In recent years, the scale of my country's aluminum foil industry has expanded rapidly and it has become a major producer of aluminum materials, accounting for approximately 60%-65% of global aluminum foil production. In 2022, my country's aluminum foil output will be 5.02 million tons, a year-on-year increase of 10.33%. The CAGR from 2016 to 2022 will reach 6.35%. In recent years, output has maintained rapid growth.
Air-conditioning foil refers to the aluminum foil used for the fins of air-conditioning heat exchangers. Packaging foil is mainly used as packaging materials for food, beverages, cigarettes, medicines, photographic substrates, household necessities, etc. Since the packaged items are in contact with external light, Moisture, air, etc. are fully isolated, so that the packaging is well protected; it is also very convenient to heat and open the package, which is very popular among consumers.
According to data, among the aluminum foil materials produced in my country in 2022, the proportions of packaging and container foil and air-conditioning foil will account for 48.8% and 20.3% respectively.
Due to the relatively small domestic consumption of aluminum foil, the overall supply of aluminum foil in my country is oversupply. The foreign trade of aluminum foil is mainly exported. In 2022, my country's aluminum foil exports will be 1.4638 million tons, accounting for about 1/3 of the total output. my country's aluminum foil import scale is relatively stable, mainly high-end products such as electronic aluminum foil; the export scale maintains a growth trend, but the growth rate is slowing down. From January to August 2023, my country's aluminum foil product export volume was 882,000 tons, and its import volume was 42,100 tons.
