Australia and Oceania: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Australia and Oceania

In 2022, the metal crown cork market in Australia and Oceania was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Crown Cork Production in Australia and Oceania

In value terms, metal crown cork production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Metal Crown Cork Exports

Exports in Australia and Oceania

In 2022, shipments abroad of iron or steel crown corks increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports hit record highs 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 deep slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X units), comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal crown cork exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest metal crown cork supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, metal crown cork exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per thousand units, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. Over the period under review, the export prices hit record highs at $X per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per thousand units), while New Zealand amounted to $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Metal Crown Cork Imports

Imports in Australia and Oceania

In 2022, purchases abroad of iron or steel crown corks decreased by X% to X units, falling for the sixth year in a row after five years of growth. In general, imports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, metal crown cork imports skyrocketed to $X in 2022. Total imports indicated mild growth 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand was the key importer of iron or steel crown corks in Australia and Oceania, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Australia (X units) held the second position in the ranking, distantly followed by Papua New Guinea (X units). All these countries together held near X% share of total imports. French Polynesia (X units) held a relatively small share 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%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, French Polynesia (X%) and Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by X percentage points.

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

In New Zealand, metal crown cork imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per thousand units, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was French Polynesia ($X per thousand units), while Papua New Guinea ($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 French Polynesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :