Poland: Base Metal Closure Market 2024

Base Metal Closure Market Size in Poland

The Polish base metal closure market contracted rapidly to $X in 2021, waning by -35% against the previous year. Overall, consumption showed a abrupt shrinkage. Base metal closure consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Base Metal Closure Production in Poland

In value terms, base metal closure production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 30% against the previous year. Base metal closure production peaked at $X in 2020, and then fell in the following year.

Base Metal Closure Exports

Exports from Poland

In 2021, the amount of base metal closures, stoppers, caps and lids exported from Poland reached X tons, increasing by 10% compared with 2020. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 23%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, base metal closure exports soared to $X in 2021. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of base metal closure exports from Poland, with a combined 32% share of total exports. Russia, Austria, Sweden, Spain, the Czech Republic, Turkey, France, Romania, Serbia and Finland lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +34.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the Netherlands ($X) were the largest markets for base metal closure exported from Poland worldwide, with a combined 32% share of total exports. Russia, Austria, France, the Czech Republic, Sweden, Spain, Romania, Serbia, Turkey and Finland lagged somewhat behind, together accounting for a further 40%.

Serbia, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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, rising by 6.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 10%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($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 Sweden (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Poland

In 2021, approx. X tons of base metal closures, stoppers, caps and lids were imported into Poland; with an increase of 2.1% compared with the year before. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.9% against 2014 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 23%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, base metal closure imports surged to $X in 2021. Overall, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.7% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of base metal closure imports to Poland, with a combined 47% share of total imports. Italy, China, France, Slovakia, Lithuania, the Netherlands, the United Arab Emirates, Ireland, Ukraine and India lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +220.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of base metal closures, stoppers, caps and lids to Poland, comprising 30% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 8.9% share of total imports. It was followed by Hungary, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+15.6% per year) and Hungary (+83.8% per year).

Import Prices by Country

The average base metal closure import price stood at $X per ton in 2021, with an increase of 15% against the previous year. Overall, the import price, however, recorded a mild descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Arab Emirates ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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