Hong Kong SAR, China: Metal Crown Cork Market 2025

Metal Crown Cork Market Size in Hong Kong SAR, China

The Hong Kong metal crown cork market stood at $X in 2022, surging by 7.6% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Crown Cork Production in Hong Kong SAR, China

In value terms, metal crown cork production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 55%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Metal Crown Cork Exports

Exports from Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of iron or steel crown corks, which decreased by -15.6% to X units in 2022. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 344% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal crown cork exports dropped to $X in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 476%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for metal crown cork exports from Hong Kong SAR, accounting for a 51% share of total exports. Moreover, metal crown cork exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by France (X units), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-24.6% per year) and France (+98.0% per year).

In value terms, China ($X) remains the key foreign market for iron or steel crown corks exports from Hong Kong SAR, comprising 58% of total exports. The second position in the ranking was taken by France ($X), with a 20% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+47.4% per year) and the United States (-23.2% per year).

Export Prices by Country

In 2022, the average metal crown cork export price amounted to $X per thousand units, picking up by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per thousand units. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per thousand units), while the average price for exports to Grenada ($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 the United States (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Crown Cork Imports

Imports into Hong Kong SAR, China

In 2022, after two years of decline, there was significant growth in purchases abroad of iron or steel crown corks, when their volume increased by 34% to X units. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2013 when imports increased by 100% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metal crown cork imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by 108%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main metal crown cork supplier to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -9.6%.

In value terms, China ($X) constituted the largest supplier of iron or steel crown corks to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.7%.

Import Prices by Country

In 2022, the average metal crown cork import price amounted to $X per thousand units, reducing by -9.7% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the average import price increased by 30% against the previous year. The import price peaked at $X per thousand units in 2021, and then fell in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :