Russian Federation: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in the Russian Federation

For the fourth consecutive year, the Russian metal crown cork market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption continues to indicate strong growth. Metal crown cork consumption peaked in 2022 and is expected to retain growth in the near future.

Metal Crown Cork Production in the Russian Federation

In value terms, metal crown cork production reached $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Metal Crown Cork Exports

Exports from the Russian Federation

Metal crown cork exports from Russia skyrocketed to X units in 2022, rising by X% against the previous year's figure. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, metal crown cork exports skyrocketed to $X in 2022. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for metal crown cork exports from Russia, accounting for a X% share of total exports. Moreover, metal crown cork exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X units), fourfold. Azerbaijan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Azerbaijan (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

In 2022, the average metal crown cork export price amounted to $X per thousand units, dropping by X% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per thousand units in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per thousand units), while the average price for exports to Kazakhstan ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Crown Cork Imports

Imports into the Russian Federation

Metal crown cork imports into Russia declined rapidly to X units in 2022, waning by X% against the previous year's figure. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal crown cork imports declined to $X in 2022. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X units) constituted the largest supplier of metal crown cork to Russia, with a X% share of total imports. Moreover, metal crown cork imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Lithuania (X units), sixfold. The third position in this ranking was taken by Finland (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Finland (X% per year).

In value terms, the largest metal crown cork suppliers to Russia were Kazakhstan ($X), Finland ($X) and Poland ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average metal crown cork import price amounted to $X per thousand units, rising by X% against the previous year. Overall, import price indicated notable growth 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 2019 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 origin: amid the top importers, the country with the highest price was Poland ($X per thousand units), while the price for Italy ($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 Serbia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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