Eastern Europe: Glass Closure Market 2024

Glass Closure Market Size in Eastern Europe

The East European glass closure market rose significantly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Glass Closure Production in Eastern Europe

In value terms, glass closure production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Glass Closure Exports

Exports in Eastern Europe

In 2022, shipments abroad of glass stoppers, lids and other closures increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, glass closure exports dropped modestly to $X in 2022. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, the Czech Republic (X tons) was the main exporter of glass stoppers, lids and other closures, mixing up X% of total exports. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by Belarus (X%) and Russia (X%). Slovakia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass closure exports from the Czech Republic stood at X%. At the same time, Slovakia (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, Poland (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.), Belarus (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) and Poland (X p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X) remains the largest glass closure supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In the Czech Republic, glass closure exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, falling by X% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass closure export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Glass Closure Imports

Imports in Eastern Europe

In 2022, overseas purchases of glass stoppers, lids and other closures decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, glass closure imports contracted to $X in 2022. In general, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Romania (X tons), Russia (X tons) and the Czech Republic (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Poland (X tons), comprising a X% share of total imports. The following importers - Belarus (X tons) and Hungary (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Russia ($X) and Romania ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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