Romania: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Romania

The Romanian metal crown cork market soared to $X in 2023, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Metal Crown Cork Exports

Exports from Romania

In 2023, metal crown cork exports from Romania soared to X units, with an increase of X% compared with 2022 figures. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.

In value terms, metal crown cork exports soared to $X in 2023. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to continue growth in years to come.

Exports by Country

Germany (X units), Moldova (X units) and Hungary (X units) were the main destinations of metal crown cork exports from Romania, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal crown cork exported from Romania were Moldova ($X), Germany ($X) and Bulgaria ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Moldova, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average metal crown cork export price amounted to $X per thousand units, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per thousand units in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Moldova ($X per thousand units), while the average price for exports to Hungary ($X per thousand units) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Crown Cork Imports

Imports into Romania

In 2023, imports of iron or steel crown corks into Romania rose slightly to X units, growing by X% on 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, metal crown cork imports soared to $X in 2023. Overall, total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the Czech Republic (X units) constituted the largest supplier of metal crown cork to Romania, accounting for a X% share of total imports. Moreover, metal crown cork imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Greece (X units), threefold. The third position in this ranking was held by Serbia (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Serbia (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of iron or steel crown corks to Romania, comprising X% of total imports. The second position in the ranking was taken by Greece ($X), with a X% share of total imports. It was followed by Serbia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Serbia (X% per year).

Import Prices by Country

In 2023, the average metal crown cork import price amounted to $X per thousand units, growing by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal crown cork import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per thousand units), while the price for Serbia ($X per thousand units) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform