Report Update Apr 1, 2024

Philippines - Iron or Steel Crown Corks - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in the Philippines

The Philippine metal crown cork market fell to $X in 2022, dropping by X% against the previous year. In general, consumption showed a pronounced setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in the Philippines

In value terms, metal crown cork production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 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 the Philippines

In 2022, shipments abroad of iron or steel crown corks was finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal crown cork exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for metal crown cork exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled X%.

In value terms, Vietnam ($X) emerged as the key foreign market for iron or steel crown corks exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to X%.

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per thousand units. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to X% per year.

Metal Crown Cork Imports

Imports into the Philippines

In 2022, purchases abroad of iron or steel crown corks increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal crown cork imports soared to $X in 2022. In general, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) was the main supplier of metal crown cork to the Philippines, accounting for a X% share of total imports. It was followed by Italy (X units), with a X% share of total imports.

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

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

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

Import Prices by Country

In 2022, the average metal crown cork import price amounted to $X per thousand units, growing by X% against the previous year. Overall, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 Italy ($X per thousand units), while the price for Thailand stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel crown corks in the world?

The country with the largest volume of metal crown cork consumption was the United States, comprising approx. 44% of total volume. Moreover, metal crown cork consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fourfold. India ranked third in terms of total consumption with a 5% share.

What are the largest producers of iron or steel crown corks in the world?

The United States remains the largest metal crown cork producing country worldwide, comprising approx. 44% of total volume. Moreover, metal crown cork production in the United States exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was taken by Italy, with a 6.1% share.

What are the leading suppliers of iron or steel crown corks to the Philippines?

In value terms, Thailand constituted the largest supplier of iron or steel crown corks to the Philippines, comprising 95% of total imports. The second position in the ranking was taken by Italy, with a 1.7% share of total imports.

What are the leading importers of iron or steel crown corks from the Philippines?

In value terms, Vietnam emerged as the key foreign market for iron or steel crown corks exports from the Philippines.

What is the average export price for iron or steel crown corks in the Philippines?

The average metal crown cork export price stood at $1.6 per thousand units in 2022, shrinking by -73.6% against the previous year.

What is the average import price for iron or steel crown corks in the Philippines?

The average metal crown cork import price stood at $10 per thousand units in 2022, growing by 17% against the previous year.

This report provides an in-depth analysis of the metal crown cork market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25921330 - Iron or steel crown corks

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023