Glass Container Market Overview in Armenia
In value terms, glass container production fell significantly to $ in 2019 estimated in export prices. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
The value of the glass container market in Armenia contracted significantly to $ in 2019, declining 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). In general, consumption showed a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the market value increased by % against the previous year. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.