Base Metal Closure Market Overview in Austria
In value terms, base metal closure production contracted dramatically to $ in 2019 estimated in export prices. Over the period under review, production showed a deep slump. The pace of growth appeared the most rapid in 2012 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.
The value of the base metal closure market in Austria dropped modestly to $ in 2019, with a decrease of -% 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 +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by % against the previous year. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.