Glass Container Market Overview in Belarus
In value terms, glass container production soared to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a tangible increase from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The value of the glass container market in Belarus skyrocketed to $ in 2019, with an increase 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.