New Zealand: Base Metal Closure Market 2024

Base Metal Closure Market Size in New Zealand

The New Zealand base metal closure market soared to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw resilient growth. Base metal closure consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Base Metal Closure Exports

Exports from New Zealand

Base metal closure exports from New Zealand rose rapidly to X tons in 2022, with an increase of X% compared with the previous year's figure. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, base metal closure exports soared to $X in 2022. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Australia (X tons) was the main destination for base metal closure exports from New Zealand, accounting for a X% share of total exports. Moreover, base metal closure exports to Australia exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

In value terms, Australia ($X) remains the key foreign market for base metal closures, stoppers, caps and lids exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the United States (X% per year).

Export Prices by Country

The average base metal closure export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was French Polynesia ($X per ton), while the average price for exports to India ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into New Zealand

For the eighth year in a row, New Zealand recorded growth in purchases abroad of base metal closures, stoppers, caps and lids, which increased by X% to X tons in 2022. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, base metal closure imports soared to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia (X tons), China (X tons) and Italy (X tons) were the main suppliers of base metal closure imports to New Zealand, together accounting for X% of total imports. South Korea, the Czech Republic, Thailand and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (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 New Zealand were Australia ($X), China ($X) and Italy ($X), with a combined X% share of total imports. South Korea, the Czech Republic, Thailand and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United Arab Emirates ($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 Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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