Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa - 2024

Contents:

1. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa (CIF) - 2024
2. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa (FOB) - 2022
3. Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa
4. Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa (CIF) - 2024

The average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $4,355 per ton in January 2024, picking up by 25% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 27% against the previous month. The import price peaked at $4,861 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Turkey ($12,460 per ton), while the price for China ($3,341 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Greece (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa (FOB) - 2022

The average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $7,281 per ton in 2022, with an increase of 11% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds increased by +51.2% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($10,309 per ton), while the average price for exports to Nigeria ($1,906 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa

In 2022, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds into South Africa shrank remarkably to 2.6K tons, declining by -17.2% on the previous year. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports reached the peak of 3.2K tons, and then dropped sharply in the following year.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds expanded notably to $13M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled to South Africa in 2022:

1. China (1515.6 tons)
2. India (472.2 tons)
3. Germany (157.0 tons)
4. Greece (144.2 tons)
5. Thailand (102.5 tons)
6. Austria (51.8 tons)
7. Turkey (37.5 tons)

Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Africa

In 2022, overseas shipments of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds decreased by -50.4% to 430 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 90%. As a result, the exports reached the peak of 867 tons, and then dropped markedly in the following year.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds shrank remarkably to $3.1M in 2022. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 158% against the previous year. As a result, the exports attained the peak of $5.7M, and then shrank remarkably in the following year.

Top Export Markets for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled from South Africa in 2022:

1. Zambia (163.1 tons)
2. Zimbabwe (81.6 tons)
3. Namibia (79.4 tons)
4. Botswana (48.4 tons)
5. Mozambique (10.9 tons)
6. Swaziland (10.1 tons)
7. Malawi (8.9 tons)

Source: IndexBox Market Intelligence Platform