Base Metal Closure Market Overview in Canada
In value terms, base metal closure production stood at $416M in 2010 estimated in export prices. The total output value increased at an average annual rate of +3.6% from 2007 to 2010; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of 15% against the previous year. In that year, base metal closure production attained its peak level and is likely to continue its growth in the immediate term.
The revenue of the base metal closure market in Canada amounted to $455M in 2010, jumping by 4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.9% from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of 12% y-o-y. Base metal closure consumption peaked in 2010 and is likely to continue its growth in the near future.