Central Asia: Aluminium Foil Market 2024

Aluminium Foil Market Size in Central Asia

The Central Asian aluminium foil market soared to $X in 2022, surging by 17% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Aluminium Foil Production in Central Asia

In value terms, aluminium foil production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Aluminium Foil Exports

Exports in Central Asia

After two years of decline, overseas shipments of aluminium foil increased by 221% to X tons in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 239% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, aluminium foil exports skyrocketed to $X in 2022. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 238% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) prevails in exports structure, together comprising 94% of total exports. It was distantly followed by Kyrgyzstan (X tons), creating a 5.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +582.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium foil supplying countries in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X).

Uzbekistan, with a CAGR of +438.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, waning by -34.8% against the previous year. Overall, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 when the export price increased by 38% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-0.9%), while the other leaders experienced a decline in the export price figures.

Aluminium Foil Imports

Imports in Central Asia

In 2022, the amount of aluminium foil imported in Central Asia surged to X tons, growing by 96% compared with 2021. Overall, imports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of 130% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, aluminium foil imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 94%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Uzbekistan was the largest importer of aluminium foil in Central Asia, with the volume of imports finishing at X tons, which was near 67% of total imports in 2022. It was distantly followed by Kazakhstan (X tons) and Kyrgyzstan (X tons), together creating a 30% share of total imports.

Uzbekistan was also the fastest-growing in terms of the aluminium foil imports, with a CAGR of +24.7% from 2012 to 2022. At the same time, Kyrgyzstan (+4.3%) displayed positive paces of growth. By contrast, Kazakhstan (-3.6%) illustrated a downward trend over the same period. Uzbekistan (+67 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -27.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aluminium foil importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X), together accounting for 98% of total imports.

Uzbekistan, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, shrinking by -15.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the import price increased by 48%. As a result, import price reached the peak level of $X per ton, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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