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

Contents:

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

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

The average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $5,368 per ton in December 2023, surging by 12% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $5,712 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Poland ($11,902 per ton), while the price for Sweden ($2,507 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%), 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 the UK (FOB) - 2022

In 2022, the average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds amounted to $12,800 per ton, increasing by 39% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +92.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($67,125 per ton), while the average price for exports to China ($6,131 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 Oman (+35.5%), 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 the UK

In 2022, supplies from abroad of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds was finally on the rise to reach 25K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced contraction.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds skyrocketed to $142M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Turkey (7.8K tons)
2. China (7.1K tons)
3. Italy (2.8K tons)
4. Austria (1.0K tons)
5. Germany (0.9K tons)
6. Japan (0.8K tons)
7. Thailand (0.8K tons)
8. Sweden (0.7K tons)
9. Switzerland (0.6K tons)
10. India (0.4K tons)
11. Ireland (0.1K tons)

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

For the third year in a row, the UK recorded decline in overseas shipments of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds, which decreased by -9.4% to 1.4K tons in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The smallest decline of -2.8% was in 2021.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds skyrocketed to $18M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. China (276.8 tons)
2. France (267.9 tons)
3. Ireland (159.5 tons)
4. Australia (157.8 tons)
5. Poland (90.7 tons)
6. Belgium (66.6 tons)
7. Netherlands (64.3 tons)
8. Germany (46.5 tons)
9. Spain (33.5 tons)
10. Italy (30.4 tons)
11. United States (23.4 tons)
12. Norway (5.5 tons)
13. Turkey (0.5 tons)

Source: IndexBox Market Intelligence Platform