U.S.: Metal Can Market 2024

Metal Can Market Size in the U.S.

In 2023, the U.S. metal can market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a slight expansion from 2013 to 2023: its value 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 2023 figures, consumption decreased by X% against 2021 indices. Metal can consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Metal Can Production in the U.S.

In value terms, metal can production shrank to $X in 2023. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

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Metal Can Exports

Exports from the U.S.

In 2023, overseas shipments of metal can decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, metal can exports rose sharply to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units), Mexico (X units) and Trinidad and Tobago (X units) were the main destinations of metal can exports from the United States, together comprising X% of total exports. Bahamas, Jamaica, Brazil and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for metal can exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

From 2013 to 2023, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the average metal can export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Trinidad and Tobago ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Can Imports

Imports into the U.S.

In 2023, supplies from abroad of metal can decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, metal can imports declined to $X in 2023. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X units), Canada (X units) and China (X units) were the main suppliers of metal can imports to the United States, with a combined X% share of total imports. Austria, Germany, Saudi Arabia, France, the UK, Malaysia, the United Arab Emirates, Brazil and India lagged somewhat behind, together comprising a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal can suppliers to the United States were Germany ($X), Canada ($X) and China ($X), together accounting for X% of total imports. Mexico, France, Malaysia, Austria, the UK, India, Brazil, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal can import price stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The pace of growth was the most pronounced in 2022 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform