IndexBox has just published a new report: ‘U.S. Metal Box And Light Gauge Container Market. Analysis And Forecast to 2025‘. Here is a summary of the report’s key findings.
Over the past five years, American exports of metal boxes and light gauge containers have doubled in value terms, from $475M to $927M. Canada imports 97% of metal containers supplying abroad from America. In physical terms, Canada ramped up its imports from the U.S. by +62.9% y-o-y in 2020.
American Exports of Metal Boxes and Light Gauge Containers
In 2020, approx. 4.7B units of metal boxes and light gauge containers were exported from the U.S.; jumping by +31% against the previous year’s figure. In the past five years, exports grew from 735M units to 4.7B units.
In value terms, exports of metal boxes and light gauge containers rose markedly to $927M (IndexBox estimates) in 2020. Overall, total exports indicated a buoyant expansion from 2015 to 2020: its value increased at an average annual rate of +45.9% over the last five-year period.
Canada (4.6B units) was the main destination for exports of metal boxes and light gauge containers from the U.S., with a 97% share of total exports. It was followed by Mexico (105M units), with a 2.2% share of total exports. In 2020, the volume of imports to Canada rose by +62.9% y-o-y.
In value terms, Canada ($605M) remains the key foreign market for metal box and light gauge container exports from the U.S., comprising 65% of total exports. The second position in the ranking was occupied by Mexico ($191M), with a 21% share of total exports. From 2015 to 2020, the average annual rate of growth in terms of value to Canada amounted to +25.5%.
Source: IndexBox Platform