Glass Container Market Overview in Thailand
In value terms, glass container production soared to $ in 2018 estimated in export prices. Over the period under review, the total production indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production increased by +% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The size of the glass container market in Thailand rose sharply to $ in 2018, 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 +% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the market value increased by % y-o-y. Glass container consumption peaked at $ in 2014; however, from 2015 to 2018, consumption failed to regain the momentum.