European foil market in 2024: Recovers from weak demand and high inflation
The European aluminium foil industry has staged an impressive recovery in 2024 after a tumultuous 2023, marked by weak demand and soaring inflation. According to the latest data from the European Aluminium Foil Association (EAFA), total deliveries surged to 892,500 tonnes, a robust 7.3 per cent increase from the previous year’s 831,700 tonnes. While the industry is far from the pre-pandemic heights, signs of resilience and stabilisation are evident, driven primarily by a resurgence in packaging demand.
Key factors for growth in 2024
The key driver of this resurgence has been a marked uptick in demand from the packaging sector, which helped balance the industry’s recovery. Deliveries within Europe rose by 7.8 per cent, while exports outside the EAFA region recorded a modest increase of 3.5 per cent. Notably, thicker aluminium foil (61-200µ), widely used in food containers and technical applications, experienced an impressive 9.5 per cent growth in domestic deliveries. Meanwhile, thinner foils (<60μ), primarily used for household foil and flexible packaging, rose by 6.9 per cent.
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