Vietnam - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Vietnam - 2021
Contents:
- Base Metal Closure Price in Vietnam (CIF) - 2022
- Base Metal Closure Price in Vietnam (FOB) - 2022
- Base Metal Closure Imports in Vietnam
- Base Metal Closure Exports in Vietnam
Base Metal Closure Price in Vietnam (CIF) - 2022
In 2022, the average base metal closure import price amounted to $4,134 per ton, which is down by -5.7% against the previous year. Overall, the import price continues to indicate a mild setback. The pace of growth was the most pronounced in 2021 an increase of 13%. The import price peaked at $5,116 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Cambodia ($4,216 per ton) and South Korea ($4,216 per ton), while the price for Indonesia ($3,916 per ton) and Japan ($3,943 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), while the prices for the other major suppliers experienced a decline.
Base Metal Closure Price in Vietnam (FOB) - 2022
The average base metal closure export price stood at $5,870 per ton in 2022, with a decrease of -10.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $6,941 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($6,063 per ton) and Japan ($6,063 per ton), while the average price for exports to Myanmar ($5,701 per ton) and the Philippines ($5,754 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Imports in Vietnam
Base metal closure imports into Vietnam stood at 26K tons in 2022, increasing by 1.7% on the previous year's figure. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports reached the peak of 27K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, base metal closure imports declined slightly to $108M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 9% against the previous year. As a result, imports reached the peak of $113M, and then fell modestly in the following year.
| Import of Base Metal Closure in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.2 | 56.2 | 63.6 | 58.1 | 7.9% |
| Thailand | 19.3 | 20.6 | 19.1 | 18.3 | -1.8% |
| Malaysia | 9.3 | 6.7 | 8.0 | 7.5 | -6.9% |
| South Korea | 5.0 | 5.8 | 7.4 | 6.8 | 10.8% |
| Cambodia | 2.4 | 2.4 | 5.6 | 5.1 | 28.6% |
| Japan | 4.0 | 4.0 | 2.6 | 4.2 | 1.6% |
| Indonesia | 3.2 | 2.8 | 0.6 | 2.1 | -13.1% |
| Others | 5.6 | 5.0 | 6.0 | 6.0 | 2.3% |
| Total | 95.1 | 103 | 113 | 108 | 4.3% |
Top Suppliers of Base Metal Closure to Vietnam in 2022:
- China (13.8K tons)
- Thailand (4.6K tons)
- Malaysia (1.9K tons)
- South Korea (1.6K tons)
- Cambodia (1.2K tons)
- Japan (1.1K tons)
- Indonesia (0.5K tons)
Base Metal Closure Exports in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of base metal closures, stoppers, caps and lids, when their volume decreased by -7.9% to 8.3K tons. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year.
In value terms, base metal closure exports dropped sharply to $49M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $59M, and then fell markedly in the following year.
| Export of Base Metal Closure in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 13.1 | 14.7 | 20.0 | 18.4 | 12.0% |
| Thailand | 2.0 | 7.9 | 15.1 | 11.3 | 78.1% |
| Myanmar | 6.1 | 7.0 | 6.1 | 5.5 | -3.4% |
| Malaysia | 0.6 | 2.5 | 6.1 | 4.5 | 95.7% |
| Indonesia | 1.9 | 1.0 | 3.2 | 2.4 | 8.1% |
| Taiwan (Chinese) | 2.4 | 2.4 | 3.0 | 2.2 | -2.9% |
| Japan | 0.8 | 0.8 | 1.3 | 1.1 | 11.2% |
| Others | 4.0 | 2.2 | 4.4 | 3.2 | -7.2% |
| Total | 30.9 | 38.5 | 59.1 | 48.8 | 16.5% |
Top Export Markets for Base Metal Closure from Vietnam in 2022:
- Cambodia (3.2K tons)
- Thailand (1.9K tons)
- Myanmar (1.0K tons)
- Malaysia (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
- Indonesia (0.4K tons)
- Japan (0.2K tons)
This report provides an in-depth analysis of the base metal closure market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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