Peru: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Peru

In 2022, the Peruvian metal crown cork market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption recorded a relatively flat trend pattern. Metal crown cork consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Metal Crown Cork Production in Peru

In value terms, metal crown cork production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Metal Crown Cork Exports

Exports from Peru

In 2022, shipments abroad of iron or steel crown corks decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports saw a slight shrinkage. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then shrank markedly in the following year.

In value terms, metal crown cork exports expanded notably to $X in 2022. Over the period under review, exports, however, saw a modest increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X units), Jamaica (X units) and Venezuela (X units) were the main destinations of metal crown cork exports from Peru, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Jamaica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Venezuela ($X) and Chile ($X) constituted the largest markets for metal crown cork exported from Peru worldwide, together comprising X% of total exports. Jamaica, Mexico, Bolivia, Ecuador and Panama lagged somewhat behind, together comprising a further X%.

Jamaica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, increasing by X% against the previous year. In general, export price indicated a perceptible 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 export price increased by X% against 2020 indices. 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 export markets. In 2022, amid the top suppliers, the countries with the highest prices were Ecuador ($X per thousand units) and Mexico ($X per thousand units), while the average price for exports to Brazil ($X per thousand units) and Panama ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into Peru

For the third year in a row, Peru recorded growth in purchases abroad of iron or steel crown corks, which increased by X% to X units in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, metal crown cork imports skyrocketed to $X in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Colombia (X units) was the main metal crown cork supplier to Peru, with a X% share of total imports. It was followed by Mexico (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Colombia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Spain (X% per year).

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

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

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, growing by X% against the previous year. Over the period under review, 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 2017 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 Spain ($X per thousand units), while the price for Mexico ($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 Honduras (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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