CIS: Base Metal Closure Market 2024

Base Metal Closure Market Size in CIS

The CIS base metal closure market dropped to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Base Metal Closure Production in CIS

In value terms, base metal closure production fell modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Base Metal Closure Exports

Exports in CIS

For the third consecutive year, the CIS recorded growth in shipments abroad of base metal closures, stoppers, caps and lids, which increased by X% to X tons in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, base metal closure exports surged to $X in 2022. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia represented the major exporter of base metal closures, stoppers, caps and lids in the CIS, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belarus (X tons), achieving a X% share of total exports. The following exporters - Kazakhstan (X tons), Armenia (X tons) and Uzbekistan (X tons) - each finished at a X% share of total exports.

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

In value terms, the largest base metal closure supplying countries in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), with a combined X% share of total exports. Armenia and Uzbekistan lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Uzbekistan, 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 more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Base Metal Closure Imports

Imports in CIS

After five years of growth, supplies from abroad of base metal closures, stoppers, caps and lids decreased by X% to X tons in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its volume 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 2016 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, base metal closure imports declined to $X in 2022. Overall, imports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Russia dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Belarus (X tons) took the second position in the ranking, followed by Kazakhstan (X tons), Kyrgyzstan (X tons) and Uzbekistan (X tons). All these countries together held near X% share of total imports. The following importers - Armenia (X tons) and Azerbaijan (X tons) - each reached an X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Azerbaijan (X%), Armenia (X%), Belarus (X%), Kazakhstan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Uzbekistan (X p.p.), Kyrgyzstan (X p.p.), Azerbaijan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported base metal closures, stoppers, caps and lids in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Kazakhstan, with an X% share.

In Russia, base metal closure imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Belarus ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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