Aluminium foil market consumption

Aluminium foil market consumption

Aluminium foil consumption With the improvement of people's living standards and the development of tourism, the increasing demand for beverages such as beer, soft drinks and canned food has accelerated the development of the aluminium foil industry. According to data, aluminium foil consumption reached 2.78 million tonnes in 2019 and 2.96 million tonnes in 2020, an increase of 6.47% year-on-year; it is speculated that aluminium foil consumption will reach 3.08 million tonnes in 2021. Due to the different types of aluminium foil produced by various enterprises, the gross margin of aluminium foil varies, with the higher gross margin being electrode foil and electronic foil, which are basically above 20% gross margin, while the gross margin of aluminium foil such as air conditioning foil is relatively low, basically within 10%.

Packaging aluminum foil consumption: According to the data, packaging aluminum foil consumption reached 1.1 million tons in 2020, an increase of 6.8% compared to 2019; it is speculated that packaging aluminum foil consumption can reach 1.15 million tons in 2021.

Consumption of aluminium foil for air conditioners: Aluminium foil has been used on a large scale for the production of heat exchangers for air conditioners in China for more than 20 years, and has been developing at a high speed in the last 10 years. With the development of the economy and the continuous improvement of people's living standards, the popularity of air conditioners is increasing year by year, and the consumption of aluminum foil for air conditioners will also rise. According to the data, the consumption of aluminum foil for air conditioners reached 700,000 tons in 2019 and 740,000 tons in 2020, an increase of 5.71% year-on-year; the consumption is expected to reach 810,000 tons in 2021.