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India - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in India - 2023
Contents:
- Base Metal Closure Price in India (FOB) - 2022
- Base Metal Closure Price in India (CIF) - 2022
- Base Metal Closure Exports in India
- Base Metal Closure Imports in India
Base Metal Closure Price in India (FOB) - 2022
The average base metal closure export price stood at $4,843 per ton in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2019 an increase of 22%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($7,598 per ton), while the average price for exports to Oman ($2,639 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Price in India (CIF) - 2022
In 2022, the average base metal closure import price amounted to $7,135 per ton, with an increase of 17% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. Over the period under review, average import prices reached the peak figure at $8,095 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($30,534 per ton), while the price for China ($4,101 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Closure Exports in India
In 2022, base metal closure exports from India contracted to 27K tons, with a decrease of -6.5% on 2021 figures. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of 29K tons, and then declined in the following year.
In value terms, base metal closure exports contracted to $132M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 43%. As a result, the exports attained the peak of $140M, and then reduced in the following year.
Export of Base Metal Closure in India (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 15.9 | 17.7 | 40.4 | 37.0 | 32.5% |
United Arab Emirates | 7.6 | 7.9 | 9.0 | 8.2 | 2.6% |
South Korea | 6.5 | 6.1 | 8.7 | 8.0 | 7.2% |
Germany | 5.3 | 4.5 | 7.6 | 7.0 | 9.7% |
Nepal | 2.4 | 2.3 | 5.5 | 5.0 | 27.7% |
Italy | 2.5 | 2.1 | 4.8 | 4.4 | 20.7% |
Nigeria | 2.8 | 3.2 | 4.5 | 4.1 | 13.6% |
Singapore | 3.2 | 3.3 | 3.8 | 3.5 | 3.0% |
Poland | 1.9 | 2.1 | 3.1 | 2.9 | 15.1% |
Malaysia | 2.2 | 2.7 | 2.7 | 2.5 | 4.4% |
Netherlands | 1.5 | 1.9 | 2.7 | 2.4 | 17.0% |
Brazil | 1.3 | 1.4 | 2.4 | 2.2 | 19.2% |
Oman | 1.4 | 2.5 | 1.3 | 1.5 | 2.3% |
Others | 45.8 | 40.4 | 43.3 | 43.3 | -1.9% |
Total | 100 | 98.1 | 140 | 132 | 9.7% |
Top Export Markets for Base Metal Closure from India in 2022:
- United States (7.0K tons)
- United Arab Emirates (2.5K tons)
- Germany (1.8K tons)
- South Korea (1.7K tons)
- Italy (1.1K tons)
- Poland (0.7K tons)
- Nepal (0.7K tons)
- Nigeria (0.7K tons)
- Oman (0.6K tons)
- Malaysia (0.6K tons)
- Brazil (0.5K tons)
- Netherlands (0.5K tons)
- Singapore (0.5K tons)
Base Metal Closure Imports in India
In 2022, approx. 15K tons of base metal closures, stoppers, caps and lids were imported into India; growing by 21% on the previous year. Overall, imports posted resilient growth. The growth pace was the most rapid in 2021 when imports increased by 58%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, base metal closure imports surged to $107M in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Base Metal Closure in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 20.6 | 14.7 | 22.3 | 32.0 | 15.8% |
China | 12.1 | 11.5 | 16.9 | 24.2 | 26.0% |
Poland | 6.0 | 3.6 | 8.9 | 12.8 | 28.7% |
Saudi Arabia | 5.0 | 2.8 | 3.8 | 5.5 | 3.2% |
Germany | 2.9 | 2.8 | 3.2 | 4.6 | 16.6% |
Italy | 3.6 | 2.3 | 2.5 | 3.9 | 2.7% |
Singapore | 2.4 | 2.6 | 2.5 | 3.6 | 14.5% |
Philippines | 1.0 | 0.8 | 1.4 | 2.0 | 26.0% |
Others | 10.5 | 10.7 | 13.9 | 18.1 | 19.9% |
Total | 64.1 | 51.9 | 75.3 | 107 | 18.6% |
Top Suppliers of Base Metal Closure to India in 2022:
- China (5.9K tons)
- United Arab Emirates (4.0K tons)
- Poland (1.8K tons)
- Saudi Arabia (0.7K tons)
- Germany (0.5K tons)
- Italy (0.4K tons)
- Singapore (0.3K tons)
- Philippines (0.3K tons)
This report provides an in-depth analysis of the base metal closure market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
-
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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