Japan: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Japan

The Japanese metal crown cork market reduced modestly to $X in 2022, declining by -3.7% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in Japan

In value terms, metal crown cork production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 32%. Metal crown cork production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Metal Crown Cork Exports

Exports from Japan

In 2022, shipments abroad of iron or steel crown corks was finally on the rise to reach X units after three years of decline. Overall, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal crown cork exports surged to $X in 2022. Over the period under review, exports, however, saw a significant decrease. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for metal crown cork exports from Japan, with a 71% share of total exports. Moreover, metal crown cork exports to India exceeded the volume sent to the second major destination, Turkey (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-16.9% per year) and Russia (-7.8% per year).

In value terms, the largest markets for metal crown cork exported from Japan were India ($X), Russia ($X) and Turkey ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of -8.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average metal crown cork export price amounted to $X per thousand units, shrinking by -13.1% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2019 when the average export price increased by 2.6% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per thousand units), while the average price for exports to Turkey ($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 Russia (-0.2%), while the prices for the other major destinations experienced a decline.

Metal Crown Cork Imports

Imports into Japan

In 2022, approx. X units of iron or steel crown corks were imported into Japan; rising by 39% on the previous year. In general, imports saw resilient growth. The growth pace was the most rapid in 2014 with an increase of 101%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, metal crown cork imports soared to $X in 2022. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X units) constituted the largest supplier of metal crown cork to Japan, accounting for a 69% share of total imports. Moreover, metal crown cork imports from France exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. Australia (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.5% per year) and Australia (+14.0% per year).

In value terms, France ($X) constituted the largest supplier of iron or steel crown corks to Japan, comprising 85% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.8% share of total imports. It was followed by Australia, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.8% per year) and Australia (+13.8% per year).

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, with an increase of 22% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal crown cork import price increased by +18.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per thousand units), while the price for Australia ($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 France (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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