Get the latest insights on price movement and trend analysis of Aluminium Can in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Aluminium Can Price Trend for the Second Half of 2022
Globally a declining trend was recorded in the prices of aluminium cans for the second half of 2022. A decrease in consumer demand coupled with the falling feedstock aluminium prices negatively impacted the price trends. The Chinese lockdown pushed people to stay home for a very long period, affecting their consumption patterns which along with power rationing and industrial shutdowns led to a fall in demand and thus, the prices. Even with the low availability no significant impact was made on the aluminium can prices as the previous high prices led to the phenomenon of demand destruction in the market.
Europe amid the Russia-Ukraine war struggled with an acute energy crisis and runaway inflation which had a serious impact on the purchasing power of people. As the costs of living took a high hit, consumption of aluminium cans went the other way, plummeting the aluminium can price further. North American region too registered a low demand and fluctuating price trends for aluminium cans.
According to Procurement Resource, the aluminium can prices are likely to remain volatile in the coming months. However, as the demand and prices of feedstock aluminium rebound, it will directly strengthen the aluminium can prices too.
Aluminium Can Price Trend For the First Half of 2022
Owing to the trade bottlenecks, geopolitical sanctions, surging crude oil prices and abnormal inflation levels, the price of aluminium cans has been rising steadily throughout the first half of the said year. Due to the unprecedented rise in power costs, the prices of metals such as Aluminium exploded, which directly impacted the price trends for aluminium cans.
The major issues the producer faced were how to keep the production costs down amid the alarming level of metal prices. In China, the price of aluminium ingot averaged 21840 RMB/MT. With the renewed production in the Chinese market, the inventories fell, thereby supporting the high supply-side costs. In line with the Asian market, the aluminium price averaged 2865 USD/MT in Europe and 2408 USD/MT in the USA during the said period.
Procurement Resource provides latest prices of Aluminium Can. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
An aluminium can is a single-use container (primarily aluminium) for packaging. Owing to its malleability, aluminium can easily be pressed into different shapes. Aluminium cans are usually used for food and beverages like milk, sodas, and products such as oil and chemicals. Aluminium cans are lightweight, easy to stack, highly malleable and infinitely recyclable.
Hence, the future of sustainable packing lies with aluminium and aluminium cans are a step forward in this direction. Most common beverages are packed in pull tab or screw-top aluminium cans, which offer perfect cooling protecting the flavour and freshness.
|Product Name||Aluminium Can|
|Industrial Uses||Amcor, Ball Corporation, Silgan Containers LLC, Ardagh|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Three-piece can drawing method consists of a single cylindrical body rolled from a piece of flat metal with a longitudinal seam; then, the two ends are seamed together. Three-piece cans can be made in almost any practical combination of height and diameter. In Two-piece can drawing, a metal disc is reformed into a cylinder with an integral end. This loose end is then seamed shut.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.