South Africa: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in South Africa

In 2022, the South African metal crown cork market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, showed a pronounced descent. Metal crown cork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Crown Cork Production in South Africa

In value terms, metal crown cork production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Metal Crown Cork Exports

Exports from South Africa

In 2022, approx. X units of iron or steel crown corks were exported from South Africa; dropping by X% on the year before. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal crown cork exports totaled $X in 2022. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mozambique (X units), Zambia (X units) and Ghana (X units) were the main destinations of metal crown cork exports from South Africa, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal crown cork exported from South Africa were Mozambique ($X), Zambia ($X) and Zimbabwe ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, increasing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per thousand units. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Lesotho ($X per thousand units) and Zimbabwe ($X per thousand units), while the average price for exports to Swaziland ($X per thousand units) and Zambia ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Crown Cork Imports

Imports into South Africa

In 2022, approx. X units of iron or steel crown corks were imported into South Africa; picking up by X% against the previous year's figure. Over the period under review, imports saw a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal crown cork imports surged to $X in 2022. In general, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of metal crown cork to South Africa, accounting for a X% share of total imports. Moreover, metal crown cork imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Greece (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Greece (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Greece (X% per year).

Import Prices by Country

In 2022, the average metal crown cork import price amounted to $X per thousand units, surging by X% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal crown cork import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per thousand units), while the price for India ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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