Ireland: Aluminium Foil Market 2024

Aluminium Foil Market Size in Ireland

The Irish aluminium foil market skyrocketed to $X in 2022, picking up by 24% against the previous year. In general, consumption, however, continues to indicate a pronounced contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Aluminium Foil Production in Ireland

In value terms, aluminium foil production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.5%. Aluminium foil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aluminium Foil Exports

Exports from Ireland

In 2022, shipments abroad of aluminium foil decreased by -6.1% to X tons, falling for the fourth consecutive year after seven years of growth. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2018 when exports increased by 357% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium foil exports rose to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 453% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for aluminium foil exports from Ireland, with a 72% share of total exports. Moreover, aluminium foil exports to the UK exceeded the volume sent to the second major destination, Spain (X tons), fivefold. The Dominican Republic (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+41.5% per year) and the Dominican Republic (+35.5% per year).

In value terms, the UK ($X), the Dominican Republic ($X) and Spain ($X) were the largest markets for aluminium foil exported from Ireland worldwide, together accounting for 88% of total exports.

The UK, with a CAGR of +47.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium foil export price stood at $X per ton in 2022, surging by 9% against the previous year. In general, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to the UK ($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 the UK (+2.0%), while the prices for the other major destinations experienced a decline.

Aluminium Foil Imports

Imports into Ireland

Aluminium foil imports into Ireland expanded rapidly to X tons in 2022, surging by 13% compared with the previous year's figure. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 +35.6% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 55% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium foil imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of aluminium foil imports to Ireland, with a combined 58% share of total imports. The United States, China, the UK, India, Austria, Sweden, Finland, Belgium and the Netherlands lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium foil suppliers to Ireland were France ($X), Germany ($X) and the United States ($X), with a combined 49% share of total imports. The UK, Sweden, Spain, China, Austria, India, Finland, Belgium and the Netherlands lagged somewhat behind, together comprising a further 43%.

In terms of the main suppliers, India, with a CAGR of +44.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium foil import price stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, the import price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 50% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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