Philippines - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Closure Price in the Philippines - 2023
Contents:
- Glass Closure Price in the Philippines (CIF) - 2022
- Glass Closure Price in the Philippines (FOB) - 2022
- Glass Closure Imports in the Philippines
- Glass Closure Exports in the Philippines
Glass Closure Price in the Philippines (CIF) - 2022
The average glass closure import price stood at $4,056 per ton in 2022, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of 76% against the previous year. The import price peaked at $8,910 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($4,058 per ton) and Italy ($4,057 per ton), while the price for Malaysia ($4,056 per ton) and China ($4,056 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Glass Closure Price in the Philippines (FOB) - 2022
In 2022, the average glass closure export price amounted to $7,082 per ton, falling by -36.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 102%. Over the period under review, the average export prices hit record highs at $11,206 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +227.9% per year.
Glass Closure Imports in the Philippines
Glass closure imports into the Philippines surged to 47 tons in 2022, growing by 84% compared with the previous year's figure. Over the period under review, imports, however, showed a deep contraction.
In value terms, glass closure imports soared to $191K in 2022. In general, imports, however, continue to indicate a noticeable curtailment.
Import of Glass Closure in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 86.3 | 14.8 | 55.8 | 132 | 15.2% |
Singapore | 12.9 | 6.4 | 1.0 | 13.7 | 2.0% |
Japan | 29.1 | 10.6 | 10.0 | 11.3 | -27.0% |
Italy | 1.0 | 1.3 | 3.2 | 8.7 | 105.7% |
Taiwan (Chinese) | 12.8 | 8.5 | 5.9 | 5.7 | -23.6% |
Malaysia | 14.3 | 12.2 | 9.7 | 4.6 | -31.5% |
France | 0.6 | 0.3 | 0.1 | 4.3 | 92.8% |
Germany | 14.6 | 2.0 | 1.1 | 0.6 | -65.5% |
Indonesia | 28.6 | 7.6 | 1.9 | 0.2 | -80.9% |
Others | 16.0 | 16.9 | 14.4 | 9.0 | -17.5% |
Total | 216 | 80.6 | 103 | 191 | -4.0% |
Top Suppliers of Glass Closure to the Philippines in 2022:
- China (32.6 tons)
- Singapore (3.4 tons)
- Japan (2.8 tons)
- Italy (2.1 tons)
- Taiwan (Chinese) (1.4 tons)
- France (1.1 tons)
- Malaysia (1.1 tons)
- Germany (0.2 tons)
- Indonesia (0.1 tons)
Glass Closure Exports in the Philippines
Glass closure exports from the Philippines contracted dramatically to 453 kg in 2022, reducing by -59.9% against the year before. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of 104% against the previous year.
In value terms, glass closure exports fell sharply to $3.2K in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 53%.
Export of Glass Closure in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 0.8 | 1.8 | 9.3 | 3.2 | 58.7% |
Spain | N/A | 4.5 | N/A | N/A | 0% |
Malaysia | 1.7 | 1.8 | 1.8 | N/A | 2.9% |
India | 2.1 | N/A | N/A | N/A | 0% |
Indonesia | 1.1 | 1.1 | 1.2 | N/A | 4.4% |
Others | 0.4 | 0.3 | 0.3 | N/A | -13.4% |
Total | 6.2 | 9.5 | 12.6 | 3.2 | -19.8% |
Top Export Markets for Glass Closure from the Philippines in 2022:
- Japan (453.0 kg)
This report provides an in-depth analysis of the glass closure market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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.
-
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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