SADC: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in SADC

In 2022, the SADC metal crown cork market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in SADC

In value terms, metal crown cork production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Crown Cork Exports

Exports in SADC

In 2022, overseas shipments of iron or steel crown corks increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal crown cork exports soared to $X in 2022. In general, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the major exporting country with an export of around X units, which amounted to X% of total exports. Tanzania (X units) ranks second in terms of the total exports with a X% share, followed by Namibia (X%) and Angola (X%).

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Angola (X%), Namibia (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa, Tanzania, Namibia and Angola increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest metal crown cork supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports. It was followed by Angola, with an X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per thousand units, growing by X% against the previous year. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per thousand units in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Angola ($X per thousand units) and Tanzania ($X per thousand units), while Namibia ($X per thousand units) and South Africa ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Crown Cork Imports

Imports in SADC

In 2022, the amount of iron or steel crown corks imported in SADC skyrocketed to X units, jumping by X% against 2021. Total imports indicated slight growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal crown cork imports surged to $X in 2022. Over the period under review, imports posted slight growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Tanzania (X units), distantly followed by South Africa (X units), Mozambique (X units), Democratic Republic of the Congo (X units), Zimbabwe (X units), Namibia (X units), Zambia (X units) and Madagascar (X units) represented the major importers of iron or steel crown corks, together making up X% of total imports.

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

In value terms, Tanzania ($X), South Africa ($X) and Mozambique ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Zimbabwe, Democratic Republic of the Congo, Namibia, Zambia and Madagascar lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in SADC stood at $X per thousand units in 2022, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. 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 destination: amid the top importers, the country with the highest price was Zimbabwe ($X per thousand units), while Madagascar ($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 South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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