Scandinavia: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Scandinavia

After two years of growth, the Scandinavia metal crown cork market decreased by X% to $X in 2022. In general, consumption saw a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in Scandinavia

In value terms, metal crown cork production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Crown Cork Exports

Exports in Scandinavia

In 2022, shipments abroad of iron or steel crown corks increased by X% to X units, rising for the third consecutive year after two years of decline. Total exports indicated buoyant 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, metal crown cork exports surged to $X in 2022. In general, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Finland (X units) represented the key exporter of iron or steel crown corks in Scandinavia, mixing up X% of total export.

Finland was also the fastest-growing in terms of the iron or steel crown corks exports, with a CAGR of X% from 2012 to 2022. Finland (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) also remains the largest metal crown cork supplier in Scandinavia.

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

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per thousand units, with an increase of X% against the previous year. Export price indicated a buoyant 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 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Metal Crown Cork Imports

Imports in Scandinavia

In 2022, the amount of iron or steel crown corks imported in Scandinavia shrank to X units, with a decrease of X% compared with the year before. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal crown cork imports declined modestly to $X in 2022. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) was the major importer of iron or steel crown corks, comprising X% of total imports. Norway (X units) ranks second in terms of the total imports with an X% share, followed by Finland (X%).

Imports into Sweden decreased at an average annual rate of X% from 2012 to 2022. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) and Finland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported iron or steel crown corks in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to X%. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per thousand units, with an increase of X% against the previous year. Import price indicated a buoyant expansion 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. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per thousand units), while Sweden ($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 Sweden (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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