Asia: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Asia

The Asian metal crown cork market fell slightly to $X in 2022, standing approx. at the previous year. In general, consumption showed a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Metal Crown Cork Production in Asia

In value terms, metal crown cork production contracted modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Metal Crown Cork Exports

Exports in Asia

In 2022, overseas shipments of iron or steel crown corks increased by X% to X units, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal crown cork exports skyrocketed to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Saudi Arabia (X units) and India (X units) were the major exporters of iron or steel crown corks in Asia, together generating X% of total exports. Thailand (X units) took the next position in the ranking, followed by China (X units) and Kazakhstan (X units). All these countries together held approx. X% share of total exports. The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal crown cork supplying countries in Asia were Saudi Arabia ($X), China ($X) and India ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per thousand units, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per thousand units in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per thousand units), while the Philippines ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Metal Crown Cork Imports

Imports in Asia

In 2022, overseas purchases of iron or steel crown corks were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal crown cork imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of iron or steel crown corks, namely Nepal, Lao People's Democratic Republic, Israel, Kazakhstan, Uzbekistan, Lebanon, Indonesia, Sri Lanka, Armenia, Myanmar, Cambodia and the United Arab Emirates, represented more than two-thirds of total import. Iraq (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal crown cork importing markets in Asia were Israel ($X), Nepal ($X) and Lebanon ($X), with a combined X% share of total imports. Indonesia, Sri Lanka, Uzbekistan, Lao People's Democratic Republic, Myanmar, the United Arab Emirates, Kazakhstan, Cambodia, Iraq and Armenia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per thousand units, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the peak figure at $X per thousand units in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lebanon ($X per thousand units), while Kazakhstan ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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