Global Aluminum Market 2024

Aluminum Market Size

In 2022, the global aluminum market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Aluminum Production

In value terms, aluminum production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Aluminum Exports

Exports

For the fourth year in a row, the global market recorded growth in overseas shipments of aluminum and alloys, which increased by X% to X tons in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, aluminum exports skyrocketed to $X in 2022. In general, exports showed resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Mozambique was the key exporter of aluminum and alloys in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Russia (X tons) took the second position in the ranking, followed by Canada (X tons), the Netherlands (X tons), India (X tons), the United Arab Emirates (X tons) and Malaysia (X tons). All these countries together held near X% share of total exports. Bahrain (X tons), Norway (X tons), Australia (X tons) and Iceland (X tons) followed a long way behind the leaders.

Mozambique was also the fastest-growing in terms of the aluminum and alloys exports, with a CAGR of X% from 2012 to 2022. At the same time, Iceland (X%), Bahrain (X%), India (X%), Malaysia (X%), the Netherlands (X%), the United Arab Emirates (X%) and Canada (X%) displayed positive paces of growth. Norway and Russia experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), India (X p.p.), the Netherlands (X p.p.), Bahrain (X p.p.), Malaysia (X p.p.) and Iceland (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United Arab Emirates (X p.p.), Norway (X p.p.), Canada (X p.p.), Australia (X p.p.) and Russia (X p.p.) displayed negative dynamics.

In value terms, the largest aluminum supplying countries worldwide were the Netherlands ($X), Canada ($X) and Russia ($X), together accounting for X% of global exports. India, the United Arab Emirates, Malaysia, Bahrain, Norway, Australia, Iceland and Mozambique lagged somewhat behind, together comprising a further X%.

Iceland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average aluminum export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. The global export price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Norway ($X per ton), while Mozambique ($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.

Aluminum Imports

Imports

In 2022, approx. X tons of aluminum and alloys were imported worldwide; leveling off at the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, aluminum imports skyrocketed to $X in 2022. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), followed by the Netherlands (X tons), Germany (X tons), Japan (X tons), China (X tons), Turkey (X tons), South Korea (X tons) and Italy (X tons) represented the key importers of aluminum and alloys, together generating X% of total imports. The following importers - Mexico (X tons), Spain (X tons), Poland (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) - each recorded an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminum importing markets worldwide were the United States ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of global imports.

The Netherlands, with a CAGR of X%, recorded 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 aluminum import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a notable 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, aluminum 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%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and Poland ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :