Product
Glass Jars Price Trend and Forecast
Glass Jars Price Trend and Forecast
Glass Jars Regional Price Overview
Get the latest insights on price movement and trend analysis of Glass Jars in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Glass Jars Price Trend for the Q1 of 2024
In the first quarter of 2024, the glass jar supply and prices were influenced by several factors in the North American market. During the initial phase of the quarter, the United States International Trade Commission directed towards the possibility of adding duties on imports from Mexico, Chile, and China, disrupting supply chains and escalating the prices of glass and its related commodities like glass jars. Additionally, simultaneously, the freight costs from Asia doubled, driven by the competitive rush to ship stocks to the US, and even the European market also witnessed a rise in the glass product prices.
Glass Jars Price Chart
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The domestic glass factories also supported this move of UNITC to reduce competition, but the situation limited the availability of the commodity. Further, increased demand for the commodity with the improvement of consumer goods and packaging sector further added external pressure on the already constricted supply chains, causing the glass jar prices to soar during the first quarter of 2024.
Analyst Insight
According to Procurement Resource, the price of Glass Jars is estimated to escalate in the near future as the supply shortage and exceeding demand of the commodity will widen the supply-demand gap and favor an uptrend in the prices of glass jars.
Procurement Resource provides latest prices of Glass Jars. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Glass Jars
Glass jars are containers characterized by their transparent and durable properties, typically made from silica-based materials. They come in various shapes, sizes, and designs, offering versatility for packaging a wide range of products. Glass jars provide excellent barrier properties, protecting contents from moisture, oxygen, and contaminants while preserving freshness and flavor. Their non-reactive nature makes them ideal for storing food, beverages, cosmetics, and pharmaceuticals. Additionally, glass jars are reusable, recyclable, and environmentally friendly, aligning with consumer preferences for sustainable packaging options.
Glass Jars Product Details
| Report Features | Details |
| Product Name | Glass Jars |
| HS Code | 70109000 |
| Industrial Uses | Packaging, Cosmetics, Pharmaceuticals |
| Supplier Database | Ardagh Packaging Group Plc, Owens Illinois Inc, Alpha Group, Verallia Packaging SAS, Aptar Group, AGI Glasspack Ltd |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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