ASEAN: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in ASEAN

The ASEAN metal crown cork market stood at $X in 2023, remaining constant against the previous year. Overall, consumption showed a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Metal Crown Cork Production in ASEAN

In value terms, metal crown cork production rose modestly to $X in 2023 estimated in export price. Overall, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Metal Crown Cork Exports

Exports in ASEAN

In 2023, overseas shipments of iron or steel crown corks increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, metal crown cork exports stood at $X in 2023. In general, exports, however, saw a slight setback. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Thailand prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. Vietnam (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the iron or steel crown corks exports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%) displayed positive paces of growth. From 2012 to 2023, the share of Thailand increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest metal crown cork supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Thailand was relatively modest.

Export Prices by Country

The export price in ASEAN stood at $X per thousand units in 2023, stabilizing at the previous year. Overall, the export price, however, showed a pronounced decline. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per thousand units in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per thousand units), while Thailand stood at $X per thousand units.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Metal Crown Cork Imports

Imports in ASEAN

In 2023, the amount of iron or steel crown corks imported in ASEAN reduced to X units, declining by X% compared with the previous year's figure. Over the period under review, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, metal crown cork imports fell significantly to $X in 2023. Overall, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Lao People's Democratic Republic (X units) and Myanmar (X units) represented the largest importers of iron or steel crown corks in 2023, finishing at approx. X% and X% of total imports, respectively. Indonesia (X units) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%), Cambodia (X%) and the Philippines (X%).

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Lao People's Democratic Republic ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per thousand units in 2023, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per thousand units, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per thousand units), while Lao People's Democratic Republic ($X per thousand units) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform