Eastern Asia: Aluminium Foil Market 2025

Aluminium Foil Market Size in Eastern Asia

In 2022, the East Asian aluminium foil market decreased by -4.5% to $X, falling for the third year in a row after four years of growth. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Aluminium Foil Production in Eastern Asia

In value terms, aluminium foil production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Aluminium Foil Exports

Exports in Eastern Asia

In 2022, the amount of aluminium foil exported in Eastern Asia amounted to X tons, picking up by 7.9% on 2021 figures. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, aluminium foil exports skyrocketed to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 88% of total exports in 2022. South Korea (X tons) held a 5.6% share (based on physical terms) of total exports, which put it in second place, followed by Japan (5.3%).

China was also the fastest-growing in terms of the aluminium foil exports, with a CAGR of +8.4% from 2012 to 2022. At the same time, Japan (+6.2%) and South Korea (+3.4%) displayed positive paces of growth. China (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium foil supplier in Eastern Asia, comprising 81% of total exports. The second position in the ranking was held by Japan ($X), with a 9.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +10.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.9% per year) and South Korea (+5.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by 14% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 22%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Aluminium Foil Imports

Imports in Eastern Asia

After ten years of growth, purchases abroad of aluminium foil decreased by -7.1% to X tons in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +85.8% against 2012 indices. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, aluminium foil imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The countries with the highest levels of aluminium foil imports in 2022 were South Korea (X tons), China (X tons) and Japan (X tons), together amounting to 90% of total import. It was distantly followed by Taiwan (Chinese) (X tons), achieving a 7.3% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together comprising 92% of total imports.

Japan, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, waning by -2.3% against the previous year. In general, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 2.1% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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