Middle East: Base Metal Closure Market 2025

Base Metal Closure Market Size in the Middle East

The Middle Eastern base metal closure market rose remarkably to $X in 2021, picking up by 7% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 -9.5% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Base Metal Closure Production in the Middle East

In value terms, base metal closure production soared to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Base Metal Closure Exports

Exports in the Middle East

In 2021, shipments abroad of base metal closures, stoppers, caps and lids increased by 62% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal closure exports skyrocketed to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the largest exporter of base metal closures, stoppers, caps and lids in the Middle East, with the volume of exports recording X tons, which was near 52% of total exports in 2021. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 30% share, followed by Saudi Arabia (17%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest base metal closure supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), with a combined 99% share of total exports.

Turkey, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, surging by 12% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.2%), while the other leaders experienced a decline in the export price figures.

Base Metal Closure Imports

Imports in the Middle East

In 2021, supplies from abroad of base metal closures, stoppers, caps and lids increased by 20% to X tons, rising for the fifth year in a row after two years of decline. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 +63.5% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal closure imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) was the main importer of base metal closures, stoppers, caps and lids in the Middle East, generating 61% of total import. It was distantly followed by Iraq (X tons), Oman (X tons), Jordan (X tons) and Israel (X tons), together committing a 27% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal closure importing markets in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising 61% of total imports. Jordan, Israel, Iraq and Oman lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Iraq, with a CAGR of +29.7%, saw the highest growth rate of 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 import price in the Middle East stood at $X per ton in 2021, growing by 5.1% against the previous year. In general, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018 an increase of 6.7% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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