Australia imports the largest chunk of aluminium foil from China

<p>Due to its versatility and multiple uses, aluminium foil turns out to become one of the most consumed aluminium products across the world. Since, aluminium foils are mostly used in packaging applications, developed economies are the top consumers of foil. We are analysing the last three years foil import data for Australia to understand the trading trends of this most popular aluminium product. &nbsp;Australia imports aluminium foil mostly to feed its domestic packaging industry.</p> <p>{newsStudioGallery}</p> <p>Australia imported <strong>28,007</strong> tonnes of aluminium foils in 2015, which dropped 0.1 per cent to total at <strong>26,268</strong> tonnes in 2016. In 2017, the volume is estimated to increase to total at <strong>26,313 </strong>tonnes. The trend shows a flat consumption pattern for aluminium foil in Australia.</p> <p>&nbsp;</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/foil%20import%20australia.jpg" alt="News" width="499" height="226" /></p> <p>&nbsp;</p> <p>Cost from import of aluminium foil in Australia has also dropped year-over-year. The Cost from import was USD <strong>106</strong> million and USD <strong>103</strong> million respectively for the years 2015 and 2016. In 2017, the cost of import is estimated to be about USD <strong>114</strong> million subject to changes according to the fluctuation in import prices. The drop can be attributed to an oversupply of cheaper aluminium products in the international markets.</p> <p>{googleAdsense}</p> <p>Amcor Limited is an Australian-based multinational packaging company and one of the primary consumer of aluminium foil in the country. Amcor creates packaging solutions using flexibles and rigid plastics packaging, and products that protect food, beverage, pharmaceutical, medical, personal, home, and personal care goods. Headquartered in Melbourne, Australia, the company employs 27,000 people worldwide and has operations across 43 countries.</p> <p>The top aluminium foil exporter to Australia is China. Netherland, Germany and South Korea also export substantial amount of aluminium foil to Australia. The data shows a rise in import from China.</p> <p>&nbsp;</p>