Asia-Pacific: Base Metal Closure Market 2025

Base Metal Closure Market Size in Asia-Pacific

In 2021, after three years of growth, there was decline in the Asia-Pacific base metal closure market, when its value decreased by -2.4% to $X. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Base Metal Closure Production in Asia-Pacific

In value terms, base metal closure production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% 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 13% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

Base Metal Closure Exports

Exports in Asia-Pacific

In 2021, the amount of base metal closures, stoppers, caps and lids exported in Asia-Pacific surged to X tons, rising by 23% against the year before. In general, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal closure exports soared to $X in 2021. Over the period under review, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 65% of total exports in 2021. India (X tons) held an 8.2% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (7.5%) and South Korea (5.3%). The following exporters - Malaysia (X tons), Singapore (X tons) and Vietnam (X tons) - together made up 9.2% of total exports.

China was also the fastest-growing in terms of the base metal closures, stoppers, caps and lids exports, with a CAGR of +17.1% from 2012 to 2021. At the same time, Vietnam (+16.9%), South Korea (+10.0%), Malaysia (+9.4%), Thailand (+8.0%) and India (+4.6%) displayed positive paces of growth. By contrast, Singapore (-2.0%) illustrated a downward trend over the same period. China (+26 p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Singapore and India saw its share reduced by -1.8%, -5.1% and -5.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest base metal closure supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was held by India ($X), with an 8.1% share of total exports. It was followed by Thailand, with a 7% share.

In China, base metal closure exports expanded at an average annual rate of +17.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+7.6% per year) and Thailand (+8.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 12% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while Malaysia ($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 Asia-Pacific

In 2021, approx. X tons of base metal closures, stoppers, caps and lids were imported in Asia-Pacific; growing by 11% against 2020 figures. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 16%. The volume of import peaked in 2021 and is expected to retain 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 +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), Vietnam (X tons), the Philippines (X tons), Indonesia (X tons), India (X tons), Malaysia (X tons), Australia (X tons), New Zealand (X tons), Papua New Guinea (X tons), Myanmar (X tons), China (X tons) and Singapore (X tons) represented roughly 85% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Papua New Guinea (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal closure importing markets in Asia-Pacific were Thailand ($X), Vietnam ($X) and China ($X), with a combined 32% share of total imports. These countries were followed by the Philippines, Indonesia, India, Australia, New Zealand, Malaysia, Myanmar, Singapore and Papua New Guinea, which together accounted for a further 50%.

Myanmar, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 7.4% against the previous year. Overall, the import price, however, recorded a slight setback. The pace of growth was the most pronounced in 2018 an increase of 7.6% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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