France: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in France

The French metal crown cork market shrank notably to $X in 2022, with a decrease of -19.7% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Metal Crown Cork Production in France

In value terms, metal crown cork production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, saw a slight increase. The growth pace was the most rapid in 2013 when the production volume increased by 115% against the previous year. Metal crown cork production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Metal Crown Cork Exports

Exports from France

In 2022, shipments abroad of iron or steel crown corks increased by 43% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a mild setback. 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 soared to $X in 2022. In general, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.7% against 2020 indices. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for metal crown cork exports from France, accounting for a 38% share of total exports. Moreover, metal crown cork exports to Spain exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by Portugal (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +156.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.3% per year) and Portugal (+38.1% per year).

In value terms, Spain ($X) remains the key foreign market for iron or steel crown corks exports from France, comprising 31% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Portugal, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +126.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.2% per year) and Portugal (+36.3% per year).

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, rising by 28% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per thousand units), while the average price for exports to Angola ($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 Paraguay (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into France

After three years of decline, supplies from abroad of iron or steel crown corks increased by 8.9% to X units in 2022. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, metal crown cork imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of metal crown cork to France, with a 77% share of total imports. Moreover, metal crown cork imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. The third position in this ranking was held by Spain (X units), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+54.0% per year) and Spain (-5.8% per year).

In value terms, Italy ($X) constituted the largest supplier of iron or steel crown corks to France, comprising 74% of total imports. The second position in the ranking was held by Poland ($X), with a 12% share of total imports. It was followed by Spain, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+57.7% per year) and Spain (-4.4% per year).

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, picking up by 2.7% against the previous year. In general, the import price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. The import price peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per thousand units), while the price for Slovakia ($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 Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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