Austria: Aluminium Foil Market 2024

Aluminium Foil Market Size in Austria

After two years of growth, the Austrian aluminium foil market decreased by -0.1% to $X in 2022. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank modestly in the following year.

Aluminium Foil Production in Austria

In value terms, aluminium foil production shrank slightly to $X in 2022 estimated in export price. In general, production, however, showed a mild decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 5.3% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aluminium Foil Exports

Exports from Austria

In 2022, overseas shipments of aluminium foil decreased by -8.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a sharp reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aluminium foil exports skyrocketed to $X in 2022. In general, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons), Slovenia (X tons) and the Czech Republic (X tons) were the main destinations of aluminium foil exports from Austria, with a combined 65% share of total exports. Italy, Romania, North Macedonia, Croatia, Poland, Germany, Serbia, Switzerland, Mexico and the United States lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of -0.2%), while shipments for the other leaders experienced a decline.

In value terms, Hungary ($X) remains the key foreign market for aluminium foil exports from Austria, comprising 42% of total exports. The second position in the ranking was held by Slovenia ($X), with a 19% share of total exports. It was followed by Italy, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-25.6% per year) and Italy (-25.1% per year).

Export Prices by Country

The average aluminium foil export price stood at $X per ton in 2022, jumping by 32% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Foil Imports

Imports into Austria

In 2022, overseas purchases of aluminium foil increased by 0.6% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 14% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, aluminium foil imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main suppliers of aluminium foil imports to Austria, with a combined 58% share of total imports. China, Luxembourg, Slovenia, Greece, Switzerland, Turkey, Poland and Spain lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +25.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of aluminium foil to Austria, comprising 31% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Sweden, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and Sweden (+1.3% per year).

Import Prices by Country

The average aluminium foil import price stood at $X per ton in 2022, increasing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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