Chile: Base Metal Closure Market 2025

Base Metal Closure Market Size in Chile

The Chilean base metal closure market soared to $X in 2021, jumping by 28% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.6% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Base Metal Closure Exports

Exports from Chile

Base metal closure exports from Chile reduced to X tons in 2021, declining by -11.7% compared with the previous year. In general, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, base metal closure exports rose to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.9% against 2015 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 28%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons), Bolivia (X tons) and Peru (X tons) were the main destinations of base metal closure exports from Chile, together comprising 46% of total exports. These countries were followed by Argentina, Brazil, Mexico, Ecuador, the United States, Colombia, Costa Rica and Venezuela, which together accounted for a further 51%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +53.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal closure exported from Chile were Argentina ($X), Peru ($X) and Brazil ($X), together comprising 48% of total exports. These countries were followed by Bolivia, the United States, Spain, Ecuador, Mexico, Colombia, Costa Rica and Venezuela, which together accounted for a further 49%.

The United States, with a CAGR of +68.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average base metal closure export price amounted to $X per ton, growing by 18% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 25%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 Venezuela (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Chile

In 2021, the amount of base metal closures, stoppers, caps and lids imported into Chile skyrocketed to X tons, rising by 23% compared with the year before. Over the period under review, imports saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, base metal closure imports soared to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 +57.2% against 2015 indices. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), Paraguay (X tons) and China (X tons) were the main suppliers of base metal closure imports to Chile, with a combined 56% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +765.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Paraguay ($X) and China ($X) constituted the largest base metal closure suppliers to Chile, together accounting for 62% of total imports.

Paraguay, with a CAGR of +594.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal closure import price stood at $X per ton in 2021, declining by -3.3% against the previous year. In general, the import price saw a perceptible decline. The pace of growth appeared the most rapid in 2017 an increase of 9.9%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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