Japan: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Japan

The Japanese metal crown cork market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Metal crown cork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Crown Cork Production in Japan

In value terms, metal crown cork production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Crown Cork Exports

Exports from Japan

In 2022, after three years of decline, there was significant growth in shipments abroad of iron or steel crown corks, when their volume increased by X% to X units. Overall, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal crown cork exports surged to $X in 2022. In general, exports, however, showed a sharp reduction. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for metal crown cork exports from Japan, with a X% share of total exports. Moreover, metal crown cork exports to India exceeded the volume sent to the second major destination, Turkey (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Russia (X% per year).

In value terms, the largest markets for metal crown cork exported from Japan were India ($X), Russia ($X) and Turkey ($X), together comprising X% of total exports.

Among the main countries of destination, Russia, 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 a decline.

Export Prices by Country

In 2022, the average metal crown cork export price amounted to $X per thousand units, with a decrease of X% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per thousand units), while the average price for exports to Turkey ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Metal Crown Cork Imports

Imports into Japan

Metal crown cork imports into Japan surged to X units in 2022, jumping by X% compared with the year before. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal crown cork imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X units) constituted the largest supplier of metal crown cork to Japan, with a X% share of total imports. Moreover, metal crown cork imports from France exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was taken by Australia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Australia (X% per year).

In value terms, France ($X) constituted the largest supplier of iron or steel crown corks to Japan, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Australia (X% per year).

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, increasing by X% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price 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, metal crown cork import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per thousand units), while the price for Australia ($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 mixed trend patterns.

Source: IndexBox Platform

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