aluminium expo | Strong Demand in Thailand's Electronic Aluminium Foil Market Presents Relatively Large Investment Opportunities for Chinese Companies

In recent years, driven by the promotion of electric vehicles, the expansion of energy storage, and the increasing shipments of consumer electronic products, there has been a significant growth in the market demand for aluminium electrolytic capacitors, which in turn has led to a demand for electronic aluminium foil. Specifically, according to data from the aluminium show, the global demand for electronic aluminium foil has maintained a growing trend from 2019 to 2022, reaching 165,000 tons by 2022, with a year-on-year growth of 18.7%. During the same period, the global market size for electronic aluminium foil has also been increasing year by year, reaching 5.36 billion RMB in 2022. Furthermore, it is expected that by the end of 2023, both the global demand and market size for electronic aluminium foil will continue to grow, reaching 184,000 tons and 6.03 billion RMB, respectively.

Taking Thailand as an example, according to the "2023 Market Status and Feasibility Study Report for Overseas Enterprises in the Thai Electronic Aluminium Foil Industry" published by the newsijie.com Research Center, Thailand, as the second-largest economy in Southeast Asia, is an important global market for the demand of electronic aluminium foil. In recent years, driven by the rapid growth of the electric vehicle market in Thailand (according to data from the Thai Automotive Association, in 2022, the sales of pure electric vehicles in Thailand reached 13,500 units, a year-on-year increase of 588.5%, and it is expected to exceed 50,000 units by the end of 2023), the continuous increase in photovoltaic installed capacity (according to data from the Thai Ministry of Energy, by the end of 2022, Thailand's photovoltaic installed capacity reached 4.05 GW, an increase of 0.58 GW, a year-on-year growth of 16.7%), and the rising shipments of consumer electronic products, the demand for aluminium electrolytic capacitors in the Thai market has been unleashed. This, in turn, has driven the market development momentum for critical raw materials like electronic aluminium foil.