Global Aluminium Foil Market to Reach 9.7M Tons in Volume and $57.1B in Value by 2030, Driven by Increasing Demand Worldwide - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: World - Aluminium Foil - Market Analysis, Forecast, Size, Trends And Insights.

The global aluminium foil market is expected to experience continued growth due to rising demand. Market performance is predicted to expand with a CAGR of +4.3% in volume and +6.4% in value from 2024 to 2030, reaching 9.7M tons and $57.1B respectively by the end of 2030.

Driven by increasing demand for aluminium foil worldwide, the market is expected to continue an upward consumption trend over the next six-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.3% for the period from 2024 to 2030, which is projected to bring the market volume to 9.7M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.4% for the period from 2024 to 2030, which is projected to bring the market value to $57.1B (in nominal wholesale prices) by the end of 2030.

In 2024, consumption of aluminium foil decreased by -2.5% to 7.5M tons, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a tangible expansion from 2013 to 2024: its volume increased at an average annual rate of +3.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -6.3% against 2022 indices. Global consumption peaked at 8M tons in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The global aluminium foil market value declined to $39.4B in 2024, falling by -2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated perceptible growth from 2013 to 2024: its value increased at an average annual rate of +4.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -11.0% against 2021 indices. As a result, consumption reached the peak level of $44.3B. From 2022 to 2024, the growth of the global market remained at a somewhat lower figure.

China (2.1M tons) constituted the country with the largest volume of aluminium foil consumption, comprising approx. 28% of total volume. Moreover, aluminium foil consumption in China exceeded the figures recorded by the second-largest consumer, India (813K tons), threefold. The United States (558K tons) ranked third in terms of total consumption with a 7.4% share.

From 2013 to 2024, the average annual growth rate of volume in China amounted to +5.6%. In the other countries, the average annual rates were as follows: India (+5.7% per year) and the United States (+4.2% per year).

In value terms, China ($8.8B) led the market, alone. The second position in the ranking was held by India ($3.9B). It was followed by Japan.

In China, the aluminium foil market expanded at an average annual rate of +6.6% over the period from 2013-2024. In the other countries, the average annual rates were as follows: India (+5.8% per year) and Japan (+1.7% per year).

The countries with the highest levels of aluminium foil per capita consumption in 2024 were Italy (4.4 kg per person), Canada (4.3 kg per person) and Germany (3.8 kg per person).

From 2013 to 2024, the biggest increases were recorded for Turkey (with a CAGR of +10.1%), while consumption for the other global leaders experienced more modest paces of growth.

In 2024, global production of aluminium foil stood at 7.7M tons, standing approx. at 2023 figures. Overall, the total production indicated a temperate increase from 2013 to 2024: its volume increased at an average annual rate of +3.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -0.6% against 2022 indices. The most prominent rate of growth was recorded in 2017 with an increase of 15%. Global production peaked at 7.8M tons in 2022; however, from 2023 to 2024, production failed to regain momentum.

In value terms, aluminium foil production totaled $40.3B in 2024 estimated in export price. Over the period under review, the total production indicated a measured increase from 2013 to 2024: its value increased at an average annual rate of +4.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -8.4% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, production reached the peak level of $44B. From 2022 to 2024, global production growth remained at a lower figure.

China (3.6M tons) remains the largest aluminium foil producing country worldwide, comprising approx. 46% of total volume. Moreover, aluminium foil production in China exceeded the figures recorded by the second-largest producer, India (662K tons), fivefold. The third position in this ranking was taken by Germany (400K tons), with a 5.2% share.

From 2013 to 2024, the average annual growth rate of volume in China amounted to +6.2%. The remaining producing countries recorded the following average annual rates of production growth: India (+5.4% per year) and Germany (+2.7% per year).

In 2024, supplies from abroad of aluminium foil decreased by -5.1% to 2.8M tons, falling for the second consecutive year after ten years of growth. The total import volume increased at an average annual rate of +1.5% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when imports increased by 12%. As a result, imports reached the peak of 3.6M tons. From 2023 to 2024, the growth of global imports remained at a somewhat lower figure.

In value terms, aluminium foil imports dropped to $14.1B in 2024. The total import value increased at an average annual rate of +1.2% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, global imports reached the maximum at $18.5B in 2022; however, from 2023 to 2024, imports stood at a somewhat lower figure.

The countries with the highest levels of aluminium foil imports in 2024 were the United States (272K tons), India (193K tons), Mexico (143K tons), Thailand (128K tons), Germany (126K tons), Poland (97K tons), France (87K tons), the UK (84K tons) and Italy (84K tons), together amounting to 44% of total import. The United Arab Emirates (83K tons) held a little share of total imports.

From 2013 to 2024, the biggest increases were recorded for India (with a CAGR of +7.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium foil importing markets worldwide were the United States ($1.4B), Germany ($807M) and India ($716M), together accounting for 21% of global imports.

India, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

The average aluminium foil import price stood at $5,085 per ton in 2024, shrinking by -2.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 16% against the previous year. Global import price peaked at $5,257 per ton in 2013; however, from 2014 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($6,418 per ton), while the United Arab Emirates ($3,706 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.4%), while the other global leaders experienced more modest paces of growth.

Global aluminium foil exports amounted to 3M tons in 2024, picking up by 3.1% on 2023. The total export volume increased at an average annual rate of +2.0% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 18%. The global exports peaked at 3.4M tons in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

In value terms, aluminium foil exports shrank to $14.2B in 2024. Overall, total exports indicated mild growth from 2013 to 2024: its value increased at an average annual rate of +1.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -23.0% against 2022 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The global exports peaked at $18.5B in 2022; however, from 2023 to 2024, the exports remained at a lower figure.

China dominates exports structure, reaching 1.5M tons, which was near 51% of total exports in 2024. It was distantly followed by Germany (210K tons), constituting a 7% share of total exports. Turkey (121K tons), the United States (102K tons), Greece (95K tons), Italy (94K tons), Thailand (87K tons), South Korea (81K tons) and Japan (62K tons) followed a long way behind the leaders.

From 2013 to 2024, average annual rates of growth with regard to aluminium foil exports from China stood at +6.7%. At the same time, Thailand (+23.8%), Turkey (+6.0%), Greece (+4.1%), South Korea (+2.7%) and Japan (+1.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.8% from 2013-2024. The United States experienced a relatively flat trend pattern. By contrast, Italy (-2.3%) and Germany (-3.6%) illustrated a downward trend over the same period. From 2013 to 2024, the share of China and Thailand increased by +20 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($5.6B) remains the largest aluminium foil supplier worldwide, comprising 40% of global exports. The second position in the ranking was held by Germany ($1.4B), with a 10% share of global exports. It was followed by the United States, with a 4.4% share.

In China, aluminium foil exports expanded at an average annual rate of +6.3% over the period from 2013-2024. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-2.1% per year) and the United States (+0.3% per year).

In 2024, the average aluminium foil export price amounted to $4,705 per ton, reducing by -8.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 29%. The global export price peaked at $5,390 per ton in 2022; however, from 2023 to 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Japan ($8,954 per ton), while China ($3,666 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by South Korea (+2.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global aluminium foil market. 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.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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.

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 Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles