Base Metal Closure Market Overview in Portugal
In value terms, base metal closure production totaled $1.3M in 2010 estimated in export prices. The total output value increased at an average annual rate of +5.6% over the period from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when production volume increased by 9.7% y-o-y. 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 Portugal amounted to $2.1M in 2010, growing by 5% 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 +8.8% over the period from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when the market value increased by 16% y-o-y. Over the period under review, the base metal closure market attained its maximum level in 2010 and is expected to retain its growth in the near future.