Base Metal Closure Market Overview in Romania
In value terms, base metal closure production totaled $2M in 2010 estimated in export prices. In general, base metal closure production continues to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2008 when production volume decreased by -10.8% against the previous year. Base metal closure production peaked at $3.5M in 2007; however, from 2008 to 2010, production failed to regain its momentum.
The revenue of the base metal closure market in Romania amounted to $45M in 2010, surging by 4.4% 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 +3.2% from 2007 to 2010; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by 22% y-o-y. In that year, the base metal closure market attained its peak level of $50M. From 2009 to 2010, the growth of the base metal closure market failed to regain its momentum.