Australia - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExport of Aluminium From Australia Decreases Significantly to $295M in December 2023
Australia Aluminum Exports
In December 2023, overseas shipments of aluminum and alloys decreased by -18.6% to 133K tons for the first time since September 2023, thus ending a two-month rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 with an increase of 69% against the previous month.
In value terms, aluminum exports dropped significantly to $295M (IndexBox estimates) in December 2023. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 66% month-to-month.
| COUNTRY | Export Value of Aluminum in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| South Korea | 93.5 | 103 | 82.4 | 118 | 83.1 | 125 | 120 | 75.7 | 111 | 66.1 | 81.0 | 119 | 76.1 |
| Japan | 68.5 | 86.7 | 71.9 | 69.9 | 31.6 | 99.4 | 82.2 | 36.1 | 87.3 | 38.2 | 55.2 | 69.5 | 75.6 |
| Taiwan (Chinese) | 17.8 | 17.7 | 12.5 | 15.1 | 12.2 | 25.8 | 10.8 | 13.6 | 14.2 | 17.8 | 18.5 | 33.9 | 24.2 |
| Malaysia | 53.5 | 31.3 | 15.8 | 18.5 | 10.5 | 6.1 | 5.2 | 4.6 | 8.2 | 6.2 | 14.4 | 15.6 | 16.6 |
| United States | 18.0 | 24.4 | 33.8 | 103 | 11.5 | 10.0 | 25.7 | 10.5 | 7.9 | 15.9 | 12.0 | 8.7 | 14.8 |
| Others | 60.1 | 53.4 | 46.6 | 47.5 | 53.3 | 67.9 | 63.0 | 85.5 | 91.3 | 82.0 | 94.4 | 115 | 87.6 |
| Total | 312 | 316 | 263 | 371 | 202 | 335 | 307 | 226 | 320 | 226 | 276 | 361 | 295 |
Exports by Country
South Korea (35K tons), Japan (34K tons) and Taiwan (Chinese) (11K tons) were the main destinations of aluminum exports from Australia, together comprising 60% of total exports.
From December 2022 to December 2023, the biggest increases were in Taiwan (Chinese) (with a CAGR of +3.5%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for aluminum exported from Australia were South Korea ($76M), Japan ($76M) and Taiwan (Chinese) ($24M), together comprising 60% of total exports.
Among the main countries of destination, Taiwan (Chinese), with a CAGR of +2.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Exports by Type
Aluminum (unwrought, not alloyed) (118K tons) was the largest type of aluminum exported from Australia, accounting for a 89% share of total exports. Moreover, aluminum (unwrought, not alloyed) exceeded the volume of the second product type, unwrought aluminium alloys (15K tons), eightfold.
From December 2022 to December 2023, the average monthly rate of growth in terms of the volume of export of aluminum (unwrought, not alloyed) was relatively modest.
In value terms, aluminum (unwrought, not alloyed) ($260M) remains the largest type of aluminum exported from Australia, comprising 88% of total exports. The second position in the ranking was held by unwrought aluminium alloys ($34M), with a 12% share of total exports.
From December 2022 to December 2023, the average monthly growth rate of the export volume of aluminum (unwrought, not alloyed) was relatively modest.
Export Prices by Country
In December 2023, the aluminum price amounted to $2,215 per ton (FOB, Australia), remaining relatively unchanged against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 1.2% against the previous month. As a result, the export price attained the peak level of $2,532 per ton. From March 2023 to December 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In December 2023, the highest price was recorded for prices to Vietnam ($2,341 per ton) and Montenegro ($2,258 per ton), while the average price for exports to Malaysia ($2,029 per ton) and Thailand ($2,179 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (0.0%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the aluminum market in Australia. 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:
- Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
