Russian Federation: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in the Russian Federation

After four years of growth, the Russian metal crown cork market decreased by X% to $X in 2023. Overall, consumption, however, posted prominent growth. Metal crown cork consumption peaked at $X in 2022, and then declined in the following year.

Metal Crown Cork Production in the Russian Federation

In value terms, metal crown cork production expanded markedly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Metal Crown Cork Exports

Exports from the Russian Federation

After two years of growth, shipments abroad of iron or steel crown corks decreased by X% to X units in 2023. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2022, and then shrank notably in the following year.

In value terms, metal crown cork exports reduced rapidly to $X in 2023. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then contracted sharply in the following year.

Exports by Country

Kazakhstan (X units) and Armenia (X units) were the main destinations of metal crown cork exports from Russia.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of X%).

In value terms, Armenia ($X) emerged as the key foreign market for iron or steel crown corks exports from Russia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Armenia amounted to X%.

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2023, remaining stable against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per thousand units in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Armenia ($X per thousand units), while the average price for exports to Kazakhstan totaled $X per thousand units.

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

Metal Crown Cork Imports

Imports into the Russian Federation

In 2023, metal crown cork imports into Russia skyrocketed to X units, with an increase of X% compared with 2022 figures. In general, imports, however, recorded a drastic downturn. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, metal crown cork imports surged to $X in 2023. Over the period under review, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Kazakhstan (X units) constituted the largest metal crown cork supplier to Russia, with a X% share of total imports. Moreover, metal crown cork imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold.

From 2012 to 2023, the average annual growth rate of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of iron or steel crown corks to Russia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the average metal crown cork import price amounted to $X per thousand units, dropping by X% against the previous year. Overall, import price indicated modest growth from 2012 to 2023: its price 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, metal crown cork import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per thousand units in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per thousand units), while the price for Italy ($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 China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform