India: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in India

The Indian metal crown cork market declined slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a mild descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Metal Crown Cork Production in India

In value terms, metal crown cork production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight curtailment. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Metal Crown Cork Exports

Exports from India

In 2022, overseas shipments of iron or steel crown corks increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metal crown cork exports soared to $X in 2022. Overall, exports, however, saw a noticeable slump. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X units), Mozambique (X units) and Nepal (X units) were the main destinations of metal crown cork exports from India, together comprising X% of total exports. Sri Lanka, Papua New Guinea, Djibouti, Zambia and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for metal crown cork exported from India were Ethiopia ($X), Mozambique ($X) and Nepal ($X), with a combined X% share of total exports. Sri Lanka, Papua New Guinea, Djibouti, Zambia and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Papua New Guinea, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal crown cork export price amounted to $X per thousand units, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per thousand units), while the average price for exports to Zambia ($X 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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into India

In 2022, supplies from abroad of iron or steel crown corks decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, metal crown cork imports reduced sharply to $X in 2022. Overall, imports faced a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X units), the United States (X units) and China (X units) were the main suppliers of metal crown cork imports to India, with a combined X% share of total imports. Hong Kong SAR, Belgium and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Australia ($X) were the largest metal crown cork suppliers to India, with a combined X% share of total imports. China, Belgium and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal crown cork import price amounted to $X per thousand units, increasing by X% against the previous year. Over the period under review, the import price recorded modest growth. The import price peaked at $X per thousand units in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per thousand units), while the price for China ($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 France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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