Base Metal Closure Market Overview in South Africa
In value terms, base metal closure production totaled $196M in 2010 estimated in export prices. The total output value increased at an average annual rate of +5.5% from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2008 with an increase of 18% year-to-year. In that year, base metal closure production reached its peak level of $196M. From 2009 to 2010, base metal closure production growth remained at a somewhat lower figure.
The revenue of the base metal closure market in South Africa amounted to $201M in 2010, picking up by 8.2% 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 +9.2% from 2007 to 2010; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when the market value increased by 27% year-to-year. Base metal closure consumption peaked in 2010 and is likely to see steady growth in the near future.