South Africa: Metal Crown Cork Market 2025

Metal Crown Cork Market Size in South Africa

In 2022, the South African metal crown cork market increased by 9% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 10%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in South Africa

In value terms, metal crown cork production shrank to $X in 2022 estimated in export price. Overall, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Metal Crown Cork Exports

Exports from South Africa

In 2022, the amount of iron or steel crown corks exported from South Africa dropped to X units, reducing by -4.7% compared with 2021. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 173% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal crown cork exports rose rapidly to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 277%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mozambique (X units), Zambia (X units) and Ghana (X units) were the main destinations of metal crown cork exports from South Africa, together accounting for 71% of total exports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +28.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal crown cork exported from South Africa were Mozambique ($X), Zambia ($X) and Zimbabwe ($X), together comprising 70% of total exports.

In terms of the main countries of destination, Zambia, with a CAGR of +27.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal crown cork export price amounted to $X per thousand units, rising by 14% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per thousand units. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Lesotho ($X per thousand units) and Zimbabwe ($X per thousand units), while the average price for exports to Swaziland ($X per thousand units) and Zambia ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into South Africa

In 2022, the amount of iron or steel crown corks imported into South Africa surged to X units, growing by 71% against the year before. Over the period under review, imports continue to indicate a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of metal crown cork to South Africa, accounting for a 59% share of total imports. Moreover, metal crown cork imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Greece (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and Greece (+34.6% per year).

In value terms, Italy ($X) constituted the largest supplier of iron or steel crown corks to South Africa, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Greece, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and Greece (+41.3% per year).

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, with an increase of 42% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +78.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per thousand units), while the price for India ($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 Italy (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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