Bangladesh: Base Metal Closure Market 2025

Base Metal Closure Market Size in Bangladesh

In 2021, the Bangladeshi base metal closure market increased by 55% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.

Base Metal Closure Exports

Exports from Bangladesh

After two years of growth, overseas shipments of base metal closures, stoppers, caps and lids decreased by -54.7% to X kg in 2021. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by 1,382% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, base metal closure exports contracted markedly to $X in 2021. Overall, exports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 390%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X kg), Singapore (X kg) and India (X kg) were the main destinations of base metal closure exports from Bangladesh, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +0.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for base metal closure exported from Bangladesh were the United States ($X), Indonesia ($X) and Italy ($X), with a combined 87% share of total exports.

Indonesia, with a CAGR of +14.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average base metal closure export price amounted to $X per ton, jumping by 87% against the previous year. Over the period under review, the export price showed a measured expansion. The growth pace was the most rapid in 2014 an increase of 230% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Bangladesh

In 2021, approx. X tons of base metal closures, stoppers, caps and lids were imported into Bangladesh; surging by 42% on 2020 figures. Over the period under review, imports recorded resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 131%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, base metal closure imports soared to $X in 2021. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 114% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal closure to Bangladesh, accounting for a 47% share of total imports. Moreover, base metal closure imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.1% per year) and Saudi Arabia (+6.0% per year).

In value terms, China ($X) constituted the largest supplier of base metal closures, stoppers, caps and lids to Bangladesh, comprising 34% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total imports. It was followed by Singapore, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+3.6% per year) and Singapore (+18.4% per year).

Import Prices by Country

The average base metal closure import price stood at $X per ton in 2021, growing by 12% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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