Global Aluminium Market 2024

Aluminium Market Size

The global aluminium market rose to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

Aluminium Production

In value terms, aluminium production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Aluminium Exports

Exports

In 2022, overseas shipments of aluminum (unwrought, not alloyed) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, aluminium exports expanded remarkably to $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mozambique represented the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Russia (X tons), India (X tons), Canada (X tons), the Netherlands (X tons), Australia (X tons) and Malaysia (X tons), together generating a X% share of total exports. Iceland (X tons), Saudi Arabia (X tons), South Africa (X tons) and the United Arab Emirates (X tons) took a minor share of total exports.

Mozambique was also the fastest-growing in terms of the aluminum (unwrought, not alloyed) exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Malaysia (X%), Saudi Arabia (X%), the Netherlands (X%), Russia (X%), Canada (X%) and South Africa (X%) displayed positive paces of growth. The United Arab Emirates and Australia experienced a relatively flat trend pattern. By contrast, Iceland (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), India (X p.p.), Malaysia (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of South Africa (X p.p.), the United Arab Emirates (X p.p.), Iceland (X p.p.), Canada (X p.p.), Australia (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), India ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (X%), while the other global leaders experienced more modest paces of growth.

Aluminium Imports

Imports

In 2022, overseas purchases of aluminum (unwrought, not alloyed) increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, aluminium imports skyrocketed to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons), followed by Japan (X tons), the Netherlands (X tons), Turkey (X tons), South Korea (X tons), China (X tons), Germany (X tons) and Italy (X tons) represented the main importers of aluminum (unwrought, not alloyed), together comprising X% of total imports. The following importers - Malaysia (X tons), Thailand (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons) and Mexico (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Turkey, South Korea, Germany, China, Italy, Thailand, Malaysia, Vietnam, Taiwan (Chinese) and Mexico lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Global import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United States ($X per ton) and Germany ($X per ton), while China ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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