Aluminum Sheet Market - U.S. Aluminum Sheet, Plate, and Foil Export Growth Has Lost Its Momentum
Basic Precious Metals July 14, 2016
Photo: © Digidesign / Bigstockphoto
The U.S. takes third place in global aluminum sheet, plate, and foil exports with a 12% share (based on USD), following China (19%) and Germany (17%). In 2015, the U.S. exported 4,007 million USD, which was 2% under the previous year's value.
From 2007 to 2015, U.S. exports on the aluminum sheet market showed mixed dynamics. A dramatic plunge in 2009 was followed by a recovery over the next two years. In 2011, U.S. aluminum sheet, plate, and foil exports surpassed their pre-recession level of 2008. Over 2012-2013, the value of exports continued to grow, decelerating to a modest pace. In the last two years, that growth lost momentum, turning into a slight decline through to 2015.
As U.S. companies regained their positions on overseas markets, domestic manufacturers enjoyed an additional growth driver.
In 2015, Mexico (35%) and Canada (34%) were the main destinations of U.S. aluminum sheet, plate, and foil exports. The share exported to Mexico increased (+12 percentage points), while the share sent to Canada illustrated negative dynamics (-12 percentage points) from 2007 to 2015.
From 2007 to 2015, the U.S. was a net exporter of aluminum sheets, plates, and foil. Moreover, exports grew faster than imports on average over the period under review.
Net U.S. exports of aluminum sheets, plates, and foil displayed a generally upward trend from 2007 to 2013. However, over the last two years, this growth was followed by a fall almost three times larger in value, resulting into a significant trade surplus of 511 million USD in 2015.
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Source: U.S. Aluminum Sheet, Plate, And Foil Market. Analysis And Forecast to 2020
