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Republic of Korea - 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 South Korea - 2022
Contents:
- Price for Glass Bottle, Jar and Container in South Korea (CIF) - 2022
- Price for Glass Bottle, Jar and Container in South Korea (FOB) - 2022
- Imports of Glass Bottle, Jar and Container in South Korea
- Exports of Glass Bottle, Jar and Container in South Korea
Price for Glass Bottle, Jar and Container in South Korea (CIF) - 2022
The average import price for bottles, jars and other containers of glass stood at $542 per thousand units in December 2022, falling by -17.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 30% m-o-m. Over the period under review, average import prices attained the maximum at $735 per thousand units in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1.1 per unit), while the price for China ($405 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Bottle, Jar and Container in South Korea (FOB) - 2022
In December 2022, the average export price for bottles, jars and other containers of glass amounted to $587 per thousand units, increasing by 63% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $657 per thousand units in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Thailand ($3.1 per unit), while the average price for exports to Indonesia ($267 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Bottle, Jar and Container in South Korea
In 2022, purchases abroad of bottles, jars and other containers of glass decreased by -9.5% to 84M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 93M units, and then shrank in the following year.
In value terms, glass bottle, jar and container imports declined to $69M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40%. As a result, imports reached the peak of $80M, and then declined in the following year.
Import of Glass Bottle, Jar and Container in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 28.7 | 30.1 | 45.3 | 38.7 | 10.5% |
Japan | 9.4 | 11.7 | 13.9 | 11.8 | 7.9% |
France | 2.3 | 1.5 | 2.0 | 1.7 | -9.6% |
Italy | 1.3 | 1.5 | 1.8 | 1.5 | 4.9% |
Taiwan (Chinese) | 0.8 | 0.9 | 0.6 | 0.6 | -9.1% |
Others | 8.9 | 11.6 | 16.4 | 14.1 | 16.6% |
Total | 51.4 | 57.3 | 79.9 | 68.6 | 10.1% |
Top Suppliers of Glass Bottle, Jar and Container to South Korea in 2022:
- China (70.3M units)
- Japan (5.2M units)
- Italy (1.9M units)
- France (1.5M units)
- Taiwan (Chinese) (1.4M units)
Exports of Glass Bottle, Jar and Container in South Korea
In 2022, after two years of decline, there was significant growth in overseas shipments of bottles, jars and other containers of glass, when their volume increased by 13% to 24M units. Over the period under review, exports, however, continue to indicate a abrupt decrease. The exports peaked at 30M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, glass bottle, jar and container exports amounted to $58M in 2022. In general, exports, however, showed a slight decline. The exports peaked at $61M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Glass Bottle, Jar and Container in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 24.1 | 24.5 | 22.5 | 21.6 | -3.6% |
Australia | 10.3 | 9.3 | 8.1 | 8.4 | -6.6% |
Thailand | 0.6 | 1.7 | 3.1 | 2.9 | 69.1% |
France | 2.7 | 2.1 | 3.0 | 2.8 | 1.2% |
Indonesia | 2.3 | 2.6 | 2.5 | 2.3 | 0.0% |
United Kingdom | 3.4 | 2.2 | 0.8 | 2.0 | -16.2% |
Vietnam | 2.3 | 1.8 | 2.0 | 1.9 | -6.2% |
Canada | 0.7 | 1.3 | 1.3 | 1.2 | 19.7% |
Others | 14.6 | 13.3 | 14.5 | 15.3 | 1.6% |
Total | 61.0 | 58.8 | 57.8 | 58.3 | -1.5% |
Top Export Markets for Glass Bottle, Jar and Container from South Korea in 2022:
- United States (11.7M units)
- Australia (4.9M units)
- Thailand (2.4M units)
- Indonesia (1.3M units)
- Canada (0.8M units)
- United Kingdom (0.6M units)
- France (0.5M units)
- Vietnam (0.4M units)
This report provides an in-depth analysis of the market for glass bottle, jar and container in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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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