Australia - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Australia - 2023
Contents:
- Base Metal Closure Price in Australia (CIF) - 2022
- Base Metal Closure Price in Australia (FOB) - 2022
- Base Metal Closure Imports in Australia
- Base Metal Closure Exports in Australia
Base Metal Closure Price in Australia (CIF) - 2022
The average base metal closure import price stood at $7,583 per ton in 2022, growing by 16% 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 +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal closure import price increased by +84.9% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 32%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($8,108 per ton) and the Philippines ($7,754 per ton), while the price for the United States ($7,302 per ton) and South Korea ($7,305 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Closure Price in Australia (FOB) - 2022
The average base metal closure export price stood at $7,368 per ton in 2022, growing by 8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 31%. As a result, the export price attained the peak level of $7,444 per ton; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to New Zealand ($7,513 per ton) and Papua New Guinea ($7,456 per ton), while the average price for exports to Thailand ($6,324 per ton) and New Caledonia ($6,671 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Imports in Australia
Base metal closure imports into Australia expanded rapidly to 11K tons in 2022, growing by 13% against the year before. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, base metal closure imports soared to $80M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Base Metal Closure in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.9 | 9.6 | 12.6 | 16.0 | 21.6% |
| Spain | 6.6 | 5.8 | 5.6 | 7.5 | 4.4% |
| Italy | 4.9 | 5.1 | 4.9 | 6.3 | 8.7% |
| France | 3.7 | 5.1 | 4.6 | 5.9 | 16.8% |
| Philippines | 3.9 | 2.9 | 4.1 | 5.3 | 10.8% |
| Germany | 3.3 | 4.7 | 4.2 | 5.3 | 17.1% |
| Thailand | 2.6 | 2.4 | 4.1 | 5.3 | 26.8% |
| India | 3.2 | 3.3 | 3.3 | 4.2 | 9.5% |
| Singapore | 3.5 | 2.3 | 2.8 | 3.6 | 0.9% |
| Malaysia | 1.5 | 2.5 | 2.1 | 2.7 | 21.6% |
| United States | 2.4 | 1.6 | 1.5 | 2.3 | -1.4% |
| Saudi Arabia | 1.8 | 1.8 | 1.7 | 2.2 | 6.9% |
| South Korea | 1.9 | 1.6 | 1.2 | 2.0 | 1.7% |
| Others | 7.4 | 9.4 | 8.3 | 11.6 | 16.2% |
| Total | 55.6 | 58.0 | 61.0 | 80.1 | 12.9% |
Top Suppliers of Base Metal Closure to Australia in 2022:
- China (1974.6 tons)
- Spain (1023.6 tons)
- Italy (852.7 tons)
- France (764.3 tons)
- Germany (697.8 tons)
- Philippines (681.7 tons)
- Thailand (677.1 tons)
- India (558.7 tons)
- Singapore (488.1 tons)
- Malaysia (353.2 tons)
- United States (317.5 tons)
- Saudi Arabia (299.4 tons)
- South Korea (267.5 tons)
Base Metal Closure Exports in Australia
In 2022, overseas shipments of base metal closures, stoppers, caps and lids were finally on the rise to reach 3.4K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, base metal closure exports soared to $25M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Base Metal Closure in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 10.3 | 13.5 | 13.2 | 19.3 | 23.3% |
| United States | 2.0 | 1.4 | 1.3 | 2.2 | 3.2% |
| Papua New Guinea | 0.3 | 0.3 | 0.7 | 1.0 | 49.4% |
| New Caledonia | 0.6 | 0.6 | 0.2 | 0.7 | 5.3% |
| Others | 1.6 | 0.8 | 0.7 | 1.5 | -2.1% |
| Total | 15.0 | 16.5 | 16.2 | 24.7 | 18.1% |
Top Export Markets for Base Metal Closure from Australia in 2022:
- New Zealand (2571.5 tons)
- United States (333.7 tons)
- Papua New Guinea (130.7 tons)
- New Caledonia (103.9 tons)
This report provides an in-depth analysis of the base metal closure market in Australia. 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 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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