Base Metal Closure Market Overview in Romania
In value terms, base metal closure production amounted to $ in 2018 estimated in export prices. In general, base metal closure production continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2016 when production volume increased by % year-to-year. Base metal closure production peaked at $ in 2007; however, from 2008 to 2018, production failed to regain its momentum.
The revenue of the base metal closure market in Romania amounted to $ in 2018, rising 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 2018; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the market value increased by % against the previous year. Base metal closure consumption peaked at $ in 2011; however, from 2012 to 2018, consumption remained at a lower figure.