Asia-Pacific: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Asia-Pacific

The Asia-Pacific metal crown cork market shrank slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a perceptible descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in Asia-Pacific

In value terms, metal crown cork production fell modestly to $X in 2022 estimated in export price. In general, production saw a perceptible setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Metal Crown Cork Exports

Exports in Asia-Pacific

In 2022, shipments abroad of iron or steel crown corks increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a noticeable descent. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal crown cork exports skyrocketed to $X in 2022. In general, exports, however, recorded a perceptible shrinkage. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India was the key exporter of iron or steel crown corks in Asia-Pacific, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X units), China (X units) and the Philippines (X units), together mixing up a X% share of total exports. Australia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest metal crown cork supplying countries in Asia-Pacific were China ($X), India ($X) and Thailand ($X), with a combined X% share of total exports.

Among the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per thousand units, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per thousand units in 2016; however, from 2017 to 2022, the export prices remained at a 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 China (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Crown Cork Imports

Imports in Asia-Pacific

After five years of decline, supplies from abroad of iron or steel crown corks increased by X% to X units in 2022. In general, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 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 lower figure.

In value terms, metal crown cork imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a slight shrinkage. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X units), distantly followed by Australia (X units), Nepal (X units), Lao People's Democratic Republic (X units), Indonesia (X units), Sri Lanka (X units), Myanmar (X units) and Cambodia (X units) were the main importers of iron or steel crown corks, together creating X% of total imports.

New Zealand experienced a relatively flat trend pattern with regard to volume of imports of iron or steel crown corks. At the same time, Australia (X%), Indonesia (X%), Lao People's Democratic Republic (X%), Myanmar (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Cambodia experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. Australia (X p.p.), New Zealand (X p.p.), Lao People's Democratic Republic (X p.p.), Indonesia (X p.p.), Nepal (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported iron or steel crown corks in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

In New Zealand, metal crown cork imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per thousand units, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per thousand units), while Lao People's Democratic Republic ($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 Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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