Glass Container Market Overview in Moldova
Market Overview
In 2019, the Moldovan glass container market increased by 
% to $, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Glass container consumption peaked in 2019 and is expected to retain growth in years to come.
In value terms, glass container production rose significantly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Glass container production peaked at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
% to $, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Glass container consumption peaked in 2019 and is expected to retain growth in years to come.In value terms, glass container production rose significantly to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Glass container production peaked at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, after two years of decline, there was significant growth in consumption of bottles, jars and other containers of glass, when its volume increased by % to units. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. As a result, consumption attained the peak volume of units. From 2014 to 2019, the growth of the consumption remained at a lower figure.
The revenue of the glass container market in Moldova stood at $ in 2019, surging by % 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 +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by % year-to-year. Glass container consumption peaked in 2019 and is likely to continue growth in the immediate term.
% to units. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. As a result, consumption attained the peak volume of units. From 2014 to 2019, the growth of the consumption remained at a lower figure.The revenue of the glass container market in Moldova stood at $
in 2019, surging by % 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 +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by % year-to-year. Glass container consumption peaked in 2019 and is likely to continue growth in the immediate term.Market Forecast
The glass container market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eleven-year period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the eleven-year period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
Over the period under review, the share of imports in terms of total glass container consumption in Moldova was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Moldova glass container market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the Moldova glass container market is largely supplied by domestic manufacturers.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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