Eastern Europe: Base Metal Closure Market 2024

Base Metal Closure Market Size in Eastern Europe

In 2021, the East European base metal closure market decreased by -6.9% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Base Metal Closure Production in Eastern Europe

In value terms, base metal closure production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16%. Over the period under review, production reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Base Metal Closure Exports

Exports in Eastern Europe

For the tenth consecutive year, Eastern Europe recorded growth in shipments abroad of base metal closures, stoppers, caps and lids, which increased by 7.8% to X tons in 2021. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 15% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, base metal closure exports surged to $X in 2021. Overall, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by 18%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

In 2021, Poland (X tons) represented the key exporter of base metal closures, stoppers, caps and lids, constituting 42% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with a 25% share, followed by Ukraine (5.9%), Hungary (5.5%) and Russia (5.2%). The following exporters - Slovakia (X tons) and Lithuania (X tons) - each amounted to a 7.7% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +14.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest base metal closure supplier in Eastern Europe, comprising 56% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 15% share of total exports. It was followed by Ukraine, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in Poland stood at +13.8%. In the other countries, the average annual rates were as follows: the Czech Republic (+8.0% per year) and Ukraine (+1.1% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, rising by 9.6% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+1.0%), while the other leaders experienced more modest paces of growth.

Base Metal Closure Imports

Imports in Eastern Europe

In 2021, imports of base metal closures, stoppers, caps and lids in Eastern Europe stood at X tons, surging by 4.4% against 2020. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 41%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, base metal closure imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of base metal closure imports in 2021 were Poland (X tons), Russia (X tons) and Hungary (X tons), together recording 65% of total import. Romania (X tons) took the next position in the ranking, followed by the Czech Republic (X tons). All these countries together held near 16% share of total imports. The following importers - Slovakia (X tons) and Belarus (X tons) - each accounted for an 8.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +8.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal closure importing markets in Eastern Europe were Poland ($X), Russia ($X) and Hungary ($X), together accounting for 60% of total imports. These countries were followed by Romania, the Czech Republic, Slovakia and Belarus, which together accounted for a further 27%.

Belarus, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, with an increase of 10% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 14%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Slovakia ($X per ton), while Hungary ($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 Czech Republic (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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