Indonesia: Base Metal Closure Market 2025

Base Metal Closure Market Size in Indonesia

The Indonesian base metal closure market fell to $X in 2021, which is down by -5.6% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.7% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Base Metal Closure Production in Indonesia

In value terms, base metal closure production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.2% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 96%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Base Metal Closure Exports

Exports from Indonesia

In 2021, the amount of base metal closures, stoppers, caps and lids exported from Indonesia contracted significantly to X tons, reducing by -16.7% against the previous year. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by 28%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, base metal closure exports rose modestly to $X in 2021. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 38%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for base metal closure exports from Indonesia, with a 43% share of total exports. Moreover, base metal closure exports to Papua New Guinea exceeded the volume sent to the second major destination, Singapore (X tons), twofold. The Philippines (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Papua New Guinea stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-10.8% per year) and the Philippines (-17.7% per year).

In value terms, Papua New Guinea ($X), Singapore ($X) and Vietnam ($X) constituted the largest markets for base metal closure exported from Indonesia worldwide, with a combined 65% share of total exports. These countries were followed by Thailand, the Philippines, New Caledonia, Mauritius, Malaysia, Oman, the United Arab Emirates, India and South Korea, which together accounted for a further 26%.

The United Arab Emirates, with a CAGR of +36.7%, 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

In 2021, the average base metal closure export price amounted to $X per ton, picking up by 23% against the previous year. In general, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2018 when the average export price increased by 54% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Indonesia

Base metal closure imports into Indonesia was estimated at X tons in 2021, flattening at 2020. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.5% against 2013 indices. The pace of growth appeared the most rapid in 2020 with an increase of 24%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, base metal closure imports soared to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 24%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Thailand (X tons) and Malaysia (X tons) were the main suppliers of base metal closure imports to Indonesia, with a combined 84% share of total imports. These countries were followed by Singapore, South Korea, Vietnam and the Philippines, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +72.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal closure suppliers to Indonesia were Thailand ($X), China ($X) and South Korea ($X), together accounting for 72% of total imports. These countries were followed by Malaysia, Vietnam, Singapore and the Philippines, which together accounted for a further 13%.

Among the main suppliers, Vietnam, with a CAGR of +80.8%, saw 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

In 2021, the average base metal closure import price amounted to $X per ton, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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