Philippines: Glass Container Market Overview 2021

Glass Container Market Size in the Philippines

The Philippine glass container market surged to $X in 2019, increasing by X% against the previous year. Over the period under review, consumption posted a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glass Container Production in the Philippines

In value terms, glass container production soared to $X in 2019 estimated in export prices. In general, production showed a resilient increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Glass Container Exports

Exports from the Philippines

In 2019, overseas shipments of bottles, jars and other containers of glass increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X units in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, glass container exports soared to $X in 2019. In general, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X units), Australia (X units) and Viet Nam (X units) were the main destinations of glass container exports from the Philippines, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in the U.S., while shipments for the other leaders experienced a decline.

In value terms, the largest markets for glass container exported from the Philippines were the U.S. ($X), Australia ($X) and Viet Nam ($X), together comprising X% of total exports.

The U.S. saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average glass container export price stood at $X per unit in 2019, rising by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. Over the period under review, average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2019, the countries with the highest prices were Viet Nam ($X per unit) and Indonesia ($X per unit), while the average price for exports to Australia ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Glass Container Imports

Imports into the Philippines

Glass container imports into the Philippines was estimated at X units in 2019, remaining stable against 2018. Over the period under review, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. As a result, imports reached the peak of X units. From 2017 to 2019, the growth imports failed to regain the momentum.

In value terms, glass container imports reduced modestly to $X in 2019. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2018, and then fell modestly in the following year.

Imports by Country

In 2019, China (X units) constituted the largest supplier of glass container to the Philippines, with a X% share of total imports. Moreover, glass container imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sixfold. Saudi Arabia (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Saudi Arabia (+X% per year).

In value terms, China ($X) constituted the largest supplier of glass container to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Viet Nam, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Viet Nam (+X% per year).

Import Prices by Country

In 2019, the average glass container import price amounted to $X per unit, dropping by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined modestly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bottles, jars and other containers of glass in the world?

+

China (99B units) constituted the country with the largest volume of glass container consumption, accounting for 21% of total volume. Moreover, glass container consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (37B units), threefold. Italy (27B units) ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of bottles, jars and other containers of glass in the world?

+

China (101B units) constituted the country with the largest volume of glass container production, accounting for 21% of total volume. Moreover, glass container production in China exceeded the figures recorded by the second-largest producer, the U.S. (35B units), threefold. Italy (27B units) ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of bottles, jars and other containers of glass to the Philippines?

+

In value terms, China ($64M) constituted the largest supplier of glass container to the Philippines, comprising 56% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($12M), with a 11% share of total imports. It was followed by Viet Nam, with a 9.2% share.

What are the leading importers of bottles, jars and other containers of glass from the Philippines?

+

In value terms, the largest markets for glass container exported from the Philippines were the U.S. ($4.6M), Australia ($3.5M) and Viet Nam ($472K), with a combined 91% share of total exports.

What is the average export price for bottles, jars and other containers of glass in the Philippines?

+

In 2019, the average glass container export price amounted to $0.7 per unit, jumping by 45% against the previous year.

What is the average import price for bottles, jars and other containers of glass in the Philippines?

+

In 2019, the average glass container import price amounted to $0.6 per unit, waning by -2.8% against the previous year.