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Latvia - Bottles, Jars And Other Containers Of Glass - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Bottle, Jar and Container in Latvia - 2023
Contents:
- Price for Glass Bottle, Jar and Container in Latvia (CIF) - 2023
- Price for Glass Bottle, Jar and Container in Latvia (FOB) - 2022
- Imports of Glass Bottle, Jar and Container in Latvia
- Exports of Glass Bottle, Jar and Container in Latvia
Price for Glass Bottle, Jar and Container in Latvia (CIF) - 2023
The average import price for bottles, jars and other containers of glass stood at $150 per thousand units in September 2023, shrinking by -12.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 22% m-o-m. As a result, import price reached the peak level of $0.2 per unit. From March 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Poland ($270 per thousand units), while the price for Belarus ($89.0 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Estonia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Bottle, Jar and Container in Latvia (FOB) - 2022
In 2022, the average export price for bottles, jars and other containers of glass amounted to $0.2 per unit, surging by 32% against the previous year. Over the period under review, export price indicated a significant increase from 2020 to 2022: its price increased at an average annual rate of +21.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass bottle, jar and container export price increased by +46.6% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($0.3 per unit), while the average price for exports to Ukraine (less than $0.1 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+61.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Bottle, Jar and Container in Latvia
For the fourth year in a row, Latvia recorded growth in overseas purchases of bottles, jars and other containers of glass, which increased by 6.4% to 212M units in 2022. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, glass bottle, jar and container imports surged to $42M in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Glass Bottle, Jar and Container in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Estonia | 12.5 | 14.8 | 16.5 | 14.9% | |
Lithuania | 8.4 | 8.2 | 10.7 | 12.9% | |
Russia | 1.1 | 1.4 | 3.7 | 83.4% | |
Belarus | 1.7 | 1.6 | 1.9 | 5.7% | |
Ukraine | 1.4 | 1.4 | 1.4 | 0.0% | |
Germany | 0.9 | 0.6 | 1.2 | 15.5% | |
China | 0.7 | 1.1 | 0.8 | 6.9% | |
Others | 4.4 | 5.1 | 5.9 | 15.8% | |
Total | 31.1 | 34.1 | 42.1 | 16.3% |
Top Suppliers of Glass Bottle, Jar and Container to Latvia in 2022:
- Estonia (79.4M units)
- Lithuania (55.6M units)
- Russia (29.5M units)
- Belarus (15.8M units)
- Ukraine (9.5M units)
- China (5.1M units)
- Germany (4.9M units)
Exports of Glass Bottle, Jar and Container in Latvia
In 2022, the amount of bottles, jars and other containers of glass exported from Latvia soared to 23M units, with an increase of 88% compared with 2021 figures. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, glass bottle, jar and container exports soared to $4.4M in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Glass Bottle, Jar and Container in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Estonia | 1,221 | 1,247 | 1,894 | 24.5% | |
Lithuania | 452 | 442 | 1,269 | 67.6% | |
Poland | 189 | 12.6 | 944 | 123.5% | |
Russia | 67.0 | 64.1 | 227 | 84.1% | |
Denmark | 7.0 | N/A | 18.3 | 61.7% | |
Armenia | N/A | N/A | 2.5 | 0% | |
Ukraine | N/A | N/A | 1.3 | 0% | |
Others | 42.9 | 19.0 | 64.8 | 22.9% | |
Total | 1,979 | 1,784 | 4,421 | 49.5% |
Top Export Markets for Glass Bottle, Jar and Container from Latvia in 2022:
- Estonia (7.5M units)
- Lithuania (5.0M units)
- Poland (3.7M units)
- Denmark (2.8M units)
- Armenia (1.9M units)
- Ukraine (1.2M units)
- Russia (0.9M units)
This report provides an in-depth analysis of the market for glass bottle, jar and container in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23131120 - Containers made from tubing of glass (excluding preserving jars)
- Prodcom 23131130 - Glass containers of a nominal capacity . 2,5 litres (excluding preserving jars)
- Prodcom 23131140 - Bottles of colourless glass of a nominal capacity < 2,5 litres, f or beverages and foodstuffs (excluding bottles covered with leather or composition leather, infant
- Prodcom 23131150 - Bottles of coloured glass of a nominal capacity < 2,5 litres, for beverages and foodstuffs (excluding bottles covered with leather or composition leather, infant
- Prodcom 23131160 - Glass containers for beverages and foodstuffs of a nominal capacity < 2,5 litres (excluding bottles, flasks covered with leather or composition leather, domestic glassware, vacuum flasks and vessels)
- Prodcom 23131170 - Glass containers for pharmaceutical products of a nominal capacity < 2,5 litres
- Prodcom 23131180 - Glass containers of a nominal capacity < 2,5 litres for the conveyance or packing of goods (excluding for beverages and foodstuffs, for pharmaceutical products, containers made from glass tubing)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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