Report Update: Apr 1, 2024

Hong Kong SAR, China - Aluminium Foil - Market Analysis, Forecast, Size, Trends And Insights

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Aluminium Foil Price in Hong Kong SAR - 2023

Aluminium Foil Price in Hong Kong SAR (FOB) - 2023

In September 2023, the average aluminium foil export price amounted to $11,870 per ton, declining by -5.6% against the previous month. Over the period under review, the export price saw a perceptible slump. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 45% m-o-m. Over the period under review, the average export prices reached the maximum at $18,367 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Indonesia ($23,867 per ton), while the average price for exports to France ($4,597 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+30.5%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Foil Price in Hong Kong SAR (CIF) - 2023

The average aluminium foil import price stood at $9,933 per ton in September 2023, falling by -7.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 52% m-o-m. As a result, import price attained the peak level of $12,947 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($19,070 per ton), while the price for Taiwan (Chinese) ($5,064 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Foil Exports in Hong Kong SAR

In 2022, overseas shipments of aluminium foil decreased by -52.6% to 2.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of 5.9K tons, and then declined markedly in the following year.

In value terms, aluminium foil exports shrank significantly to $41M in 2022. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $83M, and then dropped significantly in the following year.

Export of Aluminium Foil in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	50.9	46.7	79.9	38.6	-8.8%
Macao SAR	0.3	0.4	0.3	0.2	-12.6%
Japan	7.7	2.5	N/A	N/A	-67.5%
Indonesia	3.5	4.2	N/A	N/A	20.0%
Others	4.1	5.7	3.1	1.8	-24.0%
Total	66.6	59.4	83.3	40.7	-15.1%

Top Export Markets for Aluminium Foil from Hong Kong SAR in 2022:

Indonesia (undefined tons)
China (2630.9 tons)
Macao SAR (29.5 tons)
Japan (3.5 tons)

Aluminium Foil Imports in Hong Kong SAR

In 2022, aluminium foil imports into Hong Kong SAR declined rapidly to 4.5K tons, reducing by -43% against the previous year. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 7.9K tons, and then reduced dramatically in the following year.

In value terms, aluminium foil imports plummeted to $45M in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $78M, and then fell sharply in the following year.

Import of Aluminium Foil in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	31.8	22.9	31.7	19.9	-14.5%
China	34.7	26.6	19.8	13.6	-26.8%
South Korea	4.7	8.9	19.6	7.0	14.2%
United States	2.2	3.1	3.0	2.4	2.9%
Cambodia	N/A	N/A	N/A	0.3	0%
Others	3.4	3.2	3.7	1.8	-19.1%
Total	76.8	64.7	77.9	45.1	-16.3%

Top Suppliers of Aluminium Foil to Hong Kong SAR in 2022:

China (1940.4 tons)
Japan (1118.7 tons)
South Korea (921.8 tons)
United States (263.6 tons)
Cambodia (112.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium foil market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023