Spain - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Spain - 2023
Contents:
- Base Metal Closure Price in Spain (FOB) - 2023
- Base Metal Closure Price in Spain (CIF) - 2023
- Base Metal Closure Exports in Spain
- Base Metal Closure Imports in Spain
Base Metal Closure Price in Spain (FOB) - 2023
The average base metal closure export price stood at $7,366 per ton in June 2023, rising by 2.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in April 2023 an increase of 26% month-to-month. As a result, the export price attained the peak level of $7,557 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($12,009 per ton), while the average price for exports to the Netherlands ($3,755 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 Italy (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Price in Spain (CIF) - 2023
The average base metal closure import price stood at $6,098 per ton in June 2023, shrinking by -16.2% against the previous month. In general, import price indicated slight growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, base metal closure import price decreased by -16.2% against May 2023 indices. The most prominent rate of growth was recorded in September 2022 an increase of 37% m-o-m. The import price peaked at $7,280 per ton in May 2023, and then dropped significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($11,713 per ton), while the price for Portugal ($3,685 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 Germany (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Closure Exports in Spain
In 2022, after three years of growth, there was significant decline in shipments abroad of base metal closures, stoppers, caps and lids, when their volume decreased by -6.4% to 114K tons. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 8.2% against the previous year.
In value terms, base metal closure exports soared to $794M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Base Metal Closure in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 110 | 104 | 124 | 194 | 20.8% |
| United States | 61.5 | 68.5 | 88.3 | 126 | 27.0% |
| Portugal | 41.4 | 44.3 | 45.3 | 54.2 | 9.4% |
| Morocco | 42.1 | 51.2 | 49.0 | 52.0 | 7.3% |
| United Kingdom | 30.3 | 32.8 | 40.6 | 48.5 | 17.0% |
| Italy | 28.2 | 27.7 | 27.1 | 42.8 | 14.9% |
| Mexico | 13.2 | 9.1 | 25.2 | 23.1 | 20.5% |
| Greece | 10.8 | 11.7 | 16.3 | 21.9 | 26.6% |
| Netherlands | 13.2 | 16.0 | 16.8 | 18.3 | 11.5% |
| Germany | 14.4 | 14.3 | 13.9 | 17.4 | 6.5% |
| Ecuador | 7.2 | 13.4 | 16.2 | 15.8 | 29.9% |
| Turkey | 5.1 | 7.3 | 9.6 | 14.2 | 40.7% |
| Cote d'Ivoire | 7.6 | 6.8 | 9.3 | 8.6 | 4.2% |
| Others | 126 | 133 | 148 | 157 | 7.6% |
| Total | 511 | 540 | 630 | 794 | 15.8% |
Top Export Markets for Base Metal Closure from Spain in 2022:
- France (21.5K tons)
- United States (15.0K tons)
- Morocco (11.2K tons)
- Portugal (8.3K tons)
- United Kingdom (5.7K tons)
- Netherlands (5.5K tons)
- Italy (4.9K tons)
- Mexico (4.6K tons)
- Greece (3.7K tons)
- Ecuador (3.2K tons)
- Cote d'Ivoire (2.5K tons)
- Germany (2.3K tons)
- Turkey (2.1K tons)
Base Metal Closure Imports in Spain
For the third year in a row, Spain recorded decline in purchases abroad of base metal closures, stoppers, caps and lids, which decreased by -3.3% to 60K tons in 2022. In general, imports saw a abrupt downturn.
In value terms, base metal closure imports skyrocketed to $299M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Base Metal Closure in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 41.4 | 43.9 | 40.6 | 49.3 | 6.0% |
| France | 29.1 | 27.6 | 45.3 | 48.0 | 18.2% |
| Poland | 47.6 | 32.7 | 31.0 | 46.4 | -0.8% |
| Germany | 28.3 | 31.7 | 29.4 | 32.9 | 5.1% |
| Ireland | 12.7 | 20.3 | 22.5 | 25.3 | 25.8% |
| United States | 4.2 | 3.8 | 5.9 | 13.0 | 45.7% |
| Portugal | 5.3 | 5.9 | 11.0 | 12.0 | 31.3% |
| Greece | 6.5 | 7.4 | 8.9 | 10.9 | 18.8% |
| Czech Republic | 2.6 | 3.0 | 3.2 | 8.0 | 45.4% |
| China | 7.6 | 4.1 | 7.5 | 7.9 | 1.3% |
| Mexico | 3.8 | 2.4 | 1.3 | 4.5 | 5.8% |
| United Kingdom | 14.6 | 11.8 | 3.5 | 4.1 | -34.5% |
| Netherlands | 1.7 | 2.0 | 3.6 | 3.4 | 26.0% |
| Others | 14.7 | 16.8 | 27.8 | 33.7 | 31.9% |
| Total | 220 | 213 | 242 | 299 | 10.8% |
Top Suppliers of Base Metal Closure to Spain in 2022:
- Italy (13.0K tons)
- Portugal (9.5K tons)
- France (8.4K tons)
- Poland (6.9K tons)
- Germany (5.8K tons)
- Ireland (3.7K tons)
- Greece (1.9K tons)
- Czech Republic (1.8K tons)
- United States (1.0K tons)
- Netherlands (0.9K tons)
- Mexico (0.9K tons)
- China (0.9K tons)
- United Kingdom (0.2K tons)
This report provides an in-depth analysis of the base metal closure market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
-
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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