Aluminium Market - Aluminium Trade Languished Amid Continuous Negative Price Trend
Basic Precious Metals October 21, 2016
Photo: © Paha_L / Bigstockphoto
The global trade in unwrought aluminum amounted to 20,941 million USD in 2015, showing strong fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports decreased again. Overall, there was an annual decrease of -2.9% from 2007 to 2015.
Russia remained the global leader in exports of unwrought aluminum. In 2015, Russia's unwrought aluminum exports totaled 3762.6 million USD, which accounted for an 18% share of global exports. Australia, Canada, UAE, and Iceland were the other key global suppliers on the aluminum market in 2015, with a 36% combined share of global exports.
United Arab Emirates (+21% per year) and Iceland (+1% per year) were the only global leaders in exports that showed positive growth over the period under review. The balance of key supplying countries reduced their exports of unwrought aluminum from 2007 to 2015. UAE notably strengthened its position in the global export structure, growing its share from 1% in 2007 to 7% in 2015.
On the other hand, Japan (13%, based on value terms), USA (12%), Republic of Korea (9%), Germany (7%), and Turkey (6%) were the leading destinations of unwrought aluminum imports in 2015. Imports to Turkey grew at a rate of +5.6% per year from 2007 to 2015, while the remainder of key importers contracted their imports of unwrought aluminum over the same period. Turkey's share of global imports increased by 3%, while the shares of the balance of importing countries illustrated negative dynamics or remained the same.
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Source: World: Aluminum (Unwrought, Not Alloyed) - Market Report. Analysis And Forecast To 2020
