Aluminum Sheet, Plate, And Foil Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Aluminum Sheet, Plate, And Foil Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the market of aluminum sheets, plates, and foil in the U.S. amounted to $10.2B in 2018, growing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.2% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017, when it surged by 15% against the previous year. Over the period under review, the market for aluminum sheet, plate, and foil reached its maximum level in 2018, and is expected to retain its growth in the near future.

Production of Aluminum Sheets, Plates, And Foil in the USA

In value terms, production of aluminum sheets, plates, and foil totaled $13.8B in 2018. Overall, production of aluminum sheets, plates, and foil continues to indicate a pronounced drop. The pace of growth was the most pronounced in 2014, when the the output figure increased by 2.1% y-o-y. In that year, production of aluminum sheets, plates, and foil attained its peak level of $17B. From 2015 to 2018, production of aluminum sheets, plates, and foil growth failed to regain its momentum.

Exports of Aluminum Sheets, Plates, And Foil

Exports from the USA

In 2018, the amount of aluminum sheets, plates, and foil exported from the U.S. amounted to 103K tonnes, rising by 6% against the previous year. Overall, exports of aluminum sheets, plates, and foil continue to indicate a relatively flat trend pattern.

In value terms, exports of aluminum sheets, plates, and foil amounted to $674M (IndexBox estimates) in 2018.

Exports by Country

South Korea (23K tonnes), China (18K tonnes) and Japan (13K tonnes) were the main destinations of exports of aluminum sheets, plates, and foil from the U.S., together comprising 53% of total exports. These countries were followed by Taiwan, Chinese, Turkey, Singapore, Malaysia, Germany, France, the UK, Israel and Brazil, which together accounted for a further 35%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Singapore (+17.9% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminum sheet, plate, and foil exported from the U.S. were South Korea ($143M), China ($114M) and Japan ($93M), with a combined 52% share of total exports. Taiwan, Chinese, France, Turkey, Germany, the UK, Brazil, Malaysia, Singapore and Israel lagged somewhat behind, together comprising a further 35%.

Export Prices by Country

In 2018, the average export price for aluminum sheets, plates, and foil amounted to $6.6 per kg, increasing by 1.8% against the previous year. In general, the export price for aluminum sheets, plates, and foil continues to indicate a moderate downturn.

There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was France ($9.2 per kg), while the average price for exports to Israel ($4.4 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to France (+2.2% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminum Sheets, Plates, And Foil

Imports into the USA

In 2018, approx. 1.2M tonnes of aluminum sheets, plates, and foil were imported into the U.S.; going up by 2.8% against the previous year.

In value terms, imports of aluminum sheets, plates, and foil totaled $3.9B (IndexBox estimates) in 2018.

Imports by Country

In 2018, China (284K tonnes) constituted the largest supplier of aluminum sheet, plate, and foil to the U.S., with a 23% share of total imports. Moreover, imports of aluminum sheets, plates, and foil from China exceeded the figures recorded by the second largest supplier, Indonesia (82K tonnes), threefold. The third position in this ranking was occupied by Germany (78K tonnes), with a 6.4% share.

From 2013 to 2018, the average annual growth rate of volume from China amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+5.9% per year) and Germany (-0.4% per year).

In value terms, China ($801M) constituted the largest supplier of aluminum sheet, plate, and foil to the U.S., comprising 21% of total imports of aluminum sheets, plates, and foil. The second position in the ranking was occupied by Germany ($294M), with a 7.5% share of total imports. It was followed by South Africa, with a 6% share.

Import Prices by Country

In 2018, the average import price for aluminum sheets, plates, and foil amounted to $3.2 per kg, rising by 15% against the previous year. In general, the import price for aluminum sheets, plates, and foil continues to indicate a relatively flat trend pattern.

Import prices varied noticeably by the country of origin; the country with the highest import price was Austria ($4.2 per kg), while the price for Oman ($2.6 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by South Africa (+2.3% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Reynolds Consumer Products , Wise Alloys , Oil States International, Central States Manufacturing, Jupiter Aluminum Corporation, JW Aluminum Company, Norandal Usa, Maverick Enterprises, United Aluminum Corporation, Tri-Arrows Aluminum , Golden Aluminum, Ball Advanced Aluminum Technologies Corp., Petersen Aluminum Corporation, Voyager Industries, Climco Coils Company, Alcore, Kroy Industries, Southwire, RPR Products, Team Pride Extrusions, Manufacturing Sciences Corporation, Forged Metals, Constellium Rolled Products Ravenswood, Noranda Aluminum, Wise Metals Group , Chemi-Con Materials Corporation, Alcoa Securities Corporation, Novelis Corporation, Alucoil North America, Pechiney Cast Plate, Lupton Ventures, Matcor, Kaiser Aluminum Investments Company, Kaiser Aluminum Fabricated Products, Noranda Intermediate Holding Corporation, Nichols Aluminum-Alabama , Scepter Greeneville, Regal Beloit America

Source: IndexBox AI Platform