New Articles

China Sharply Reduces Aluminium Foil Exports to India

foil

China Sharply Reduces Aluminium Foil Exports to India

IndexBox has just published a new report: ‘China – Aluminium Foil – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

China’s aluminium foil exports dropped by -4.9% to 1.2M tonnes. The supplies to South Korea, Thailand and India constitute 22% of China’s foil exports. India, the largest importer of Chinese foil, recorded the most remarkable reduction of purchases. The supplies from China to South Korea, Thailand and Indonesia grew slightly.

China’s Aluminium Foil Exports by Country

Aluminium foil exports from China fell to 1.2M tonnes in 2020, waning by -4.9% against 2019 figures. In value terms, aluminium foil exports dropped from $4B in 2019 to $3.8B (IndexBox estimates) in 2020.

India (98K tonnes), Thailand (97K tonnes) and South Korea (75K tonnes) were the main destinations of aluminium foil exports from China, with a combined 22% share of total exports. These countries were followed by Indonesia, Saudi Arabia, the United Arab Emirates, the U.S., Mexico, Japan, Viet Nam, Malaysia, Italy and Canada, which together accounted for a further 38%.

In value terms, South Korea ($354M), Thailand ($278M) and India ($261M) appeared to be the largest markets for aluminium foil exported from China worldwide, with a combined 23% share of total exports. Japan, the U.S., Indonesia, the United Arab Emirates, Saudi Arabia, Malaysia, Mexico, Viet Nam, Italy and Canada lagged somewhat behind, together accounting for a further 38%.

Among other countries, India saw the most remarkable reduction of supplies from China. In 2020, exports to India shrank by -29% y-o-y estimated in physical terms and by -30% y-o-y in value terms. By contrast, China’s exports to South Korea (+2% y-o-y), Thailand (+5% y-o-y) and Indonesia (+4% y-o-y) grew.

In 2020, the average aluminium foil export price amounted to $3,109 per tonne, almost unchanged from the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Japan, while the average price for exports to Saudi Arabia was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

aluminium foil

EU Aluminium Foil Market Increased 0.3% to $5.2B

IndexBox has just published a new report: ‘EU – Aluminium Foil – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the EU aluminium foil market increased by 0.3% to $5.2B, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2009 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by 19% against the previous year. As a result, consumption attained a peak level of $5.4B. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

EU Consumption by Country

The countries with the highest volumes of aluminium foil consumption in 2019 were Italy (275K tonnes), Germany (144K tonnes) and France (137K tonnes), with a combined 42% share of total consumption.

From 2009 to 2019, the biggest increases were in Italy, while aluminium foil consumption for the other leaders experienced more modest paces of growth.

In value terms, Italy ($872M), Germany ($697M) and France ($485M) were the countries with the highest levels of market value in 2019, together comprising 40% of the total market. These countries were followed by the UK, Spain, Poland, Belgium, the Netherlands, the Czech Republic, Sweden, Austria and Greece, which together accounted for a further 44%.

The countries with the highest levels of aluminium foil per capita consumption in 2019 were Belgium (5.57 kg per person), Italy (4.62 kg per person) and Sweden (3.82 kg per person).

Market Forecast to 2030

Driven by increasing demand for aluminium foil in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.7% for the period from 2019 to 2030, which is projected to bring the market volume to 1.6M tonnes by the end of 2030.

Production in the EU

Aluminium foil production rose to 1.3M tonnes in 2019, picking up by 1.5% on 2018. The total output volume increased at an average annual rate of +1.3% over the period from 2009 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2010 when the production volume increased by 7.2% y-o-y. Over the period under review, production hit record highs in 2019 and is likely to see steady growth in the immediate term.

Imports in the EU

Aluminium foil imports expanded markedly to 1.2M tonnes in 2019, picking up by 8.2% against 2018.

In value terms, aluminium foil imports contracted to $4.6B (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +2.0% over the period from 2009 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of 23% against the previous year. As a result, imports attained a peak of $5B. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, Germany (176K tonnes), France (155K tonnes), Italy (128K tonnes), the UK (121K tonnes), Poland (89K tonnes), Belgium (81K tonnes), Spain (65K tonnes), the Netherlands (59K tonnes), Austria (42K tonnes), the Czech Republic (38K tonnes), Denmark (28K tonnes) and Hungary (26K tonnes) was the key importer of aluminium foil in the European Union, making up 88% of total import.

From 2009 to 2019, the biggest increases were in Italy, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($845M), Italy ($498M) and the UK ($459M) appeared to be the countries with the highest levels of imports in 2019, with a combined 39% share of total imports. France, Poland, Spain, the Netherlands, Belgium, the Czech Republic, Austria, Hungary and Denmark lagged somewhat behind, together comprising a further 48%.

The Czech Republic recorded 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 aluminium foil import price in the European Union stood at $3,971 per tonne in 2019, dropping by -13.1% against the previous year. Over the period under review, import prices attained the maximum at $5,228 per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was the Czech Republic ($4,973 per tonne), while Belgium ($2,775 per tonne) was amongst the lowest.

From 2009 to 2019, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform