According to the European Aluminium Foil Association (EAFA), European foil rollers can be cautiously optimistic about the rest of the year. The development in the first quarter of 2021 is encouraging.
According to the European Aluminium Foil Association, deliveries by European aluminium foil rollers amounted to 245,000 tonnes in the first three months of this year, which is a Plus of 2.3 per cent compared to the same period last year (239,500 tonnes). However, domestic demand only increased slightly by 0.9 per cent. The increase in volume is mainly due to a development in the overseas markets, where a Growth of over 10 per cent achieved. With double-digit growth, the export business returned to its former strength - after a very uneven development last year, when only a single quarter showed similar momentum. Further growth in aluminium foil is expected for the rest of the year.
Packaging sector grows
The production of thin film, which is mainly used for flexible packaging and household film, rose by 4.2 per cent thanks to strong demand for household applications and packaging. Thick film, which is used for semi-rigid containers, technical and other applications, declined slightly by 0.9 per cent
„The packaging sector is currently experiencing noticeably strong growth and we expect this important market for aluminium foil to continue to grow this year. continue to grow will be. However, supply chains continue to experience disruptions caused by either limited availability of raw materials, global logistics issues or existing or anticipated trade defence measures.“ Guido Aufdemkamp, EAFA Managing Director
Further growth in aluminium foil
The association points out that the first quarter traditionally shows a strong industry performance, but predictions have become more difficult due to pandemic-related demand shortfalls. „The general recovery from the effects of the COVID-19 pandemic, which we had predicted at the end of 2020, appears to be progressing, albeit with major differences in many regions of the world. It is therefore difficult to Clear development We are seeing a recovery in demand in all the markets served by the European aluminium foil rollers,“ explains EAFA Managing Director Aufdemkamp. And he adds: "Overall, the first quarter encouraging and somewhat, on which you can build. Dhe europeanEuropean Foil rollerr look therefore Carefully optimisedtable into the coming quarters.“
[infotext icon]The European Aluminium Foil Association, with more than 40 members, represents the entire market for aluminium foil in Europe. In particular, the organisation represents the Companies that roll and wind aluminium foil as well as semi-rigid aluminium foil containers and household foil in Europe[/infotext].Source: European Aluminium Foil Association
