China’s aluminium foil exports in May’24 trend up 7% M-o-M, with India, Mexico and Indonesia as top destinations

AL Circle

According to the Shanghai Metals Market survey, China’s aluminium foil exports in May 2024 amounted to 130,100 tonnes, registering a month-on-month increase of 7 per cent from 121,600 tonnes. The May export volume also recorded an annual rise of 15 per cent.

China’s aluminium foil exports in May’24 trend up 7% M-o-M, with India, Mexico and Indonesia as top destinations

{alcircleadd}

Among export destinations, India, Mexico, and Indonesia were the top three in May, followed by Thailand. To the top ten destinations, China exported 78,100 tonnes of aluminium foil, up by 6.26 per cent from 73,500 tonnes in April.

China’s aluminium foil exports to the top ten destinations accounted for 60 per cent of the country’s total foil exports.

For June and July, China has already received most of the orders for aluminium foil exports and put them into production. According to SMM estimation based on companies’ feedback, aluminium foil export volume is not likely to witness much fluctuation, except for a slight M-o-M variation or an annual increase.

However, for the long term, some aluminium foil producers have reported insufficient growth in monthly overseas orders, with some months even showing signs of decline. In fact, amid unpredictable global markets and ongoing trade frictions, aluminium foil exports in August and beyond are expected to face a potential decline.

According to AL Circle's report: "Aluminium Foil and its End Uses Current Trends and Forecast till 2028”, the world's aluminium foil usage is expected to increase to 7.2 million tonnes from 6.1 million tonnes in 2023, with China estimated to account for 50 per cent of the global usage in 2028. Aluminium foil demand in Rest of Asia pacific region, which encompasses Japan and several prominent emerging nations like India, South Korea, Thailand, and Indonesia, is expected to grow at around 4% per annum during the next five years. Indian aluminium foil usage is expected grow at about 5.9% during this period.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Know Aluminium? Publish your content on AL Circle and reach
a global audience.
* By providing your email, you are opting in to receive our bi-monthly Sustainability Newsletter.

Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.

Alternate Text
XIAN HUAN-TAI TECHNOLOGY

Your reliable partner in aluminum casthouse equipment and products

Alternate Text
Fioscope

Fioscope provide air-cooled camera technology for high temperature applications

Related
Business Leads
We need a quotation for the aluminium disc as we want to gen...
07-Aug-2024 Buying request

We are a manufacturer of high quality of aluminium roofing s...
31-Jul-2024 Selling offer

We are a manufacturer of high-grade aluminium foil. Destina...
31-Jul-2024 Selling offer

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads