Latin America and the Caribbean: Aluminium Foil Market 2025

Aluminium Foil Market Size in Latin America and the Caribbean

The Latin American aluminium foil market rose rapidly to $X in 2022, with an increase of 6.8% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Aluminium Foil Production in Latin America and the Caribbean

In value terms, aluminium foil production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Aluminium Foil Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of aluminium foil decreased by -2.1% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium foil exports rose remarkably to $X in 2022. Over the period under review, exports recorded a slight descent. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X tons) represented the key exporter of aluminium foil, achieving 61% of total exports. Chile (X tons) took the second position in the ranking, followed by Mexico (X tons) and El Salvador (X tons). All these countries together took approx. 25% share of total exports. Costa Rica (X tons), Paraguay (X tons) and Peru (X tons) held a little share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of aluminium foil. At the same time, Paraguay (+111.6%) and Mexico (+7.8%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +111.6% from 2012-2022. By contrast, El Salvador (-1.3%), Chile (-3.5%), Peru (-5.6%) and Costa Rica (-16.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Mexico and Paraguay increased by +13, +5.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest aluminium foil supplier in Latin America and the Caribbean, comprising 54% of total exports. The second position in the ranking was taken by Chile ($X), with a 13% share of total exports. It was followed by Mexico, with an 11% share.

In Brazil, aluminium foil exports increased at an average annual rate of +3.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-4.3% per year) and Mexico (+13.2% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 22% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.0%), while the other leaders experienced more modest paces of growth.

Aluminium Foil Imports

Imports in Latin America and the Caribbean

In 2022, aluminium foil imports in Latin America and the Caribbean expanded markedly to X tons, growing by 8.9% on 2021 figures. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 19%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, aluminium foil imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the key importing country with an import of around X tons, which resulted at 55% of total imports. Chile (X tons) ranks second in terms of the total imports with a 12% share, followed by Brazil (12%) and Colombia (4.7%). Argentina (X tons) and the Dominican Republic (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, Chile (+16.7%), the Dominican Republic (+7.4%), Colombia (+3.5%) and Brazil (+2.1%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +16.7% from 2012-2022. Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Chile and Mexico increased by +8 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported aluminium foil in Latin America and the Caribbean, comprising 52% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Chile, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at +6.7%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+1.7% per year) and Chile (+13.2% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 12% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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