U.S.: Metal Can Market 2024

Metal Can Market Size in the U.S.

In 2022, the U.S. metal can market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated perceptible growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then dropped markedly in the following year.

Metal Can Production in the U.S.

In value terms, metal can production contracted to $X in 2022. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Metal can production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Metal Can Exports

Exports from the U.S.

In 2022, overseas shipments of metal can increased by X% to X units, rising for the fourth consecutive year after four years of decline. Overall, exports, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal can exports rose significantly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Mexico (X units) and the Dominican Republic (X units) were the main destinations of metal can exports from the United States, together accounting for X% of total exports.

From 2013 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for metal can exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2022, the average metal can export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Trinidad and Tobago ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Can Imports

Imports into the U.S.

In 2022, after three years of growth, there was significant decline in supplies from abroad of metal can, when their volume decreased by X% to X units. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then shrank rapidly in the following year.

In value terms, metal can imports declined to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Mexico (X units) constituted the largest metal can supplier to the United States, with a X% share of total imports. Moreover, metal can imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X units), threefold. The third position in this ranking was taken by South Africa (X units), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and South Africa (X% per year).

In value terms, the largest metal can suppliers to the United States were China ($X), Germany ($X) and Canada ($X), with a combined X% share of total imports. Mexico, France, Brazil, the UK, India, the United Arab Emirates, South Korea, South Africa and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal can import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt contraction. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :