Base Metal Closure Market Overview in Mexico
In value terms, base metal closure production rose notably to $ in 2019 estimated in export prices. Overall, the total production indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Base metal closure production peaked in 2019 and is expected to retain growth in years to come.
The revenue of the base metal closure market in Mexico stood at $ in 2019, increasing by % 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 +% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by % against the previous year. Base metal closure consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.