Scandinavia: Metal Crown Cork Market 2025

Metal Crown Cork Market Size in Scandinavia

The Scandinavia metal crown cork market declined markedly to $X in 2022, shrinking by -25.4% against the previous year. Overall, consumption saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in Scandinavia

In value terms, metal crown cork production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Metal Crown Cork Exports

Exports in Scandinavia

In 2022, shipments abroad of iron or steel crown corks increased by 23% to X units, rising for the third consecutive year after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 24%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal crown cork exports skyrocketed to $X in 2022. Overall, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of iron or steel crown corks, namely Finland, represented more than two-thirds of total export.

Finland was also the fastest-growing in terms of the iron or steel crown corks exports, with a CAGR of +6.1% from 2012 to 2022. While the share of Finland (+3.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) also remains the largest metal crown cork supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Finland amounted to +12.0%.

Export Prices by Country

The export price in Scandinavia stood at $X per thousand units in 2022, growing by 27% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 export price increased by +79.2% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to +5.1% per year.

Metal Crown Cork Imports

Imports in Scandinavia

For the sixth year in a row, Scandinavia recorded decline in purchases abroad of iron or steel crown corks, which decreased by -9.7% to X units in 2022. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal crown cork imports contracted to $X in 2022. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden represented the major importing country with an import of around X units, which accounted for 80% of total imports. Norway (X units) ranks second in terms of the total imports with an 11% share, followed by Finland (8.8%).

Imports into Sweden decreased at an average annual rate of -18.8% from 2012 to 2022. Finland (-11.0%) and Norway (-13.2%) illustrated a downward trend over the same period. Finland (+4.9 p.p.) and Norway (+4.7 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -9.6% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported iron or steel crown corks in Scandinavia, comprising 73% of total imports. The second position in the ranking was taken by Norway ($X), with a 20% share of total imports.

In Sweden, metal crown cork imports decreased by an average annual rate of -10.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-8.9% per year) and Finland (-14.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per thousand units in 2022, growing by 3.6% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.7% 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 +41.4% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 58%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Norway ($X per thousand units), while Finland ($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 Sweden (+10.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform