Thailand - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Thailand - 2023
Contents:
- Base Metal Closure Price in Thailand (FOB) - 2023
- Base Metal Closure Price in Thailand (CIF) - 2022
- Base Metal Closure Exports in Thailand
- Base Metal Closure Imports in Thailand
Base Metal Closure Price in Thailand (FOB) - 2023
In July 2023, the average base metal closure export price amounted to $5,736 per ton, surging by 7.2% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 21% against the previous month. As a result, the export price attained the peak level of $6,197 per ton. From December 2022 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($34,180 per ton), while the average price for exports to Mauritius ($2,663 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Price in Thailand (CIF) - 2022
In 2022, the average base metal closure import price amounted to $5,343 per ton, surging by 26% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $5,971 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($7,955 per ton), while the price for China ($4,077 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+196.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Closure Exports in Thailand
In 2022, shipments abroad of base metal closures, stoppers, caps and lids decreased by -13.2% to 23K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 48%. As a result, the exports reached the peak of 29K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, base metal closure exports surged to $146M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Base Metal Closure in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 23.0 | 29.2 | 29.7 | 40.8 | 21.1% |
Vietnam | 19.3 | 21.9 | 18.9 | 27.6 | 12.7% |
Philippines | 15.7 | 17.5 | 12.9 | 16.0 | 0.6% |
Malaysia | 5.3 | 5.2 | 5.7 | 11.8 | 30.6% |
Hong Kong SAR | 1.6 | 2.7 | 4.8 | 8.3 | 73.1% |
Japan | 11.4 | 7.3 | 4.4 | 7.1 | -14.6% |
United States | 3.5 | 4.0 | 8.0 | 7.0 | 26.0% |
Mauritius | 5.9 | 6.2 | 6.8 | 6.1 | 1.1% |
Solomon Islands | 1.8 | 0.8 | 2.0 | 1.9 | 1.8% |
China | 2.0 | 1.7 | 1.6 | 1.3 | -13.4% |
Myanmar | 3.6 | 6.0 | 7.9 | N/A | 48.1% |
Others | 12.2 | 13.4 | 17.7 | 17.7 | 13.2% |
Total | 105 | 116 | 120 | 146 | 11.6% |
Top Export Markets for Base Metal Closure from Thailand in 2022:
- Indonesia (6.0K tons)
- Vietnam (5.3K tons)
- Philippines (3.5K tons)
- Mauritius (2.2K tons)
- Malaysia (1.7K tons)
- United States (1.1K tons)
- Solomon Islands (0.4K tons)
- Hong Kong SAR (0.4K tons)
- China (0.3K tons)
- Japan (0.2K tons)
Base Metal Closure Imports in Thailand
After three years of growth, supplies from abroad of base metal closures, stoppers, caps and lids decreased by -3.6% to 26K tons in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 89% against the previous year.
In value terms, base metal closure imports soared to $141M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Base Metal Closure in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 35.1 | 56.8 | 68.8 | 65.9 | 23.4% |
Vietnam | 1.6 | 7.9 | 12.6 | 25.5 | 151.7% |
Cambodia | 0.2 | N/A | 2.5 | 17.6 | 344.8% |
Malaysia | 1.4 | 1.3 | 5.5 | 8.8 | 84.6% |
Taiwan (Chinese) | 4.8 | 5.5 | 5.5 | 5.0 | 1.4% |
Philippines | 3.0 | 2.8 | 3.0 | 2.9 | -1.1% |
India | 1.7 | 1.5 | 2.0 | 1.9 | 3.8% |
Others | 11.0 | 11.7 | 15.9 | 12.9 | 5.5% |
Total | 58.6 | 87.4 | 116 | 141 | 34.0% |
Top Suppliers of Base Metal Closure to Thailand in 2022:
- China (16.2K tons)
- Vietnam (3.9K tons)
- Cambodia (2.4K tons)
- Malaysia (1.4K tons)
- Taiwan (Chinese) (0.6K tons)
- Philippines (0.4K tons)
- India (0.3K tons)
This report provides an in-depth analysis of the base metal closure market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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In value terms, dithionites and sulphoxylates exports amounted to $X in 2016. Overall, dithionites and sulphoxylates exports continue to indicate a relatively flat trend pattern. Over the period un...
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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.