Mexico: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Mexico

In 2022, the Mexican metal crown cork market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a perceptible setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in Mexico

In value terms, metal crown cork production reduced to $X in 2022 estimated in export price. In general, production saw a perceptible slump. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Metal Crown Cork Exports

Exports from Mexico

In 2022, shipments abroad of iron or steel crown corks decreased by X% to X units, falling for the seventh consecutive year after four years of growth. In general, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal crown cork exports surged to $X in 2022. Overall, exports showed a noticeable curtailment. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for metal crown cork exports from Mexico, with a X% share of total exports. Moreover, metal crown cork exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. The third position in this ranking was taken by Chile (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Chile (X% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel crown corks exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Chile (X% per year).

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, jumping by X% against the previous year. Over the period under review, export price indicated a noticeable expansion 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 export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($X per thousand units) and the United States ($X per thousand units), while the average price for exports to Colombia ($X per thousand units) and Canada ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into Mexico

In 2022, supplies from abroad of iron or steel crown corks was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep slump. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal crown cork imports surged to $X in 2022. In general, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main metal crown cork supplier to Mexico, with a X% share of total imports. Moreover, metal crown cork imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of iron or steel crown corks to Mexico, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, with a decrease of X% against the previous year. Overall, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per thousand units, and then declined dramatically in the following year.

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 the United States ($X per thousand units), while the price for China stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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