Northern America: Metal Crown Cork Market 2025

Metal Crown Cork Market Size in Northern America

The North American metal crown cork market was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in Northern America

In value terms, metal crown cork production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Metal Crown Cork Exports

Exports in Northern America

For the fifth year in a row, Northern America recorded decline in overseas shipments of iron or steel crown corks, which decreased by -17.6% to X units in 2022. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by 11%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal crown cork exports dropped to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Canada prevails in exports structure, amounting to X units, which was approx. 94% of total exports in 2022. It was distantly followed by the United States (X units), generating a 5.8% share of total exports.

Canada was also the fastest-growing in terms of the iron or steel crown corks exports, with a CAGR of +4.3% from 2012 to 2022. The United States (-27.4%) illustrated a downward trend over the same period. Canada (+64 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -64.1% from 2012 to 2022, respectively.

In value terms, the largest metal crown cork supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of +6.3%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per thousand units, picking up by 17% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 33%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while Canada stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.4%).

Metal Crown Cork Imports

Imports in Northern America

In 2022, overseas purchases of iron or steel crown corks decreased by -7.1% to X units, falling for the seventh year in a row after four years of growth. Overall, imports saw a deep reduction. The growth pace was the most rapid in 2013 when imports increased by 74% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, metal crown cork imports surged to $X in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 70%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the two major importers of iron or steel crown corks, namely the United States and Canada, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of -6.4%).

In value terms, the United States ($X) constitutes the largest market for imported iron or steel crown corks in Northern America, comprising 90% of total imports. The second position in the ranking was taken by Canada ($X), with a 9.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +7.8%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per thousand units, picking up by 27% against the previous year. Overall, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 an increase of 177%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per thousand units), while Canada amounted to $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.1%).

Source: IndexBox Platform

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