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Hong Kong SAR, China - Iron Or Steel Crown Corks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Crown Cork Price in Hong Kong SAR - 2023
Contents:
- Metal Crown Cork Price in Hong Kong SAR (CIF) - 2022
- Metal Crown Cork Price in Hong Kong SAR (FOB) - 2022
- Metal Crown Cork Imports in Hong Kong SAR
- Metal Crown Cork Exports in Hong Kong SAR
Metal Crown Cork Price in Hong Kong SAR (CIF) - 2022
The average metal crown cork import price stood at $10 per thousand units in 2022, dropping by -9.7% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the peak figure at $11 per thousand units in 2021, and then reduced in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.2% per year.
Metal Crown Cork Price in Hong Kong SAR (FOB) - 2022
The average metal crown cork export price stood at $32 per thousand units in 2022, with an increase of 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $38 per thousand units. From 2018 to 2022, the average export prices remained at a lower figure.
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 China ($36 per thousand units), while the average price for exports to Grenada ($12 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Crown Cork Imports in Hong Kong SAR
In 2022, purchases abroad of iron or steel crown corks was finally on the rise to reach 16M units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a significant contraction. Imports peaked at 43M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, metal crown cork imports soared to $162K in 2022. Over the period under review, imports, however, continue to indicate a dramatic descent. Imports peaked at $364K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Metal Crown Cork in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 223 | 185 | 126 | 162 | -10.1% |
South Korea | 139 | 35.1 | 0.3 | N/A | -95.4% |
Others | 2.1 | 9.0 | 8.1 | N/A | 96.4% |
Total | 364 | 229 | 134 | 162 | -23.7% |
Top Suppliers of Metal Crown Cork to Hong Kong SAR in 2022:
- China (15.9M units)
Metal Crown Cork Exports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of iron or steel crown corks, which decreased by -15.6% to 1.6M units in 2022. Overall, exports faced a dramatic setback. The smallest decline of -2.1% was in 2020. Over the period under review, the exports reached the peak figure at 4.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, metal crown cork exports contracted to $52K in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 4.2%. As a result, the exports attained the peak of $117K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Metal Crown Cork in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 60.2 | 28.2 | 44.4 | 30.1 | -20.6% |
France | 3.2 | N/A | 0.6 | 10.1 | 46.7% |
United States | 24.5 | 88.4 | 12.6 | 7.4 | -32.9% |
Grenada | N/A | N/A | N/A | 2.0 | 0% |
United Kingdom | 24.0 | N/A | N/A | N/A | 0% |
Others | 0.3 | 0.2 | N/A | 2.2 | 94.3% |
Total | 112 | 117 | 57.7 | 51.8 | -22.7% |
Top Export Markets for Metal Crown Cork from Hong Kong SAR in 2022:
- China (837.4K units)
- United States (323.5K units)
- France (290.0K units)
- Grenada (166.5K units)
This report provides an in-depth analysis of the metal crown cork market in Hong Kong SAR, China. 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 25921330 - Iron or steel crown corks
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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