Central Asia: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Central Asia

The Central Asian metal crown cork market contracted slightly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Metal Crown Cork Production in Central Asia

In value terms, metal crown cork production expanded significantly to $X in 2023 estimated in export price. In general, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Metal Crown Cork Exports

Exports in Central Asia

In 2023, exports of iron or steel crown corks in Central Asia soared to X units, increasing by X% against 2022. In general, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in years to come.

In value terms, metal crown cork exports surged to $X in 2023. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Kazakhstan (X units), together recording X% of total export.

Kazakhstan was also the fastest-growing in terms of the iron or steel crown corks exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest metal crown cork supplier in Central Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan totaled X%.

Export Prices by Country

The export price in Central Asia stood at $X per thousand units in 2023, rising by X% against the previous year. Export price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal crown cork export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per thousand units in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Metal Crown Cork Imports

Imports in Central Asia

In 2023, after two years of growth, there was significant decline in purchases abroad of iron or steel crown corks, when their volume decreased by X% to X units. In general, imports, however, recorded a measured increase. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2022, and then reduced rapidly in the following year.

In value terms, metal crown cork imports reached $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Uzbekistan was the main importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Kazakhstan (X units), comprising a X% share of total imports. Turkmenistan (X units), Mongolia (X units) and Kyrgyzstan (X units) took a minor share of total imports.

Uzbekistan was also the fastest-growing in terms of the iron or steel crown corks imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkmenistan (X%) displayed positive paces of growth. By contrast, Kazakhstan (X%), Kyrgyzstan (X%) and Mongolia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported iron or steel crown corks in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Uzbekistan, metal crown cork imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per thousand units, increasing by X% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. Over the period under review, import prices attained the peak figure at $X per thousand units in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kyrgyzstan ($X per thousand units), while Kazakhstan ($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 Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform