Global Aluminium Foil Market 2024

Aluminium Foil Market Size

The global aluminium foil market declined slightly to $X in 2022, with a decrease of -2.9% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted slightly in the following year.

Aluminium Foil Production

In value terms, aluminium foil production dropped to $X in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 29%. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Aluminium Foil Exports

Exports

In 2022, global aluminium foil exports expanded modestly to X tons, growing by 3.9% against the year before. The total export volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, aluminium foil exports surged to $X in 2022. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China represented the key exporter of aluminium foil in the world, with the volume of exports accounting for X tons, which was approx. 44% of total exports in 2022. It was distantly followed by Germany (X tons), creating an 8.7% share of total exports. The following exporters - Italy (X tons), Turkey (X tons), Thailand (X tons), the United States (X tons), Greece (X tons), South Korea (X tons), Japan (X tons) and France (X tons) - together made up 26% of total exports.

Exports from China increased at an average annual rate of +8.4% from 2012 to 2022. At the same time, Thailand (+30.3%), Turkey (+8.7%), Japan (+6.2%), Greece (+5.7%), South Korea (+3.4%) and Italy (+2.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.3% from 2012-2022. France, the United States and Germany experienced a relatively flat trend pattern. While the share of China (+15 p.p.), Thailand (+3.4 p.p.) and Turkey (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-1.9 p.p.) and Germany (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium foil supplier worldwide, comprising 37% of global exports. The second position in the ranking was held by Germany ($X), with a 10% share of global exports. It was followed by Italy, with a 5.3% share.

In China, aluminium foil exports increased at an average annual rate of +10.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.7% per year) and Italy (+3.1% per year).

Export Prices by Country

In 2022, the average aluminium foil export price amounted to $X per ton, rising by 17% against the previous year. In general, the export price recorded 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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+3.0%), while the other global leaders experienced more modest paces of growth.

Aluminium Foil Imports

Imports

For the eleventh year in a row, the global market recorded growth in purchases abroad of aluminium foil, which increased by 5.9% to X tons in 2022. 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 in certain years. The growth pace was the most rapid in 2013 when imports increased by 8.4%. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, aluminium foil imports soared to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), followed by Germany (X tons), India (X tons), Mexico (X tons) and Thailand (X tons) represented the largest importers of aluminium foil, together making up 32% of total imports. France (X tons), Italy (X tons), the UK (X tons), Poland (X tons), Indonesia (X tons), the United Arab Emirates (X tons), South Korea (X tons) and China (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +16.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium foil importing markets worldwide were the United States ($X), Germany ($X) and China ($X), together comprising 22% of global imports. India, Italy, Thailand, Mexico, France, the UK, Poland, Indonesia, South Korea and the United Arab Emirates lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, Indonesia, with a CAGR of +15.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the United Arab Emirates ($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 United Arab Emirates (+2.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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