Indonesia: Metal Crown Cork Market 2025

Metal Crown Cork Market Size in Indonesia

The Indonesian metal crown cork market shrank to $X in 2022, waning by -2.7% against the previous year. Over the period under review, consumption saw a perceptible descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Metal Crown Cork Production in Indonesia

In value terms, metal crown cork production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Metal Crown Cork Exports

Exports from Indonesia

After two years of decline, overseas shipments of iron or steel crown corks increased by 312% to X units in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal crown cork exports soared to $X in 2022. Over the period under review, exports, however, showed a perceptible contraction. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for metal crown cork exports from Indonesia, accounting for a 98% share of total exports. It was followed by Malaysia (X units), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to +49.1%.

In value terms, Vietnam ($X) remains the key foreign market for iron or steel crown corks exports from Indonesia, comprising 96% of total exports. The second position in the ranking was held by Malaysia ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Vietnam amounted to +63.1%.

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, with an increase of 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per thousand units), while the average price for exports to Vietnam stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into Indonesia

In 2022, approx. X units of iron or steel crown corks were imported into Indonesia; which is down by -12.9% on the year before. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 71%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal crown cork imports fell dramatically to $X in 2022. In general, imports recorded a noticeable decline. The growth pace was the most rapid in 2017 when imports increased by 98%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of metal crown cork to Indonesia, accounting for a 61% share of total imports. Moreover, metal crown cork imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by the Philippines (X units), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +305.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.6% per year) and the Philippines (-11.2% per year).

In value terms, the largest metal crown cork suppliers to Indonesia were China ($X), Thailand ($X) and the United States ($X), with a combined 80% share of total imports.

Thailand, with a CAGR of +187.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal crown cork import price amounted to $X per thousand units, reducing by -23.5% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 58%. As a result, import price attained the peak level of $X per thousand units. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per thousand units), while the price for Australia ($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 Malaysia (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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