India sharply reduced aluminum foil imports from China in 2020

Mainland china'due south aluminum foil exports globally, fell by 4.nine% in 2022 with the biggest decline to India

5 Oct 2021, IndexBox has only published a new report, ' China – Aluminium Foil – Market Analysis, Forecast, Size, Trends and Insights.'   A press release summarizing the report'south key findings says that Chinese aluminum foil global exports dropped past iv.9% to 1.2 million metric tonnes in 2020. The supplies to South Korea, Thailand, and India constitute 22% of Chinese foil exports. India, the largest importer of Chinese foil, recorded the most remarkable reduction of purchases. The supplies from Mainland china to South korea, Thailand, and Republic of indonesia grew slightly.

Chinese aluminum foil exports past country

Aluminum foil exports from China fell to 1.ii one thousand thousand metric tons in 2020, in comparison to 2022 figures. In value terms, its aluminum foil exports dropped from United states of america$ 4 billion (approximately Indian Rs thirty,000 crore) in 2022 to Usa$ iii.8 billion (about 28,120 crore) ( IndexBox estimates ) in 2020.

Bharat (at 98,000 metric tons), Thailand (97,000 metric tons), and South korea (75,000 metric tons) were the main destinations of aluminum foil exports from China, with a combined 22% share of full exports. These countries were followed past Republic of indonesia, Saudi Arabia, the United Arab Emirates, the U.s.a., Mexico, Japan, Viet Nam, Malaysia, Italy, and Canada, which accounted for a further 38%.

IndexBox study on China'due south aluminum foil exports

IndexBox study on China'south aluminum foil exportsouth Korea (75,000 metric tons) were the main destinations of aluminum foil exports from China, with a combined 22% share of total exports. These countries were followed by Indonesia, Kingdom of saudi arabia, the United Arab Emirates, the Usa, United mexican states, Japan, Viet Nam, Malaysia, Italy, and Canada, which accounted for a further 38%.

In value terms, Due south Korea (US$ 354 million), Thailand (The states$ 278 1000000), and India (US$ 261 million) appeared to be the largest markets for aluminum foil exported from China worldwide, with a combined 23% share of total exports. Nippon, the US, Indonesia, the United Arab Emirates, Saudi Arabia, Malaysia, Mexico, Viet Nam, Italy, and Canada lagged somewhat behind, accounting for a farther 38%.

Indian imports of aluminum from China shrink by 29%

Amid other countries, India saw the near remarkable reduction of supplies from Prc. In 2020, exports to India shrank past 29% y-o-y estimated in physical terms and thirty% y-o-y in value terms. By contrast, Chinese exports to South Korea (+ii% y-o-y), Thailand (+five% y-o-y), and Republic of indonesia (+4% y-o-y) grew.

In 2020, the boilerplate aluminum foil export price amounted to United states of america$ 3,109 per metric ton, almost unchanged from the previous year. However, prices varied noticeably by the land of destination; the country with the highest price was Japan, while the average price for exports to Saudi Arabia was amidst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

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