Analysis of market competition pattern of U.S. metal box packaging industry in 2021

  Core reminder: The overall sales of metal box packaging in the United States will increase. Although the demand for metal box packaging is now declining under the influence of "COVID-19", the demand for coffee metal cans and candy metal boxes has dropped significantly; but with the end of COVID-19 , Food metal box packaging will have new development opportunities.

Market analysis of the packaging industry in the United States in 2021: the profit level of the industry declines, China becomes a major importer of the United States

Metal packaging has the characteristics of capital-intensive, technology-intensive, domestic demand-oriented, export-assisted, high product substitution, large seasonal changes in the market, and high market concentration. It is an important part of the US packaging industry. Metal packaging container companies mainly provide packaging services for the food, beverage, oil, chemical, pharmaceutical and cosmetic industries.

In recent years, with the steady growth of the US economy, consumer demand in related industries such as food, beverages, and medicine has shown an increasing trend, and the US metal packaging container manufacturing industry has developed rapidly.

1. The profit level of the US metal packaging industry has declined

At present, the United States has entered a period of low economic growth due to "COVID-19". Affected by a series of food safety regulations and environmental protection green rules, the metal packaging container manufacturing industry is facing a new environment in which backward production capacity is eliminated and supply relationships are changed. In the first three quarters of 2020, enterprises above designated size in the metal packaging container manufacturing industry in the United States achieved main business revenue of US$67.33 billion, a year-on-year increase of 2.26%.

Affected by the increase in the price of raw materials for major products such as tinplate and aluminum, the overall profit of the industry has declined in 2019. In 2019, the US metal packaging container manufacturing industry realized a total profit of 4.795 billion US dollars, a year-on-year decrease of 6.49%.

2. Export delivery value has increased for four consecutive years

In the first three quarters of 2020, the metal packaging container manufacturing industry achieved an export delivery value of 6.099 billion, a year-on-year increase of 2.63%. The top five regions in terms of export delivery value are California, Texas, Florida, Illinois and New York. California completed a cumulative export delivery value of 1.975 billion, accounting for 32.38%, a year-on-year increase of 8.97%; Texas completed a cumulative export delivery value of 9.62%, accounting for 15.77%, a year-on-year increase of 7.62%; Florida completed a cumulative export delivery value 909 million, accounting for 14.9%, a year-on-year increase of 16.31%; Illinois completed a cumulative export delivery value of 787 million, accounting for 12.9%, a year-on-year increase of 19.41%; New York State completed a cumulative export delivery value of 722 million, accounting for 11.83%, A year-on-year increase of 43.63%.

3. China will become the largest exporter of the United States in 2021

It is estimated that in the first three quarters of 2021, the total export value of the metal packaging container and accessories industry in the United States will be 2.030 billion US dollars, a year-on-year increase of 18.51%. The top five countries and regions in terms of export volume are expected to be China, France, Vietnam, Malaysia and the United Kingdom. Among them, China and the United States completed a cumulative export value of 314 million US dollars, accounting for 15.47%; France completed a cumulative export value of 104 million US dollars, accounting for 5.12%; Vietnam completed a cumulative export value of 96 million US dollars, accounting for 4.73%; Malaysia completed a cumulative export value of 92 million US dollars. Accounted for 4.53%; Britain completed a cumulative export value of 92 million US dollars, accounting for 4.53%.

According to data, it is estimated that in 2021, the U.S. metal packaging container and accessories industry will complete a cumulative import value of 361 million US dollars, an increase of 9.63% year-on-year. The top five countries and regions in terms of import volume are China, Japan, Germany, South Korea, and Hong Kong, Macau and Taiwan.

In the forecast data for 2021, Japan completed a cumulative import value of 34 million U.S. dollars, accounting for 21.12%; China completed a cumulative import value of 21 million U.S. dollars, accounting for 13.04%; Germany completed a cumulative import value of 18 million U.S. dollars, accounting for 11.18%; South Korea completed cumulative imports The value of 17 million US dollars, accounting for 10.56%; China's Hong Kong, Macao and Taiwan regions completed a cumulative import value of 12 million US dollars, accounting for 7.45%.