U.S. - Aluminium Foil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingU.S. Aluminium Foil Imports from Thailand Soar Fourfold to $71M
IndexBox has just published a new report: 'U.S. - Aluminium Foil - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2021, the U.S. aluminium foil market decreased by -1.6% to $2.4B, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate noticeable growth. Aluminium foil consumption peaked at $3.3B in 2018; however, from 2019 to 2021, it failed to regain the momentum.
U.S. Aluminium Foil Production
In value terms, aluminium foil production fell to $2.1B in 2021. Over the period under review, production, however, showed a buoyant increase. Over the period under review, production attained the peak level at $2.3B in 2018; however, from 2019 to 2021, production failed to regain the momentum.
U.S. Aluminium Foil Imports
In 2021, aluminium foil imports into the United States surged to 173K tons, jumping by 17% on the year before. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by 23% y-o-y. Imports peaked at 296K tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.
In value terms, aluminium foil imports skyrocketed to $816M in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by 26% y-o-y. Over the period under review, imports attained the peak figure at $1.4B in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
China (43K tons), South Korea (26K tons) and Germany (21K tons) were the main suppliers of aluminium foil imports to the United States, together comprising 52% of total volume. Thailand, the UK, Luxembourg, Austria, Taiwan (Chinese), Turkey, Canada, Italy, France and Greece lagged somewhat behind, together comprising a further 37%.
In value terms, China ($142M), Germany ($124M) and South Korea ($113M) were the largest aluminium foil suppliers to the United States, together comprising 46% of total imports. These countries were followed by Thailand, Austria, Luxembourg, the UK, France, Canada, Taiwan (Chinese), Italy, Greece and Turkey, which together accounted for a further 36%.
U.S. purchases of aluminium foil from Thailand increased fourfold compared to a year earlier and reached $71M in 2021. Supplies from other countries recorded more modest growth.
Import Prices by Country
In 2021, the average aluminium foil import price amounted to $4,705 per ton, picking up by 5.3% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was France ($8,573 per ton), while the price for the UK ($3,078 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Aluminium Foil Exports
In 2021, shipments abroad of aluminium foil increased by 23% to 120K tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. Exports reached the peak of 154K tons. from 2012 to 2021, the growth exports failed to regain the momentum.
In value terms, aluminium foil exports surged to $654M in 2021. The total export value increased at an average annual rate of +1.0% from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when exports increased by 31% y-o-y. As a result, exports attained the peak of $742M. from 2012 to 2021, the growth exports failed to regain the momentum.
Exports by Country
Mexico (86K tons) was the main destination for aluminium foil exports from the United States, with a 72% share of total supplies. Moreover, aluminium foil exports to Mexico exceeded the volume sent to the second major destination, Canada (9.7K tons), ninefold.
In value terms, Mexico ($398M) remains the key foreign market for aluminium foil exports from the United States, comprising 61% of total volume. Canada ($80M), with a 12% share of total exports, took the second position in the ranking. It was followed by the UK ($33.5M).
From 2007 to 2021, the average annual growth rate of value to Mexico stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-7.4% per year) and the UK (-0.2% per year).
Export Prices by Country
The average aluminium foil export price stood at $5,452 per ton in 2021, with an increase of 5.2% against the previous year. There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($8,216 per ton), while the average price for exports to Mexico ($4,621 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced mixed trend patterns.
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This report provides an in-depth analysis of the aluminium foil market in the U.S.. 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.
Product coverage:
- Prodcom 24422500 - Aluminium foil of a thickness (excluding any backing) . 0,2 mm
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
