India: Metal Crown Cork Market 2025

Metal Crown Cork Market Size in India

The Indian metal crown cork market shrank to $X in 2022, dropping by -4.8% against the previous year. In general, consumption continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 8.2% against the previous year. Metal crown cork consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Crown Cork Production in India

In value terms, metal crown cork production declined to $X in 2022 estimated in export price. In general, production continues to indicate a mild setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 10% 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 India

In 2022, overseas shipments of iron or steel crown corks increased by 32% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metal crown cork exports surged to $X in 2022. Over the period under review, exports, however, recorded a pronounced reduction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X units), Mozambique (X units) and Nepal (X units) were the main destinations of metal crown cork exports from India, together accounting for 61% of total exports. These countries were followed by Sri Lanka, Papua New Guinea, Djibouti, Zambia and Democratic Republic of the Congo, which together accounted for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (with a CAGR of +67.7%), while the other leaders experienced more modest paces of growth.

In value terms, Ethiopia ($X), Mozambique ($X) and Nepal ($X) constituted the largest markets for metal crown cork exported from India worldwide, with a combined 61% share of total exports. These countries were followed by Sri Lanka, Papua New Guinea, Djibouti, Zambia and Democratic Republic of the Congo, which together accounted for a further 27%.

Papua New Guinea, with a CAGR of +88.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, jumping by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per thousand units), while the average price for exports to Zambia ($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 Democratic Republic of the Congo (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into India

In 2022, overseas purchases of iron or steel crown corks decreased by -92.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 458% against the previous year. Imports peaked at X units in 2021, and then plummeted in the following year.

In value terms, metal crown cork imports declined rapidly to $X in 2022. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 197% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

France (X units), the United States (X units) and China (X units) were the main suppliers of metal crown cork imports to India, with a combined 88% share of total imports. Hong Kong SAR, Belgium and Australia lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Australia ($X) were the largest metal crown cork suppliers to India, together comprising 87% of total imports. China, Belgium and Hong Kong SAR lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +19.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, picking up by 597% against the previous year. In general, the import price showed a moderate expansion. Over the period under review, average import prices hit record highs at $X per thousand units in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per thousand units), while the price for China ($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 France (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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