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17 NOVEMBER 2021 AL CIRCLE

European foil shipments climb up 1.2% Y-o-Y to 236,500 tonnes in Q3 2021: EAFA

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Aluminium foil deliveries from Europe slowed down in Q3 2021 compared to Q2, but remained ahead of the same period last year, according to data revealed by the European Aluminium Foil Association (EAFA). In Q3 2021, total deliveries stood at 236,500 tonnes, up 1.2 per cent year-on-year.

European foil shipments climb up 1.2% Y-o-Y to 236,500 tonnes in Q3 2021: EAFA

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In the first nine months of the year, shipments totalled 723,000 tonnes, up 2.7 per cent from 706,500 tonnes during the corresponding period last year, driven by continued increase in domestic consumption but offset by export volume decline.

Demand for aluminium foil in the domestic market recovered strongly at 7 per cent. Deliveries of thinner gauges, used mainly for flexible packaging and household foils, grew 6 per cent Y-o-Y in Q3, and thicker gauges, used for semi-rigid containers, technical or other applications, improved by 9 per cent.  Shipments outside Europe decreased due to the continued global supply chain and trade issues and other pandemic factors.

Total deliveries of thinner gauges from January to September increased by 1 per cent, while shipments of thicker gauges saw a 5 per cent rise year-on-year.

Commenting on the figures Guido Aufdemkamp, Executive Director of EAFA, said: “Demand remains high in all foil consuming sectors, both packaging and technical applications, and European foil rollers continue to do their outmost to satisfy customers using all the capacity at their disposal. The year on year increase in deliveries this quarter is a very good performance when one considers the headwinds being encountered.”

Outlook for the Indian Aluminium Industry

“Challenges caused by a general aluminium material shortage, difficulties in logistics, as well as many other production issues, which include shortage of packaging materials such as wood but also exploding energy costs, mean that rollers must be highly adaptable to changing circumstances. The outlook is good but the last few months have shown that small things can have great effects, so we must continue to be vigilant,” he added.


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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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