Austria: Glass Closure Market 2024

Glass Closure Market Size in Austria

In 2023, the Austrian glass closure market increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Glass Closure Production in Austria

In value terms, glass closure production totaled $X in 2023 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Glass Closure Exports

Exports from Austria

In 2023, approx. X tons of glass stoppers, lids and other closures were exported from Austria; rising by X% on the year before. Overall, total exports indicated a temperate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, glass closure exports surged to $X in 2023. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for glass closure exports from Austria, with a X% share of total exports. Moreover, glass closure exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Brazil (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for glass stoppers, lids and other closures exports from Austria, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average glass closure export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Austria

In 2023, supplies from abroad of glass stoppers, lids and other closures increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, glass closure imports amounted to $X in 2023. Overall, imports saw notable growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of glass closure imports to Austria, with a combined X% share of total imports. Slovakia and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass closure suppliers to Austria were China ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of total imports. Italy and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average glass closure import price amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform