Base Metal Closure Market Overview in Thailand
In value terms, base metal closure production stood at $ in 2018 estimated in export prices. Overall, the total output indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. In that year, base metal closure production reached its peak level and is likely to continue its growth in the immediate term.
The revenue of the base metal closure market in Thailand amounted to $ in 2018, remaining constant 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 +% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The pace of growth was the most pronounced in 2010 when the market value increased by % year-to-year. Base metal closure consumption peaked at $ in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.