Ireland: Glass Closure Market 2024

Glass Closure Market Size in Ireland

The Irish glass closure market totaled $X in 2022, approximately equating the previous year. In general, the total consumption indicated buoyant growth 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Glass Closure Production in Ireland

In value terms, glass closure production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable 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 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Glass Closure Exports

Exports from Ireland

In 2022, overseas shipments of glass stoppers, lids and other closures increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass closure exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons), Mauritius (X kg) and the United States (X kg) were the main destinations of glass closure exports from Ireland, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Mauritius ($X) and the United States ($X) appeared to be the largest markets for glass closure exported from Ireland worldwide, together accounting for X% of total exports.

Among the main countries of destination, Italy, with a CAGR of X.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass closure export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Closure Imports

Imports into Ireland

Glass closure imports into Ireland fell markedly to X tons in 2022, waning by X% against 2021. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, glass closure imports dropped to $X in 2022. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest glass closure supplier to Ireland, with a X% share of total imports. Moreover, glass closure imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Italy ($X) constituted the largest supplier of glass stoppers, lids and other closures to Ireland, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Austria (X% per year).

Import Prices by Country

The average glass closure import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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