Italy: Glass Closure Market 2024

Glass Closure Market Size in Italy

In 2023, the Italian glass closure market decreased by X% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption saw a slight shrinkage. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Glass Closure Production in Italy

In value terms, glass closure production declined to $X in 2023 estimated in export price. In general, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. Glass closure production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Glass Closure Exports

Exports from Italy

In 2023, overseas shipments of glass stoppers, lids and other closures decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, showed a notable increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, glass closure exports fell to $X in 2023. Over the period under review, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and Croatia (X tons) were the main destinations of glass closure exports from Italy, together accounting for X% of total exports. The United States, Sweden, Greece, Japan, Spain, the Netherlands, Tunisia, Belgium, Poland and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for glass closure exported from Italy were Germany ($X), France ($X) and Croatia ($X), with a combined X% share of total exports. The United States, Sweden, Spain, Greece, Japan, the Netherlands, Belgium, Poland, Tunisia and the UK lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the average glass closure export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Italy

In 2023, the amount of glass stoppers, lids and other closures imported into Italy surged to X tons, growing by X% on the previous year. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass closure imports soared to $X in 2023. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Germany (X tons) constituted the largest glass closure supplier to Italy, accounting for a X% share of total imports. Moreover, glass closure imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

In value terms, the largest glass closure suppliers to Italy were the Czech Republic ($X), Germany ($X) and China ($X), together accounting for X% of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 closure import price stood at $X per ton in 2023, standing approx. at the previous year. Overall, the import price, however, saw a mild reduction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Spain ($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 more modest paces of growth.

Source: IndexBox Platform