Brazil: Base Metal Closure Market 2025

Base Metal Closure Market Size in Brazil

In 2021, the Brazilian base metal closure market decreased by -0.2% to $X, falling for the third year in a row after four years of growth. In general, consumption, however, recorded resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Base Metal Closure Production in Brazil

In value terms, base metal closure production stood at $X in 2021 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 54% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Base Metal Closure Exports

Exports from Brazil

Base metal closure exports from Brazil expanded markedly to X tons in 2021, surging by 8.1% against the year before. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.2% against 2019 indices. The growth pace was the most rapid in 2018 when exports increased by 22% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, base metal closure exports stood at $X in 2021. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2017 when exports increased by 34%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Argentina (X tons), Chile (X tons) and Colombia (X tons) were the main destinations of base metal closure exports from Brazil, together comprising 86% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +26.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for base metal closures, stoppers, caps and lids exports from Brazil, comprising 52% of total exports. The second position in the ranking was taken by Chile ($X), with a 24% share of total exports. It was followed by Colombia, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Argentina amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+1.2% per year) and Colombia (+16.1% per year).

Export Prices by Country

In 2021, the average base metal closure export price amounted to $X per ton, with an increase of 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2017 when the average export price increased by 14% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per ton), while the average price for exports to Venezuela ($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 the United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Brazil

In 2021, base metal closure imports into Brazil contracted to X tons, waning by -6.8% compared with 2020 figures. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 36%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, base metal closure imports rose to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 45% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and Peru (X tons) were the main suppliers of base metal closure imports to Brazil, with a combined 42% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +305.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of base metal closures, stoppers, caps and lids to Brazil, comprising 16% of total imports. The second position in the ranking was taken by China ($X), with a 7.6% share of total imports. It was followed by Saint Lucia, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and Saint Lucia (0.0% per year).

Import Prices by Country

The average base metal closure import price stood at $X per ton in 2021, with an increase of 11% against the previous year. Overall, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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