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In 2023, after three years of growth, there was significant decline in purchases abroad of aluminium foil, when their volume decreased by -26.1% to 121K tons. Overall, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at 164K tons in 2022, and then reduced notably in the following year.
In value terms, aluminium foil imports reduced markedly to $473M (IndexBox estimates) in 2023. Over the period under review, imports, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. Imports peaked at $751M in 2022, and then contracted rapidly in the following year.COUNTRYImport Value of Aluminium Foil in Thailand (million USD)20132014201520162017201820192020202120222023China132137147156179235246283469582346Japan91.190.281.076.671.491.776.261.111111781.3Malaysia23.220.221.127.027.625.215.511.312.920.816.0Taiwan (Chinese)7.88.48.68.810.210.86.16.07.07.97.3South Korea40.236.734.326.524.616.510.57.06.05.24.5Germany7.57.54.54.24.86.67.86.68.07.14.4Others14.913.513.012.912.612.09.18.68.610.713.4Total317314309312330398371384623751473Imports by Country
In 2023, China (95K tons) constituted the largest aluminium foil supplier to Thailand, accounting for a 79% share of total imports. Moreover, aluminium foil imports from China exceeded the figures recorded by the second-largest supplier, Japan (19K tons), fivefold. The third position in this ranking was taken by Malaysia (4K tons), with a 3.3% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.7% per year) and Malaysia (-4.3% per year).
In value terms, China ($346M) constituted the largest supplier of aluminium foil to Thailand, comprising 73% of total imports. The second position in the ranking was held by Japan ($81M), with a 17% share of total imports. It was followed by Malaysia, with a 3.4% share.
From 2013 to 2023, the average annual growth rate of value from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.1% per year) and Malaysia (-3.6% per year).
In 2023, the aluminium foil price amounted to $3,906 per ton (CIF, Thailand), shrinking by -14.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 20%. As a result, import price reached the peak level of $4,583 per ton, and then shrank in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was South Korea ($6,970 per ton), while the price for China ($3,639 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform
This report provides an in-depth analysis of the aluminium foil market in Thailand. 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.
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:
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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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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