Base Metal Closure Market Overview in Russia
In value terms, base metal closure production totaled $905M in 2010 estimated in export prices. The total output value increased at an average annual rate of +6.1% over the period from 2007 to 2010; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of 17% y-o-y. Over the period under review, base metal closure production reached its peak figure level in 2010 and is likely to see steady growth in the near future.
The revenue of the base metal closure market in Russia amounted to $987M in 2010, surging by 15% 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 +10.6% from 2007 to 2010; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by 17% against the previous year. Base metal closure consumption peaked in 2010 and is likely to see steady growth in the immediate term.