U.S. - Aluminium Foil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
U.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 tonnes, 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 tonnes 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 tonnes), South Korea (26K tonnes) and Germany (21K tonnes) 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 tonne, 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 tonne), while the price for the UK ($3,078 per tonne) 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 tonnes 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 tonnes. 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 tonnes) 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 tonnes), 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 tonne 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 tonne), while the average price for exports to Mexico ($4,621 per tonne) 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.
Source: IndexBox Platform
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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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