Base Metal Closure Market Overview in Mexico
In value terms, base metal closure production totaled $533M in 2010 estimated in export prices. The total output value increased at an average annual rate of +12.9% from 2007 to 2010; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of 18% year-to-year. Base metal closure production peaked in 2010 and is expected to retain its growth in the immediate term.
The revenue of the base metal closure market in Mexico amounted to $662M in 2010, jumping by 8% 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 +7.8% over the period from 2007 to 2010; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of 19% year-to-year. Over the period under review, the base metal closure market reached its maximum level in 2010 and is likely to continue its growth in the immediate term.