Glass Container Market Overview in Australia and Oceania

For the third consecutive year, the glass container market in Australia and Oceania recorded decline in sales value, which decreased by -% to $ in 2019. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.

In value terms, glass container production fell significantly to $ in 2019 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. As a result, production attained the peak level of $. From 2017 to 2019, production growth failed to regain the momentum.

Australia ( units) constituted the country with the largest volume of glass container production, comprising approx. % of total volume. Moreover, glass container production in Australia exceeded the figures recorded by the second-largest producer, New Zealand ( units), sixfold.

In Australia, glass container production increased at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: New Zealand (+% per year) and Papua New Guinea (+% per year).

Glass container consumption shrank modestly to units in 2019, declining by -% against 2018. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. As a result, consumption attained the peak volume of units, and then fell slightly in the following year.

The revenue of the glass container market in Australia and Oceania reduced markedly to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2017 to 2019, the growth of the market remained at a lower figure.

Australia ( units) remains the largest glass container consuming country in Australia and Oceania, comprising approx. % of total volume. Moreover, glass container consumption in Australia exceeded the figures recorded by the second-largest consumer, New Zealand ( units), fivefold.

In Australia, glass container consumption expanded at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: New Zealand (+% per year) and Papua New Guinea (+% per year).

In value terms, Australia ($) led the market, alone. The second position in the ranking was occupied by Papua New Guinea ($).

In Australia, the glass container market remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Papua New Guinea (+% per year) and New Zealand (+% per year).

The countries with the highest levels of glass container per capita consumption in 2019 were Australia ( units per person), New Zealand ( units per person) and Papua New Guinea ( units per person).

From 2007 to 2019, the biggest increases were in New Zealand, while glass container per capita consumption for the other leaders experienced mixed trends in the per capita consumption figures.

Driven by increasing demand for glass container in Australia and Oceania, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .