Aluminium beverage cans industry becoming lifeline to Brazil's economy; increased GDP leads to double-digit sales growth
The aluminium beverage can sales in Brazil have recorded an impressive 12 per cent year-on-year growth for H1 2024, revealed the Brazilian Association of Aluminium Can Manufacturers (Abralatas). The association, representing the country's aluminium can sector, previously noted that macroeconomic development significantly drove the increase in Brazilian beverage can sales this year.
Following the revelation of this momentous growth, Abralatas expects the year to close with a high-digit sales figure for aluminium beverage cans. Earlier, the association estimated a growth rate of 5 per cent at the year-end, compared to an annual increase of 1.65 per cent last year. However, it is essential to see if the projection remains the same after this double-digit growth in H1.
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