China: Base Metal Closure Market 2025

Base Metal Closure Market Size in China

The Chinese base metal closure market reduced to $X in 2021, falling by -9.1% against the previous year. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Base Metal Closure Production in China

In value terms, base metal closure production dropped slightly to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +58.7% against 2012 indices. The growth pace was the most rapid in 2016 with an increase of 25%. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Base Metal Closure Exports

Exports from China

For the tenth year in a row, China recorded growth in shipments abroad of base metal closures, stoppers, caps and lids, which increased by 33% to X tons in 2021. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 40% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, base metal closure exports skyrocketed to $X in 2021. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Thailand (X tons) and the Philippines (X tons) were the main destinations of base metal closure exports from China, together comprising 31% of total exports. Vietnam, the United Arab Emirates, Indonesia, Peru, Tunisia, Russia, Cambodia, Malaysia, Saudi Arabia and Myanmar lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Tunisia (with a CAGR of +122.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for base metal closures, stoppers, caps and lids exports from China, comprising 20% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 6.6% share of total exports. It was followed by Thailand, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+25.4% per year) and Thailand (+26.0% per year).

Export Prices by Country

In 2021, the average base metal closure export price amounted to $X per ton, rising by 12% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Tunisia ($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 Arab Emirates (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into China

In 2021, overseas purchases of base metal closures, stoppers, caps and lids were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when imports increased by 26%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, base metal closure imports surged to $X in 2021. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of base metal closure to China, with a 23% share of total imports. Moreover, base metal closure imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.3% per year) and the UK (+41.7% per year).

In value terms, the largest base metal closure suppliers to China were Japan ($X), Germany ($X) and the United States ($X), with a combined 51% share of total imports. These countries were followed by Taiwan (Chinese), the UK, Italy, South Korea, Thailand, Malaysia, Hong Kong SAR and Saudi Arabia, which together accounted for a further 28%.

The UK, with a CAGR of +35.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average base metal closure import price amounted to $X per ton, increasing by 15% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price 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, base metal closure import price increased by +94.4% against 2012 indices. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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