Philippines - Iron Or Steel Crown Corks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Crown Cork Price in the Philippines - 2023
Contents:
- Metal Crown Cork Price in the Philippines (CIF) - 2022
- Metal Crown Cork Price in the Philippines (FOB) - 2022
- Metal Crown Cork Imports in the Philippines
- Metal Crown Cork Exports in the Philippines
Metal Crown Cork Price in the Philippines (CIF) - 2022
The average metal crown cork import price stood at $10 per thousand units in 2022, growing by 29% against the previous year. Overall, the import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2015 an increase of 80%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +4.6% per year.
Metal Crown Cork Price in the Philippines (FOB) - 2022
The average metal crown cork export price stood at $6.7 per thousand units in 2022, rising by 12% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal crown cork export price decreased by -2.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 86% against the previous year. As a result, the export price reached the peak level of $6.9 per thousand units. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($18 per thousand units), while the average price for exports to Thailand ($1.2 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Crown Cork Imports in the Philippines
In 2022, overseas purchases of iron or steel crown corks increased by 52% to 92M units for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, 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.
In value terms, metal crown cork imports surged to $918K in 2022. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Metal Crown Cork in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 68.3 | 18.1 | 30.7 | 874 | 133.9% |
| India | 526 | 330 | 435 | N/A | -9.1% |
| Others | 5.9 | 5.6 | 4.2 | 43.9 | 95.2% |
| Total | 600 | 353 | 469 | 918 | 15.2% |
Top Suppliers of Metal Crown Cork to the Philippines in 2022:
- Thailand (90.8M units)
Metal Crown Cork Exports in the Philippines
In 2022, shipments abroad of iron or steel crown corks was finally on the rise to reach 40M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a precipitous descent. Over the period under review, the exports hit record highs at 148M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, metal crown cork exports soared to $268K in 2022. Over the period under review, exports, however, recorded a dramatic contraction. The exports peaked at $548K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Metal Crown Cork in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 135 | 151 | 55.2 | 95.5 | -10.9% |
| Vietnam | 237 | 107 | 1.7 | 69.0 | -33.7% |
| Australia | 69.0 | 83.1 | 16.4 | 38.6 | -17.6% |
| Hong Kong SAR | 34.8 | 44.3 | 18.4 | 36.2 | 1.3% |
| Indonesia | 40.7 | 14.0 | 8.8 | 15.7 | -27.2% |
| Malaysia | 19.8 | 18.7 | 5.8 | 8.4 | -24.9% |
| Thailand | 6.6 | 7.1 | 2.5 | 4.2 | -14.0% |
| Others | 4.1 | 0.9 | 0.1 | 0.2 | -63.5% |
| Total | 548 | 427 | 109 | 268 | -21.2% |
Top Export Markets for Metal Crown Cork from the Philippines in 2022:
- Vietnam (18.3M units)
- Hong Kong SAR (5.4M units)
- Oman (5.2M units)
- Thailand (3.6M units)
- Indonesia (3.2M units)
- Australia (2.4M units)
- Malaysia (1.8M units)
This report provides an in-depth analysis of the metal crown cork market in the Philippines. 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 25921330 - Iron or steel crown corks
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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