Japan: Base Metal Closure Market 2025

Base Metal Closure Market Size in Japan

The Japanese base metal closure market expanded sharply to $X in 2021, with an increase of 7.5% against the previous year. Over the period under review, consumption, however, continues to indicate a slight curtailment. Base metal closure consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Base Metal Closure Production in Japan

In value terms, base metal closure production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Base metal closure production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Base Metal Closure Exports

Exports from Japan

Base metal closure exports from Japan expanded markedly to X tons in 2021, growing by 7.3% against the previous year's figure. Overall, exports, however, continue to indicate a pronounced slump. The growth pace was the most rapid in 2018 when exports increased by 41%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, base metal closure exports expanded markedly to $X in 2021. In general, exports, however, showed a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 36%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main destinations of base metal closure exports from Japan, with a combined 75% share of total exports. These countries were followed by Kazakhstan, Taiwan (Chinese), Thailand, the United States, India, Canada, Turkey and Russia, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +24.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and the United States ($X) constituted the largest markets for base metal closure exported from Japan worldwide, with a combined 73% share of total exports. These countries were followed by Kazakhstan, Thailand, Vietnam, Taiwan (Chinese), India, Canada, Russia and Turkey, which together accounted for a further 15%.

Thailand, with a CAGR of +21.8%, saw the highest rates of growth with regard to the value of exports, among 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, approximately equating the previous year. Over the period under review, the export price saw a slight setback. The growth pace was the most rapid in 2020 an increase of 17%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 Portugal (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Japan

Base metal closure imports into Japan stood at X tons in 2021, leveling off at 2020. Overall, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 11%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, base metal closure imports dropped to $X in 2021. Over the period under review, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest base metal closure supplier to Japan, accounting for a 39% share of total imports. Moreover, base metal closure imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.7% per year) and Malaysia (+1.6% per year).

In value terms, the largest base metal closure suppliers to Japan were China ($X), Taiwan (Chinese) ($X) and the United States ($X), with a combined 55% share of total imports. These countries were followed by Malaysia, France, Vietnam, Spain and South Korea, which together accounted for a further 26%.

Vietnam, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average base metal closure import price stood at $X per ton in 2021, which is down by -9.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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