South-Eastern Asia: Aluminium Foil Market 2025

Aluminium Foil Market Size in South-Eastern Asia

The Southeast Asian aluminium foil market expanded remarkably to $X in 2022, growing by 7.1% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Aluminium Foil Production in South-Eastern Asia

In value terms, aluminium foil production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Aluminium Foil Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of aluminium foil increased by 9.5% to X tons, rising for the seventh consecutive year after two years of decline. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 45% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, aluminium foil exports soared to $X in 2022. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 61%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Thailand (X tons) was the largest exporter of aluminium foil, constituting 57% of total exports. Malaysia (X tons) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (8.8%), Indonesia (8.4%) and Singapore (4.6%).

From 2012 to 2022, average annual rates of growth with regard to aluminium foil exports from Thailand stood at +30.3%. At the same time, the Philippines (+40.1%) and Indonesia (+18.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +40.1% from 2012-2022. Malaysia and Singapore experienced a relatively flat trend pattern. Thailand (+43 p.p.), the Philippines (+7.8 p.p.) and Indonesia (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by -10.6% and -42.2% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest aluminium foil supplier in South-Eastern Asia, comprising 54% of total exports. The second position in the ranking was held by Malaysia ($X), with a 22% share of total exports. It was followed by Singapore, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled +27.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+4.4% per year) and Singapore (+4.5% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by 22% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.5%), while the other leaders experienced more modest paces of growth.

Aluminium Foil Imports

Imports in South-Eastern Asia

Aluminium foil imports expanded remarkably to X tons in 2022, increasing by 13% compared with the previous year's figure. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +8.2% 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 +120.8% against 2012 indices. The growth pace was the most rapid in 2018 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, aluminium foil imports surged to $X in 2022. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of 33%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Thailand represented the key importer of aluminium foil in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. 41% of total imports in 2022. Indonesia (X tons) ranks second in terms of the total imports with a 24% share, followed by Malaysia (12%), Vietnam (12%) and Singapore (4.6%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +16.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, with a combined 76% share of total imports.

Indonesia, with a CAGR of +15.6%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 9.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 17% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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