GCC: Metal Crown Cork Market 2025

Metal Crown Cork Market Size in GCC

The GCC metal crown cork market surged to $X in 2022, rising by 40% against the previous year. In general, consumption continues to indicate a prominent increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Metal Crown Cork Production in GCC

In value terms, metal crown cork production totaled $X in 2022 estimated in export price. Overall, production showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 53%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Metal Crown Cork Exports

Exports in GCC

Metal crown cork exports declined remarkably to X units in 2022, which is down by -99.4% on the previous year. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 348%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal crown cork exports declined significantly to $X in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 587% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X units, which was approx. 92% of total exports in 2022. It was distantly followed by Bahrain (X units), constituting a 5% share of total exports. Oman (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of -8.7% from 2012 to 2022. At the same time, Oman (+2.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +2.4% from 2012-2022. By contrast, Bahrain (-5.0%) illustrated a downward trend over the same period. Oman (+2.1 p.p.) and Bahrain (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -3.6% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest metal crown cork supplier in GCC, comprising 93% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 4.3% share of total exports.

In the United Arab Emirates, metal crown cork exports shrank by an average annual rate of -11.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (-13.3% per year) and Oman (+14.8% per year).

Export Prices by Country

The export price in GCC stood at $X per thousand units in 2022, with a decrease of -28.6% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of 54%. The level of export peaked at $X per thousand units in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per thousand units), while Bahrain ($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 Oman (+12.2%), while the other leaders experienced a decline in the export price figures.

Metal Crown Cork Imports

Imports in GCC

In 2022, the amount of iron or steel crown corks imported in GCC reduced modestly to X units, waning by -4.4% on 2021. Over the period under review, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2014 with an increase of 55% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metal crown cork imports surged to $X in 2022. In general, imports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 327%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importer of iron or steel crown corks in GCC, with the volume of imports finishing at X units, which was approx. 76% of total imports in 2022. It was distantly followed by Oman (X units), mixing up a 16% share of total imports. Qatar (X units) and Kuwait (X units) held a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -3.2% from 2012 to 2022. At the same time, Qatar (+3.8%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +3.8% from 2012-2022. By contrast, Oman (-4.7%) and Kuwait (-15.6%) illustrated a downward trend over the same period. The United Arab Emirates (+4.5 p.p.) and Qatar (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Oman and Kuwait saw its share reduced by -1.6% and -7.4% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported iron or steel crown corks in GCC, comprising 19% of total imports. The second position in the ranking was held by Oman ($X), with a 2.5% share of total imports. It was followed by Qatar, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled -2.3%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-12.9% per year) and Qatar (+0.0% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per thousand units, with an increase of 333% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 501% against the previous year. The level of import peaked at $X per thousand units in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per thousand units), while Oman ($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 the United Arab Emirates (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform