U.S. Secondary Aluminum Market. Analysis And Forecast to 2030
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View PricingSecondary Aluminum Price in the United States - 2023
Contents:
- Secondary Aluminum Price in the United States (CIF) - 2023
- Secondary Aluminum Price in the United States (FOB) - 2023
- Secondary Aluminum Imports in the United States
- Secondary Aluminum Exports in the United States
Secondary Aluminum Price in the United States (CIF) - 2023
The average secondary aluminum import price stood at $2,837 per ton in August 2023, standing approximately at the previous month. In general, the import price recorded a mild decrease. The most prominent rate of growth was recorded in February 2023 an increase of 7.3% m-o-m. The import price peaked at $3,333 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Australia ($3,462 per ton) and Canada ($2,986 per ton), while the price for Mexico ($2,321 per ton) and South Korea ($2,514 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (-0.7%), while the prices for the other major suppliers experienced a decline.
Secondary Aluminum Price in the United States (FOB) - 2023
The average secondary aluminum export price stood at $2,228 per ton in August 2023, falling by -3% against the previous month. In general, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 2.8% against the previous month. Over the period under review, the average export prices attained the peak figure at $4,004 per ton in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was France ($5,600 per ton), while the average price for exports to Malaysia ($1,398 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.4%), while the prices for the other major destinations experienced a decline.
Secondary Aluminum Imports in the United States
In 2022, secondary aluminum imports into the United States expanded significantly to 1.1M tons, rising by 12% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 37%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, secondary aluminum imports soared to $3.7B in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 85%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Secondary Aluminum in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 665 | 422 | 693 | 1,001 | 14.6% |
| Canada | 325 | 406 | 828 | 937 | 42.3% |
| Bahrain | 283 | 146 | 340 | 511 | 21.8% |
| Qatar | 346 | 126 | 190 | 324 | -2.2% |
| India | 246 | 67.0 | 104 | 270 | 3.2% |
| Russia | 151 | 83.9 | 204 | 243 | 17.2% |
| Argentina | 73.3 | 31.8 | 57.3 | 113 | 15.5% |
| Australia | 77.5 | 36.3 | 66.4 | 98.3 | 8.2% |
| Others | 132 | 70.4 | 90.7 | 238 | 21.7% |
| Total | 2,298 | 1,389 | 2,574 | 3,734 | 17.6% |
Top Suppliers of Secondary Aluminum to the United States in 2022:
- United Arab Emirates (283.5K tons)
- Canada (255.7K tons)
- Bahrain (151.4K tons)
- Qatar (102.4K tons)
- Russia (84.2K tons)
- India (82.0K tons)
- Argentina (31.3K tons)
- Australia (26.9K tons)
Secondary Aluminum Exports in the United States
In 2022, approx. 127K tons of secondary aluminum were exported from the United States; flattening at the previous year's figure. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, the exports attained the peak of 129K tons, and then reduced modestly in the following year.
In value terms, secondary aluminum exports skyrocketed to $656M in 2022. Overall, exports, however, continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Secondary Aluminum in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 202 | 174 | 282 | 350 | 20.1% |
| Malaysia | 0.4 | 4.9 | 4.1 | 185 | 673.3% |
| Canada | 10.3 | 11.3 | 27.2 | 39.3 | 56.3% |
| France | 25.2 | 10.8 | 13.0 | 26.7 | 1.9% |
| South Korea | 2.7 | 3.8 | 3.7 | 10.6 | 57.8% |
| Germany | 9.5 | 8.3 | 7.8 | 7.6 | -7.2% |
| China | 2.7 | 5.4 | 4.4 | 6.9 | 36.7% |
| Others | 33.0 | 25.0 | 31.0 | 30.3 | -2.8% |
| Total | 286 | 244 | 373 | 656 | 31.9% |
Top Export Markets for Secondary Aluminum from the United States in 2022:
- Mexico (95.1K tons)
- Canada (11.3K tons)
- France (5.1K tons)
- South Korea (3.8K tons)
- China (2.2K tons)
- Malaysia (2.1K tons)
- Germany (1.9K tons)
This report provides an in-depth analysis of the secondary aluminum market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 331314 - Secondary smelting and alloying of aluminum
Companies mentioned:
- Smelter Service Corp.
- J.L. French Automotive Castings
- Ffs Incorporated
- Trialco
- Tst Inc.
- Ohio Valley Aluminum Company
- Metal Powder Products
- Allied Metal Co.
- Tower Extrusions
- Srt Investments
- Blue Ridge Metals Corporation
- Scepter
- C-Koe Metals
- Joe W Morgan
- Ampal
- Interlock Industries
- Audubon Metals
- Thorock Metals
- Superior Aluminum Alloys
- R Lavin & Son IncRecycling Services of Indiana
- Eccomelt, Imco Recycling of Loudon Inc
- Spectro Alloys Corporation
- Texas Tst
- Tower Metal Products L.P.
- Gnw Aluminum
- Metalico Aluminum Recovery
- Stiefel Aluminum
- Kentucky Smelting Technology
- Imco Recycling of Ohio
- Quality Molded
- Century Aluminum of South Carolina
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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430
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