MERCOSUR: Glass Closure Market 2024

Glass Closure Market Size in MERCOSUR

The MERCOSUR glass closure market declined slightly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Closure Production in MERCOSUR

In value terms, glass closure production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Glass Closure Exports

Exports in MERCOSUR

In 2022, overseas shipments of glass stoppers, lids and other closures increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, glass closure exports amounted to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia represented the key exporter of glass stoppers, lids and other closures in MERCOSUR, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X tons) and Peru (X tons), together achieving a X% share of total exports. Chile (X kg) followed a long way behind the leaders.

Exports from Colombia increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) and Peru (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. Colombia (X p.p.), Brazil (X p.p.), Peru (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Colombia ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of X%, saw 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 export price in MERCOSUR stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, saw pronounced growth. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Glass Closure Imports

Imports in MERCOSUR

In 2022, after five years of growth, there was significant decline in supplies from abroad of glass stoppers, lids and other closures, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank dramatically in the following year.

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

Imports by Country

In 2022, Brazil (X tons) was the key importer of glass stoppers, lids and other closures, achieving X% of total imports. It was distantly followed by Colombia (X tons), constituting a X% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the glass stoppers, lids and other closures imports, with a CAGR of X% from 2012 to 2022. At the same time, Ecuador (X%) and Colombia (X%) displayed positive paces of growth. Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported glass stoppers, lids and other closures in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Ecuador (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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