Base Metal Closure Market Overview in Portugal
In value terms, base metal closure production totaled $ in 2018 estimated in export prices. Overall, base metal closure production, however, continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2011 when production volume increased by % against the previous year. Over the period under review, base metal closure production hit record highs in 2018 and is expected to retain its growth in the immediate term.
The revenue of the base metal closure market in Portugal amounted to $ in 2018, 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). Overall, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, base metal closure consumption increased by +% against 2013 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by % year-to-year. Base metal closure consumption peaked in 2018 and is expected to retain its growth in the in years to come.