Singapore: Glass Container Market Overview 2021

Glass Container Market Size in Singapore

The Singaporean glass container market reached $X in 2019, surging by X% against the previous year. In general, the total consumption indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. Glass container consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Glass Container Production in Singapore

In value terms, glass container production expanded significantly to $X in 2019 estimated in export prices. In general, the total production indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2019, production growth remained at a somewhat lower figure.

Glass Container Exports

Exports from Singapore

In 2019, the amount of bottles, jars and other containers of glass exported from Singapore amounted to X units, increasing by X% compared with 2018. In general, exports, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Exports peaked at X units in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, glass container exports rose notably to $X in 2019. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

Indonesia (X units), Malaysia (X units) and Papua New Guinea (X units) were the main destinations of glass container exports from Singapore, together comprising X% of total exports. China, South Korea, Hong Kong SAR and Japan lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in South Korea (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass container exported from Singapore were Indonesia ($X), Malaysia ($X) and Papua New Guinea ($X), with a combined X% share of total exports. These countries were followed by China, South Korea, Hong Kong SAR and Japan, which together accounted for a further X terms of the main countries of destination, South Korea (+X% per year) 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 average glass container export price stood at $X per unit in 2019, growing by X% against the previous year. In general, export price indicated temperate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, glass container export price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2019, the countries with the highest prices were Papua New Guinea ($X per unit) and Indonesia ($X per unit), while the average price for exports to China ($X per unit) and South Korea ($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 Papua New Guinea, while the prices for the other major destinations experienced more modest paces of growth.

Glass Container Imports

Imports into Singapore

Glass container imports into Singapore was estimated at X units in 2019, approximately equating the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked at X units in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, glass container imports expanded remarkably to $X in 2019. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2017 to 2019, the growth imports failed to regain the momentum.

Imports by Country

China (X units), Malaysia (X units) and South Korea (X units) were the main suppliers of glass container imports to Singapore, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass container suppliers to Singapore were China ($X), Malaysia ($X) and South Korea ($X), together accounting for X% of total imports.

South Korea recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass container import price stood at $X per unit in 2019, picking up by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per unit in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Japan ($X per unit) and Thailand ($X per unit), while the price for Malaysia ($X per unit) and China ($X per unit) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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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?

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China (101B units) remains the largest glass container producing country worldwide, 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. The third position in this ranking was occupied by Italy (27B units), with a 5.6% share.

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

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In value terms, the largest glass container suppliers to Singapore were China ($8.2M), Malaysia ($7.3M) and South Korea ($2.1M), with a combined 68% share of total imports.

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

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In value terms, Indonesia ($2.4M), Malaysia ($2.2M) and Papua New Guinea ($910K) constituted the largest markets for glass container exported from Singapore worldwide, with a combined 70% share of total exports. China, South Korea, Hong Kong SAR and Japan lagged somewhat behind, together comprising a further 21%.

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

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In 2019, the average glass container export price amounted to $0.7 per unit, surging by 6.4% against the previous year.

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

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The average glass container import price stood at $0.8 per unit in 2019, picking up by 5.7% against the previous year.