total | 18.9 | 19.8 | 24.4 | 5.0 | -35.8% |
Top Export Markets for Glass Closure from Italy in 2022:
- Germany (320.8 tons)
- Netherlands (194.8 tons)
- France (174.3 tons)
- Austria (100.8 tons)
- Croatia (62.2 tons)
- Tunisia (57.0 tons)
- Portugal (43.7 tons)
- Greece (33.4 tons)
- Japan (29.3 tons)
- Hungary (19.0 tons)
- Spain (12.2 tons)
- United Kingdom (2.7 tons)
- Belgium (2.2 tons)
This report provides an in-depth analysis of the glass closure market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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