Denmark: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Denmark

In 2022, the Danish metal crown cork market increased by 203% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw pronounced growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Crown Cork Production in Denmark

In value terms, metal crown cork production fell significantly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 400% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Metal Crown Cork Exports

Exports from Denmark

In 2022, overseas shipments of iron or steel crown corks decreased by -88.1% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 968% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal crown cork exports reduced notably to $X in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 713%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units), Greenland (X units) and Kuwait (X units) were the main destinations of metal crown cork exports from Denmark, with a combined 76% share of total exports. These countries were followed by Iceland, Germany, Norway and the UK, which together accounted for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +49.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) emerged as the key foreign market for iron or steel crown corks exports from Denmark, comprising 36% of total exports. The second position in the ranking was taken by the UK ($X), with a 15% share of total exports. It was followed by Kuwait, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Kuwait (+5.4% per year).

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, with an increase of 50% against the previous year. Over the period under review, the export price saw noticeable growth. The pace of growth was the most pronounced in 2015 an increase of 173%. The export price peaked at $X per thousand units in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per thousand units), while the average price for exports to Greenland ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into Denmark

In 2022, the amount of iron or steel crown corks imported into Denmark surged to X units, picking up by 178% against the year before. In general, imports, however, recorded a mild curtailment. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal crown cork imports soared to $X in 2022. Over the period under review, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest metal crown cork supplier to Denmark, accounting for a 82% share of total imports. Moreover, metal crown cork imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+22.2% per year) and Italy (+6.9% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel crown corks to Denmark, comprising 79% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+31.6% per year) and Italy (+3.3% per year).

Import Prices by Country

In 2022, the average metal crown cork import price amounted to $X per thousand units, growing by 23% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal crown cork import price increased by +36.0% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per thousand units), while the price for Italy ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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