World - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGlobal Aluminium Market: Russia Could Lose Export Earnings, Europe to See Higher Prices
IndexBox has just published a new report: 'World - Aluminum - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The global aluminium market will see significant changes this year. Due to sanction restrictions, many key importers may refuse purchases from Russia, which could result in global supply chain disruptions. Russia is the second-largest supplier in the global aluminium market, accounting for 11% of total supplies.
Approximately 78% of Russian aluminium exports are sent to ten countries, namely Turkey (20%), Japan (14%), China (10%), the Netherlands (9%), the U.S. (7%), Greece (5%), Chinese Taiwan (4%), Italy (3%), South Korea (3%), and Norway (3%). Financial and logistic sanctions posed on Russia amid its conflict with Ukraine could damage supply chains, leading to local metal shortages in European countries and the U.S. and higher aluminium prices. Russia may lose its share in global aluminium exports due to possible secondary sanctions on countries that will continue importing from the country. Competitors like Canada and India are also likely to attempt to drive out Russia from the market.
Russia's Aluminium Exports
In 2021, the amount of aluminum exported from Russia soared to 4M tons, rising by 50% compared with the previous year. In value terms, supplies skyrocketed to $7.9B.
Turkey (807K tons), Japan (542K tons) and China (410K tons) were the main destinations of aluminum exports from Russia, with a combined 44% share of total volume. In value terms, Turkey ($1.5B), Japan ($1.1B) and China ($720M) constituted the largest markets for aluminum exported from Russia worldwide, together comprising 42% of total supplies.
In terms of the main countries of destination, China saw the highest growth rate of the value of exports in 2021. Supplies to China rose more than threefold, while shipments for the other leaders experienced more modest paces of growth.
Global Aluminium Exports in 2020
The amount of aluminium exported worldwide stood at 24M tons in 2020, increasing by 2.3% on the year before. In value terms, supplies amounted to $44.7B.
The shipments of the eight major exporters of aluminium, namely Canada (2.9M tons), Russia (2.7M tons), India (2.1M tons), the United Arab Emirates (2.0M tons), the Netherlands (1.9M tons), Malaysia (1.5M tons), Australia (1.4M tons) and Norway (1.3M tons), represented more than half of total supplies. The following exporters - South Africa (594K tons), Germany (482K tons), Saudi Arabia (476K tons), Bahrain (469K tons) and the U.S. (424K tons) - each finished at a 10% share of total volume.
In value terms, Canada ($5.4B), Russia ($4.2B) and India ($3.9B) were the countries with the highest levels of exports in 2020, with a combined 30% share of global supplies. The Netherlands, the United Arab Emirates, Norway, Malaysia, Australia, South Africa, Saudi Arabia, Germany, Bahrain and the U.S. lagged somewhat behind, comprising a further 43%.
Leading Aluminium Importers
In 2020, the U.S. (3.5M tons), followed by the Netherlands (2.2M tons), Japan (2.1M tons), Germany (1.9M tons), Malaysia (1.6M tons), South Korea (1.4M tons), and Turkey (1.2M tons) represented the major importers of aluminium, together mixing up 57% of total purchases. Italy (1,058K tons), Poland (675K tons), Spain (657K tons), Taiwan (Chinese) (602K tons), Thailand (583K tons) and Mexico (512K tons) followed a long way behind the leaders.
In value terms, the U.S. ($7B), the Netherlands ($4.1B) and Germany ($3.8B) constituted the countries with the highest levels of imports in 2020, with a combined 32% share of global supplies.
Join Us at HANNOVER MESSE 2024
Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany
This report provides an in-depth analysis of the global aluminum market. 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:
- Russia
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
