Italy: Base Metal Closure Market 2024

Base Metal Closure Market Size in Italy

After four years of growth, the Italian base metal closure market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded significant growth. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Base Metal Closure Production in Italy

In value terms, base metal closure production rose sharply 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. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Base Metal Closure Exports

Exports from Italy

In 2022, overseas shipments of base metal closures, stoppers, caps and lids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, base metal closure exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

France (X tons), Spain (X tons) and Greece (X tons) were the main destinations of base metal closure exports from Italy, together accounting for X% of total exports. The UK, Germany, Turkey, the Netherlands, the United States, Hungary, South Africa, Austria, the Czech Republic and Croatia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and the UK ($X) constituted the largest markets for base metal closure exported from Italy worldwide, together comprising X% of total exports. Germany, Greece, the United States, the Netherlands, Turkey, South Africa, Austria, Hungary, the Czech Republic and Croatia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Croatia, 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 average base metal closure export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached 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 South Africa ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Italy

In 2022, supplies from abroad of base metal closures, stoppers, caps and lids increased by X% to X tons, rising for the third consecutive year after four years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, base metal closure imports surged to $X in 2022. Overall, total imports indicated a prominent expansion 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 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), China (X tons) and Spain (X tons) were the main suppliers of base metal closure imports to Italy, with a combined X% share of total imports. Germany, the Czech Republic, Poland, Ireland, the Netherlands, Bulgaria, Lithuania, Ukraine, India and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal closure suppliers to Italy were France ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports. China, Poland, Ireland, the Czech Republic, Ukraine, the UK, the Netherlands, Lithuania, Bulgaria and India lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, saw the highest growth rate of 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

The average base metal closure import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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