OPINIÓN
Bright end to 2016 lifts aluminium foil deliveries to new record level
A strong performance from European aluminium foil rollers in the last half of the year has lifted deliveries above pre-economic crisis levels for the first time in a decade. Domestic deliveries showed a marked improvement (+1.5%) compared with a year earlier, and exports performed better than expected, according to figures released by the European Aluminium Foil Association (EAFA).
While Q3 saw flat demand, generally the October- December period returned to solid growth, enabling overall production to reach 874,480 tonnes, an increase of 1.5% on the previous twelve months. This is an all-time high, as the last time it approached this level was ten years earlier when production hit 865,870t in 2006.
Thinner gauges, used mainly for flexible packaging and household foils, ended the full year 0.5% higher, thanks to a very strong result (+4.0%) in European markets for Q4. Thicker gauges, used typically for semi-rigid containers and technical applications, have been performing better for most of the year and ended 3.4% ahead, returning to a 1.4% increase in the final three months, after a dip the previous quarter.