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04 JANUARY 2017 AL CIRCLE

Canada’s import of aluminium cans surges 54% in 2016

EDITED BY : BEETHIKA BISWAS 2MINS READ

The U.S. and Canada are two leading consumers of aluminium cans in the world. Due to the growing recognition of the aluminium can as one of the most recycled aluminium products in the world and as one of the most sustainable packaging solutions, the use of aluminium cans is growing around the world, especially in developed countries. Aluminium soda cans and beer cans have a large sales volume in Canada and the U.S. According to the latest data about 200 billion aluminium cans are consumed worldwide every year

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Canada is estimated to import 28,795 tons of aluminium cans in 2015. The estimated amount jumped up to 54441 tons in 2016. This records a growth of about 54 per cent YOY indicating a rise in can consumption. 2016 is marked by increased can packaging for craft beer. A microbrewery can make considerable profits only by packaging its beer in cans and selling it for outside consumption. This can be a reason of increased can demand in Canada.

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During the first half of 2017, Canada’s import of aluminium cans is forecasted to be about 25871 tons indicating and annual import estimate of about 50000 to 60000 tons.

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The estimated total cost for the import volume amounts to US$ 237 million in 2016 compared to US$ 242 million in 2015.  Though the import volume increased considerably, the US dollar value of the import did not rise to match up to that.

The leading exporter of aluminium cans to Canada is USA. Canada estimated to import 50187 tons of aluminium cans from the U.S in 2016 in comparison to 27121 tons in 2015. Increased can demand in Canada opens up the door for can-makers in the U.S. to expand capacity and export more and more aluminium cans around the globe.

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EDITED BY : BEETHIKA BISWAS 2MINS READ

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