
Qatar - Aluminium Foil - Market Analysis, Forecast, Size, Trends And Insights
Qatar's Aluminium Foil Price Rises Modestly to $3,802 per Ton
Qatar Aluminium Foil Import Price in February 2023
In February 2023, the aluminium foil price stood at $3,802 per ton (CIF, Qatar), surging by 6.2% against the previous month. Over the period under review, the import price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in April 2022 an increase of 6.2% against the previous month. The import price peaked at $4,805 per ton in February 2022; however, from March 2022 to February 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Lebanon ($6,236 per ton), while the price for Kuwait ($2,233 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Import Price of Aluminium Foil in Qatar (USD per ton) | |||||||||||||
Lebanon | 4,998 | 4,980 | 5,893 | 5,360 | 6,086 | 5,449 | 5,332 | 4,658 | 6,697 | 6,332 | 6,587 | N/A | 6,236 |
India | 3,609 | 3,772 | 7,138 | 6,240 | 8,520 | 8,223 | 2,458 | 4,373 | 6,288 | 6,990 | 4,914 | 5,115 | 5,421 |
China | 3,617 | 3,676 | 3,614 | 3,787 | 2,739 | 3,438 | 3,936 | 3,425 | 3,619 | 3,269 | 2,865 | 3,282 | 3,199 |
Kuwait | 4,614 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2,233 |
Average | 4,805 | 3,948 | 4,193 | 4,333 | 4,289 | 3,901 | 4,036 | 3,699 | 3,912 | 3,850 | 3,448 | 3,581 | 3,802 |
Qatar Aluminium Foil Imports
In February 2023, approximately 290 tons of aluminium foil were imported into Qatar; which is down by -4.5% against the month before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 with an increase of 115% against the previous month.
In value terms, aluminium foil imports totaled $1.1M (IndexBox estimates) in February 2023. Overall, imports recorded a perceptible decline. The pace of growth was the most pronounced in July 2022 when imports increased by 96% m-o-m.
Qatar Aluminium Foil Imports by Country
In February 2023, China (208 tons) constituted the largest aluminium foil supplier to Qatar, accounting for a 72% share of total imports. Moreover, aluminium foil imports from China exceeded the figures recorded by the second-largest supplier, Lebanon (41 tons), fivefold. India (28 tons) ranked third in terms of total imports with a 9.5% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume from China stood at -1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Lebanon (+8.2% per month) and India (-0.5% per month).
In value terms, China ($666K) constituted the largest supplier of aluminium foil to Qatar, comprising 61% of total imports. The second position in the ranking was held by Lebanon ($258K), with a 23% share of total imports. It was followed by India, with a 14% share.
From February 2022 to February 2023, the average monthly growth rate of value from China amounted to -2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Lebanon (+10.2% per month) and India (+2.9% per month).
This report provides an in-depth analysis of the aluminium foil market in Qatar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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