China - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in China - 2023
Contents:
- Base Metal Closure Price in China (FOB) - 2023
- Base Metal Closure Price in China (CIF) - 2023
- Base Metal Closure Exports in China
- Base Metal Closure Imports in China
Base Metal Closure Price in China (FOB) - 2023
In June 2023, the average base metal closure export price amounted to $4,464 per ton, leveling off at the previous month. Over the period under review, the export price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in December 2022 an increase of 8.7% month-to-month. The export price peaked at $5,208 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($6,395 per ton), while the average price for exports to Tunisia ($2,110 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Price in China (CIF) - 2023
In June 2023, the average base metal closure import price amounted to $19,007 per ton, rising by 6% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 25% month-to-month. The import price peaked at $20,688 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($25,765 per ton), while the price for Malaysia ($2,997 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Closure Exports in China
In 2022, base metal closure exports from China skyrocketed to 286K tons, with an increase of 24% against the previous year. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, base metal closure exports skyrocketed to $1.5B in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 50%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
Export of Base Metal Closure in China (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 80.5 | 131 | 215 | 193 | 33.8% |
Vietnam | 49.6 | 62.0 | 71.8 | 114 | 32.0% |
Thailand | 39.3 | 59.0 | 70.8 | 80.2 | 26.8% |
Philippines | 30.6 | 38.0 | 53.3 | 69.9 | 31.7% |
Saudi Arabia | 9.1 | 17.4 | 30.9 | 67.6 | 95.1% |
Cambodia | 7.5 | 5.7 | 31.4 | 60.9 | 101.0% |
Russia | 16.7 | 18.5 | 17.2 | 52.7 | 46.7% |
Indonesia | 17.6 | 25.0 | 27.1 | 37.0 | 28.1% |
Malaysia | 17.0 | 16.9 | 22.4 | 34.8 | 27.0% |
Italy | 13.4 | 14.4 | 23.9 | 32.2 | 33.9% |
India | 10.8 | 11.0 | 14.9 | 24.4 | 31.2% |
Peru | 15.5 | 15.0 | 18.0 | 23.8 | 15.4% |
Tunisia | 8.9 | 4.6 | 12.7 | 21.8 | 34.8% |
Others | 310 | 301 | 471 | 679 | 29.9% |
Total | 627 | 720 | 1,080 | 1,492 | 33.5% |
Top Export Markets for Base Metal Closure from China in 2022:
- United States (26.4K tons)
- Vietnam (21.3K tons)
- Thailand (20.8K tons)
- Philippines (19.8K tons)
- Russia (16.0K tons)
- Saudi Arabia (10.7K tons)
- Indonesia (10.2K tons)
- Cambodia (10.0K tons)
- Malaysia (9.7K tons)
- Tunisia (9.1K tons)
- Peru (8.3K tons)
- Italy (6.6K tons)
- India (6.6K tons)
Base Metal Closure Imports in China
In 2022, approx. 5.4K tons of base metal closures, stoppers, caps and lids were imported into China; with a decrease of -16% compared with 2021 figures. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 2.9%.
In value terms, base metal closure imports fell to $85M in 2022. In general, imports recorded a noticeable setback. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $97M, and then reduced in the following year.
Import of Base Metal Closure in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 24.2 | 19.0 | 21.4 | 18.1 | -9.2% |
Germany | 13.3 | 13.2 | 16.3 | 14.9 | 3.9% |
United States | 9.7 | 9.9 | 11.9 | 7.9 | -6.6% |
United Kingdom | 5.2 | 4.7 | 6.1 | 6.9 | 9.9% |
South Korea | 3.8 | 4.7 | 5.2 | 4.4 | 5.0% |
Italy | 4.1 | 4.0 | 5.6 | 4.1 | 0.0% |
Taiwan (Chinese) | 4.3 | 5.0 | 6.9 | 4.1 | -1.6% |
Thailand | 2.4 | 2.2 | 2.1 | 2.1 | -4.4% |
Malaysia | 0.6 | 0.7 | 0.9 | 0.7 | 5.3% |
Singapore | 2.9 | 0.8 | 0.3 | 0.4 | -48.3% |
United Arab Emirates | 4.8 | N/A | 0.1 | N/A | -85.6% |
Others | 15.2 | 17.2 | 19.9 | 21.3 | 11.9% |
Total | 90.5 | 81.5 | 96.6 | 84.6 | -2.2% |
Top Suppliers of Base Metal Closure to China in 2022:
- Japan (1504.5 tons)
- United Kingdom (712.4 tons)
- Germany (644.9 tons)
- Thailand (478.9 tons)
- Taiwan (Chinese) (326.0 tons)
- South Korea (312.3 tons)
- Italy (310.2 tons)
- United States (290.6 tons)
- Malaysia (234.6 tons)
- Singapore (63.6 tons)
This report provides an in-depth analysis of the base metal closure market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the world's best import markets for base metal closure in 2022. Find out the key statistics and import values of the top countries. Learn about the demand drivers and growth potentials in these markets.
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Explore the world's best import markets for base metal closure in 2022. Find out the key statistics and import values of the top countries. Learn about the demand drivers and growth potentials in these markets.