MERCOSUR: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in MERCOSUR

The MERCOSUR metal crown cork market fell modestly to $X in 2022, remaining constant against the previous year. In general, consumption showed a pronounced decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in MERCOSUR

In value terms, metal crown cork production contracted slightly to $X in 2022 estimated in export price. In general, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Metal Crown Cork Exports

Exports in MERCOSUR

In 2022, shipments abroad of iron or steel crown corks increased by X% to X units, rising for the fourth consecutive year after four years of decline. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal crown cork exports surged to $X in 2022. Overall, exports saw a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia represented the main exporting country with an export of about X units, which recorded X% of total exports. Peru (X units) held the second position in the ranking, distantly followed by Brazil (X units). All these countries together held approx. 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 Colombia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Colombia ($X), Peru ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Peru, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per thousand units in 2022, growing 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 reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per thousand units), while Colombia ($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 Peru (X%).

Metal Crown Cork Imports

Imports in MERCOSUR

In 2022, purchases abroad of iron or steel crown corks increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a measured 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 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, metal crown cork imports skyrocketed to $X in 2022. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of metal crown cork imports in 2022 were Colombia (X units), Peru (X units) and Chile (X units), together resulting at X% of total import. Argentina (X units) ranks next in terms of the total imports with an X% share, followed by Brazil (X%) and Paraguay (X%). Guyana (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal crown cork importing markets in MERCOSUR were Colombia ($X), Peru ($X) and Chile ($X), together comprising X% of total imports.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per thousand units in 2022, picking up by X% against the previous year. Import price indicated a pronounced increase 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 2018 indices. As a result, import 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 importers, the country with the highest price was Brazil ($X per thousand units), while Colombia ($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 Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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