Global Metal Crown Cork Market 2024

Metal Crown Cork Market Size

In 2022, the global metal crown cork market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Global consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production

In value terms, metal crown cork production reached $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, global production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Metal Crown Cork Exports

Exports

In 2022, shipments abroad of iron or steel crown corks increased by X% to X units, rising for the second year in a row after four years of decline. In general, exports, however, continue to indicate a slight downturn. Over the period under review, the global exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal crown cork exports soared to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The global exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy was the main exporting country with an export of about X units, which recorded X% of total exports. Mexico (X units) took the second position in the ranking, followed by Germany (X units), France (X units) and Kenya (X units). All these countries together held approx. X% share of total exports. The following exporters - Saudi Arabia (X units), South Africa (X units), India (X units), Spain (X units), Colombia (X units), Egypt (X units) and Belarus (X units) - together made up X% of total exports.

Italy experienced a relatively flat trend pattern with regard to volume of exports of iron or steel crown corks. At the same time, Saudi Arabia (X%), South Africa (X%), Egypt (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Belarus, Germany and Colombia experienced a relatively flat trend pattern. By contrast, France (X%), Mexico (X%), India (X%) and Spain (X%) illustrated a downward trend over the same period. Italy (X p.p.), Saudi Arabia (X p.p.), Germany (X p.p.), Kenya (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the global exports, while Spain and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest metal crown cork supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Mexico ($X), with a X% share of global exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy stood at X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Germany (X% per year).

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per thousand units), while Belarus ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Metal Crown Cork Imports

Imports

In 2022, purchases abroad of iron or steel crown corks increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports saw a relatively flat trend pattern. Over the period under review, global imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal crown cork imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X units), distantly followed by Spain (X units) and the Netherlands (X units) represented the key importers of iron or steel crown corks, together committing X% of total imports. The UK (X units), France (X units), Germany (X units), the United States (X units), Tanzania (X units), Colombia (X units), Ethiopia (X units), Denmark (X units), Austria (X units) and Portugal (X units) took a little share of total imports.

Belgium was also the fastest-growing in terms of the iron or steel crown corks imports, with a CAGR of X% from 2012 to 2022. At the same time, the UK (X%), Colombia (X%), Tanzania (X%), Spain (X%), Ethiopia (X%) and France (X%) displayed positive paces of growth. Austria and Portugal experienced a relatively flat trend pattern. By contrast, Denmark (X%), the Netherlands (X%), Germany (X%) and the United States (X%) illustrated a downward trend over the same period. Belgium (X p.p.), Spain (X p.p.) and the UK (X p.p.) significantly strengthened its position in terms of the global imports, while Germany and the United States saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel crown corks worldwide, comprising X% of global imports. The second position in the ranking was held by Spain ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the United States, metal crown cork imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Spain (X% per year) and the UK (X% per year).

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Global import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per thousand units), while Belgium ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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