Northern America: Base Metal Closure Market 2025

Base Metal Closure Market Size in Northern America

The North American base metal closure market expanded remarkably to $X in 2021, rising by 14% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Base Metal Closure Production in Northern America

In value terms, base metal closure production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Base Metal Closure Exports

Exports in Northern America

In 2021, base metal closure exports in Northern America rose remarkably to X tons, growing by 13% against the previous year. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, base metal closure exports soared to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States represented the largest exporting country with an export of about X tons, which reached 74% of total exports. It was distantly followed by Canada (X tons), comprising a 26% share of total exports.

Exports from the United States decreased at an average annual rate of -1.0% from 2012 to 2021. At the same time, Canada (+5.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.0% from 2012-2021. While the share of Canada (+8.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-8.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest base metal closure supplier in Northern America, comprising 75% of total exports. The second position in the ranking was held by Canada ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to -1.1%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 2.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.1%).

Base Metal Closure Imports

Imports in Northern America

In 2021, base metal closure imports in Northern America surged to X tons, picking up by 44% compared with the previous year's figure. In general, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal closure imports skyrocketed to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +99.1% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of base metal closure imports in 2021 were the United States (X tons) and Canada (X tons), together recording 99.9% of total import.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +11.1%).

In value terms, the United States ($X) constitutes the largest market for imported base metal closures, stoppers, caps and lids in Northern America, comprising 71% of total imports. The second position in the ranking was held by Canada ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +9.3%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, falling by -8% against the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in 2020 an increase of 17%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.0%).

Source: IndexBox Platform

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