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Domestic demand for aluminium foil continued to recover in 2021. According to EAFA data, deliveries by European aluminium producers increased by 3.9% compared to the previous year. The situation is different for exports. These are still declining.
Deliveries of aluminium foil increased year-on-year to 967,000 tonnes (2020: 931,000 tonnes). The figures reflect a sustained Recovery of domestic demand in Europe reflected. Demand for aluminium foil rose by 7.5 per cent over the year as a whole and by 12.8 per cent in the fourth quarter alone, according to the European Aluminium Foil Association. EAFA informs.
Flexible packaging on the rise
The deliveries of thin film, which is mainly used for flexible packaging and household film. The trend that began in the third quarter continued. Demand rose by 6 per cent in the last three months and by 3 per cent for the year as a whole. Demand for thick film, which is used for semi-rigid containers, technical and other applications, also rose sharply. Here, an increase of 7 per cent was recorded in the fourth quarter and almost 6 per cent for the year as a whole.
"These are strong figures that show how robust domestic demand is. There were many challenges in 2021 as the pandemic continued to cause disruption in many areas of production and supply. Not least is the dramatic rise in energy costs, which is having a very direct impact on all foil rolling operations and will continue to do so for some time. In combination with high and highly volatile raw material prices, credit insurance lines may become insufficient, especially for our small and medium-sized customers. The However, demand for aluminium foil remains strong in Europeand the volumes are more than compensating for the decline in exports, which is regrettable but was expected. It remains to be seen what impact the war in Ukraine and the ongoing, albeit subdued, pandemic situation will have on demand and supply in 2022. The However, the industry is generally positive"We are optimistic about the market outlook and assume that the momentum of 2021 will largely be maintained."
Bruno ReaChairman of the EAFA Rolling Group
Exports, on the other hand, continued to decline, falling by almost 15 per cent in 2021, as the effects of the pandemic on production and supply chains have not yet fully subsided. However, they were more than offset by deliveries within Europe. In view of the war in Ukraine and the ongoing pandemic situation, it is to be expected that further market disruptions to be expected. Supply bottlenecks and rising energy costs are likely to lead to higher prices for most raw materials and goods this year.
Source: EAFA
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