Italy: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Italy

In 2022, the Italian metal crown cork market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a perceptible increase. Metal crown cork consumption peaked in 2022 and is expected to retain growth in the near future.

Metal Crown Cork Production in Italy

In value terms, metal crown cork production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Metal Crown Cork Exports

Exports from Italy

In 2022, shipments abroad of iron or steel crown corks decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal crown cork exports surged to $X in 2022. In general, total exports indicated a moderate 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, exports increased by X% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and Spain (X units) were the main destinations of metal crown cork exports from Italy, with a combined X% share of total exports. The UK, the Netherlands, Poland, the United States, South Africa, Belgium, Portugal, Cote d'Ivoire, Cameroon 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 Cote d'Ivoire (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 Italy were France ($X), the UK ($X) and Germany ($X), together comprising X% of total exports. Spain, the Netherlands, the United States, Poland, South Africa, Belgium, Portugal, Cote d'Ivoire, Cameroon and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Cote d'Ivoire, 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

In 2022, the average metal crown cork export price amounted to $X per thousand units, surging by 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 attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per thousand units) and France ($X per thousand units), while the average price for exports to Democratic Republic of the Congo ($X per thousand units) and Germany ($X per thousand units) were amongst the lowest.

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

Metal Crown Cork Imports

Imports into Italy

In 2022, supplies from abroad of iron or steel crown corks increased by X% to X units, rising for the third consecutive year after three years of decline. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal crown cork imports skyrocketed to $X in 2022. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Greece (X units) constituted the largest supplier of metal crown cork to Italy, with a X% share of total imports. Moreover, metal crown cork imports from Greece exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, the largest metal crown cork suppliers to Italy were Greece ($X), France ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, 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, dropping by X% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per thousand units. From 2020 to 2022, the average 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 France ($X per thousand units), while the price for Germany ($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 Greece (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :