EU: Base Metal Closure Market 2025

Base Metal Closure Market Size in the EU

The EU base metal closure market was finally on the rise to reach $X in 2021, after four years of decline. Overall, consumption continues to indicate significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Base Metal Closure Production in the EU

In value terms, base metal closure production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, production hit record highs in 2021 and is expected to retain growth in the near future.

Base Metal Closure Exports

Exports in the EU

In 2021, exports of base metal closures, stoppers, caps and lids in the European Union expanded notably to X tons, surging by 7.9% against 2020. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 10% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, base metal closure exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Italy (X tons), Poland (X tons), Spain (X tons), France (X tons), Germany (X tons) and the Czech Republic (X tons) represented the main exporter of base metal closures, stoppers, caps and lids in the European Union, achieving 77% of total export. It was distantly followed by the Netherlands (X tons), mixing up a 5.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +13.6%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 47% share of total exports.

Among the main exporting countries, Poland, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 9.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 10%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the other leaders experienced more modest paces of growth.

Base Metal Closure Imports

Imports in the EU

In 2021, supplies from abroad of base metal closures, stoppers, caps and lids increased by 5.3% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 8.2%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, base metal closure imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 France (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons), Spain (X tons), Poland (X tons), Austria (X tons), Italy (X tons), Greece (X tons) and Hungary (X tons), together recording 86% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +13.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together accounting for 45% of total imports. These countries were followed by Spain, Italy, Austria, Poland, Belgium, Hungary and Greece, which together accounted for a further 38%.

Greece, with a CAGR of +8.9%, 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 the European Union stood at $X per ton in 2021, surging by 14% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Italy ($X per ton), while Belgium ($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 Netherlands (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :