Sweden: Aluminium Foil Market 2024

Aluminium Foil Market Size in Sweden

In 2022, the Swedish aluminium foil market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed a slight setback. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aluminium Foil Production in Sweden

In value terms, aluminium foil production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible setback. Aluminium foil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aluminium Foil Exports

Exports from Sweden

In 2022, shipments abroad of aluminium foil increased by 17% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a perceptible contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aluminium foil exports skyrocketed to $X in 2022. Overall, exports, however, recorded a pronounced contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and the United States (X tons) were the main destinations of aluminium foil exports from Sweden, together accounting for 39% of total exports. Italy, Austria, the UK, Germany, Mexico, Portugal, Romania, France, Belgium and Finland lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium foil exported from Sweden were Poland ($X), the Czech Republic ($X) and the United States ($X), together accounting for 37% of total exports. Italy, Austria, Germany, the UK, Belgium, France, Portugal, Mexico, Romania and Finland lagged somewhat behind, together comprising a further 45%.

Among the main countries of destination, Belgium, with a CAGR of +24.0%, saw the highest rates of growth with regard to the value of exports, 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, increasing by 8.9% against the previous year. In general, the export price recorded a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Romania ($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 Finland (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Foil Imports

Imports into Sweden

In 2022, purchases abroad of aluminium foil increased by 6.7% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 22% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium foil imports surged to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Norway (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of aluminium foil imports to Sweden, together accounting for 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Italy ($X) constituted the largest aluminium foil suppliers to Sweden, with a combined 60% share of total imports. Denmark, China, Austria, Turkey, Luxembourg, Finland, the Netherlands and France lagged somewhat behind, together accounting for a further 26%.

China, with a CAGR of +11.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium foil import price amounted to $X per ton, growing by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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