Europe: Glass Closure Market 2024

Glass Closure Market Size in Europe

The Europe glass closure market expanded significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Glass Closure Production in Europe

In value terms, glass closure production skyrocketed to $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Glass Closure Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of glass stoppers, lids and other closures, when their volume decreased by X% to X tons. Total exports indicated a moderate increase 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. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, glass closure exports fell markedly to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

In 2022, Austria (X tons), distantly followed by France (X tons), the Czech Republic (X tons), Italy (X tons), Germany (X tons) and the Netherlands (X tons) represented the key exporters of glass stoppers, lids and other closures, together creating X% of total exports. Spain (X tons) followed a long way behind the leaders.

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

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

In the Czech Republic, glass closure exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Austria (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, rising by X% against the previous year. Export price indicated a temperate increase 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. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; afterwards, it flattened through to 2022.

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 ($X per ton), while Austria ($X per ton) was amongst the lowest.

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

Glass Closure Imports

Imports in Europe

In 2022, after five years of growth, there was significant decline in overseas purchases of glass stoppers, lids and other closures, when their volume decreased by X% to X tons. In general, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, glass closure imports contracted sharply to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, Italy (X tons), distantly followed by Romania (X tons), Russia (X tons), the Czech Republic (X tons), France (X tons), Spain (X tons), Germany (X tons), the Netherlands (X tons) and the UK (X tons) were the key importers of glass stoppers, lids and other closures, together constituting X% of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), the Czech Republic (X%), the Netherlands (X%), Spain (X%), the UK (X%), Russia (X%) and France (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania, the Czech Republic, the Netherlands, Italy and Spain increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glass closure importing markets in Europe were Italy ($X), France ($X) and Germany ($X), together accounting for X% of total imports. Spain, the Netherlands, the Czech Republic, Russia, the UK and Romania lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 Europe stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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