Report Update Nov 1, 2024

Singapore - Iron or Steel Crown Corks - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Metal Crown Cork Market 2024

Metal Crown Cork Exports

Exports from Singapore

In 2022, after two years of decline, there was significant growth in shipments abroad of iron or steel crown corks, when their volume increased by 49% to X units. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 247% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal crown cork exports surged to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 105% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for metal crown cork exports from Singapore, accounting for a 82% share of total exports. Moreover, metal crown cork exports to the United States exceeded the volume sent to the second major destination, Malaysia (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +27.0%.

In value terms, the United States ($X) remains the key foreign market for iron or steel crown corks exports from Singapore, comprising 89% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +10.6%.

Export Prices by Country

In 2022, the average metal crown cork export price amounted to $X per thousand units, falling by -11.8% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 332% against the previous year. As a result, the export price reached the peak level of $X per thousand units. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while the average price for exports to Malaysia stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.4%), while the prices for the other major destinations experienced a decline.

Metal Crown Cork Imports

Imports into Singapore

In 2022, supplies from abroad of iron or steel crown corks increased by 146% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 422%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal crown cork imports surged to $X in 2022. In general, imports enjoyed tangible growth. The growth pace was the most rapid in 2018 when imports increased by 357% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X units), the United States (X units) and Indonesia (X units) were the main suppliers of metal crown cork imports to Singapore, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +33.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest metal crown cork suppliers to Singapore were Malaysia ($X), the United States ($X) and Indonesia ($X), together comprising 97% of total imports.

Malaysia, with a CAGR of +35.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average metal crown cork import price amounted to $X per thousand units, growing by 14% against the previous year. In general, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 88%. As a result, import price attained the peak level of $X per thousand units. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per thousand units), while the price for Indonesia ($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 Malaysia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel crown corks in the world?

The countries with the highest volumes of metal crown cork consumption in 2020 were China, the United States and India, together comprising 50% of global consumption.

What are the largest producers of iron or steel crown corks in the world?

The countries with the highest volumes of metal crown cork production in 2020 were China, the United States and India, with a combined 49% share of global production.

What are the leading suppliers of iron or steel crown corks to Singapore?

In value terms, Malaysia constituted the largest supplier of metal crown cork to Singapore, comprising 87% of total imports. The second position in the ranking was occupied by Indonesia, with a 3.6% share of total imports. It was followed by France, with a 2.2% share.

What are the leading importers of iron or steel crown corks from Singapore?

In value terms, the United States remains the key foreign market for metal crown cork exports from Singapore, comprising 97% of total exports. The second position in the ranking was occupied by Indonesia, with a 1.8% share of total exports.

What is the average export price for iron or steel crown corks in Singapore?

In 2020, the average metal crown cork export price amounted to $0.1 per unit, rising by 248% against the previous year.

What is the average import price for iron or steel crown corks in Singapore?

In 2020, the average metal crown cork import price amounted to $5.5 per thousand units, almost unchanged from the previous year.

This report provides an in-depth analysis of the metal crown cork market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25921330 - Iron or steel crown corks

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023