Aluminium beverage can industry in Brazil shines through H1 2024, indicating a potential 5% sales growth at year-end

Aluminium can manufacturers in Brazil have reported a delightful H1 2024 owing to encouraging beverage can sales led by favourable macroeconomic conditions. On the continuity of this trend, beverage can sales are set to poise a 5 per cent growth at the year-end, compared to an annual increase of 1.65 per cent last year, according to Cátilo Cândido, president of the Brazilian Association of Aluminum Can Manufacturers (Abralatas).

The association's president also apprised that the current production rate of aluminium beverage cans in Brazil is 32.6 billion can units per year, while per capita consumption is 165 12-can packages per year.

In an interview with S&P Global Commodity Insights, Cândido shared his perspective on aluminium can sales, stating that it is a complex interplay of scale, temperature, and economy.

He added the positive growth in the Brazilian aluminium can industry reflects the positive dynamics of the domestic economy as the aluminium can industry's growth figure closely aligns with the gross domestic product (GDP).