South-Eastern Asia: Base Metal Closure Market 2025

Base Metal Closure Market Size in South-Eastern Asia

The Southeast Asian base metal closure market stood at $X in 2021, remaining constant against the previous year. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.9% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Base Metal Closure Production in South-Eastern Asia

In value terms, base metal closure production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 47%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Base Metal Closure Exports

Exports in South-Eastern Asia

In 2021, the amount of base metal closures, stoppers, caps and lids exported in South-Eastern Asia rose slightly to X tons, increasing by 4.2% compared with the year before. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, base metal closure exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the main exporting country with an export of around X tons, which accounted for 40% of total exports. It was distantly followed by Malaysia (X tons), Singapore (X tons) and Vietnam (X tons), together comprising a 49% share of total exports. The Philippines (X tons), Indonesia (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest base metal closure supplier in South-Eastern Asia, comprising 39% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 19% share of total exports. It was followed by Malaysia, with an 18% share.

In Thailand, base metal closure exports expanded at an average annual rate of +8.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+21.5% per year) and Malaysia (+7.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, jumping by 18% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export 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 exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the other leaders experienced more modest paces of growth.

Base Metal Closure Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of base metal closures, stoppers, caps and lids were imported in South-Eastern Asia; rising by 5.1% on 2020 figures. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +90.3% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, base metal closure imports surged to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), Vietnam (X tons), the Philippines (X tons) and Indonesia (X tons) represented the main importer of base metal closures, stoppers, caps and lids in South-Eastern Asia, comprising 77% of total import. It was distantly followed by Malaysia (X tons) and Myanmar (X tons), together mixing up a 14% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2021, together comprising 58% of total imports. These countries were followed by Indonesia, Malaysia, Myanmar and Singapore, which together accounted for a further 38%.

Myanmar, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Myanmar ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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