Northern America: Aluminium Foil Market 2024

Aluminium Foil Market Size in Northern America

In 2022, the North American aluminium foil market increased by 27% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.0% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aluminium Foil Production in Northern America

In value terms, aluminium foil production totaled $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.8% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 32%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Aluminium Foil Exports

Exports in Northern America

In 2022, shipments abroad of aluminium foil increased by 4.1% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 20%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aluminium foil exports soared to $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States was the main exporting country with an export of about X tons, which finished at 84% of total exports. It was distantly followed by Canada (X tons), achieving a 16% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of aluminium foil. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of Canada increased by +1.6 percentage points.

In value terms, the United States ($X) remains the largest aluminium foil supplier in Northern America, comprising 83% of total exports. The second position in the ranking was taken by Canada ($X), with a 17% share of total exports.

In the United States, aluminium foil exports expanded at an average annual rate of +1.2% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%).

Aluminium Foil Imports

Imports in Northern America

In 2022, approx. X tons of aluminium foil were imported in Northern America; rising by 18% on the previous year's figure. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +27.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium foil imports skyrocketed to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +81.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importing country with an import of around X tons, which recorded 84% of total imports. It was distantly followed by Canada (X tons), creating a 16% share of total imports.

The United States was also the fastest-growing in terms of the aluminium foil imports, with a CAGR of +7.2% from 2012 to 2022. At the same time, Canada (+2.4%) displayed positive paces of growth. While the share of the United States (+7.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-7.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported aluminium foil in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

In the United States, aluminium foil imports increased at an average annual rate of +8.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.9%).

Source: IndexBox Platform

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