ASEAN: Base Metal Closure Market 2025

Base Metal Closure Market Size in ASEAN

The ASEAN base metal closure market totaled $X in 2021, remaining relatively unchanged against the previous year. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.9% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Base Metal Closure Production in ASEAN

In value terms, base metal closure production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Base Metal Closure Exports

Exports in ASEAN

In 2021, the amount of base metal closures, stoppers, caps and lids exported in ASEAN rose slightly to X tons, picking up by 4.2% on 2020 figures. The total export volume increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 12%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, base metal closure exports soared to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the key exporting country with an export of about X tons, which finished at 40% of total exports. Malaysia (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (14%) and Vietnam (14%). The Philippines (X tons), Indonesia (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest base metal closure supplier in ASEAN, comprising 39% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 19% share of total exports. It was followed by Malaysia, with an 18% share.

In Thailand, base metal closure exports increased at an average annual rate of +8.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+21.5% per year) and Malaysia (+7.9% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, with an increase of 18% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the other leaders experienced more modest paces of growth.

Base Metal Closure Imports

Imports in ASEAN

For the eighth consecutive year, ASEAN recorded growth in purchases abroad of base metal closures, stoppers, caps and lids, which increased by 5.1% to X tons in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.2% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, base metal closure imports surged to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of base metal closure imports in 2021 were Thailand (X tons), Vietnam (X tons), the Philippines (X tons) and Indonesia (X tons), together finishing at 77% of total import. It was distantly followed by Malaysia (X tons) and Myanmar (X tons), together constituting a 14% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2021, together comprising 58% of total imports. Indonesia, Malaysia, Myanmar and Singapore lagged somewhat behind, together comprising a further 38%.

Among the main importing countries, Myanmar, with a CAGR of +18.0%, recorded the highest growth rate of 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 2021, the import price in ASEAN amounted to $X per ton, increasing by 11% against the previous year. Overall, the import price, however, saw a noticeable shrinkage. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Myanmar ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform