Canada - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCanada's Aluminum Price Drops Dramatically to $3,111 per Ton
Canada Aluminum Export Price in February 2023
In February 2023, the aluminum price amounted to $3,111 per ton (FOB, Canada), reducing by -31.6% against the previous month. Overall, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 64% against the previous month. Over the period under review, the average export prices hit record highs at $6,626 per ton in May 2022; however, from June 2022 to February 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($3,273 per ton), while the average price for exports to the Netherlands ($2,001 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.5%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Export Price of Aluminum in Canada (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Mexico | 3,487 | 4,176 | 2,922 | 3,266 | 3,416 | 1,777 | 2,274 | 3,436 | 3,166 | 3,092 | 2,986 | 3,126 | 3,273 |
| United States | 3,681 | 4,010 | 4,136 | 6,855 | 3,792 | 3,479 | 3,192 | 3,137 | 2,980 | 2,796 | 2,807 | 4,694 | 3,155 |
| Netherlands | N/A | 2,164 | 2,059 | 2,160 | N/A | N/A | N/A | N/A | 2,181 | 2,630 | 2,330 | 2,100 | 2,001 |
| Average | 3,655 | 4,009 | 4,049 | 6,626 | 3,779 | 3,388 | 3,161 | 3,151 | 2,948 | 2,807 | 2,775 | 4,548 | 3,111 |
Canada Aluminum Export Prices by Type
Average prices varied noticeably for the major types of exported product. In February 2023, the product with the highest price was unwrought aluminium alloys ($3,298 per ton), while the average price for exports of aluminum (unwrought, not alloyed) stood at $2,958 per ton.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for the following types: unwrought aluminium alloys (-1.1%).
Canada Aluminum Exports
In February 2023, approximately 174K tons of aluminum were exported from Canada; with an increase of 13% compared with January 2023 figures. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when exports increased by 72% against the previous month. As a result, the exports attained the peak of 285K tons. From July 2022 to February 2023, the growth of the exports remained at a lower figure.
In value terms, aluminum exports dropped markedly to $542M (IndexBox estimates) in February 2023. In general, exports, however, showed a slight decrease. The growth pace was the most rapid in December 2022 with an increase of 48% against the previous month.
Canada Aluminum Exports by Type
Aluminum (unwrought, not alloyed) (96K tons) and unwrought aluminium alloys (78K tons) were the main products of aluminum exports from Canada.
From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by aluminium (with a CAGR of +0.8%).
In value terms, aluminum (unwrought, not alloyed) ($284M) and unwrought aluminium alloys ($259M) were the most exported types of aluminum from Canada worldwide.
Aluminium, with a CAGR of -0.7%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review.
Canada Aluminum Exports by Country
The United States (161K tons) was the main destination for aluminum exports from Canada, with a 93% share of total exports. Moreover, aluminum exports to the United States exceeded the volume sent to the second major destination, the Netherlands (7K tons), more than tenfold.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (+58.5% per month) and Mexico (-4.0% per month).
In value terms, the United States ($509M) remains the key foreign market for aluminum exports from Canada, comprising 94% of total exports. The second position in the ranking was taken by Mexico ($17M), with a 3% share of total exports.
From February 2022 to February 2023, the average monthly growth rate of value to the United States amounted to -1.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-4.5% per month) and the Netherlands (+57.4% per month).
This report provides an in-depth analysis of the aluminum market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
