World - Aluminum - Market Analysis, Forecast, Size, Trends And Insights
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World - Aluminum - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Dec 2, 2021

Aluminum Prices Spike Up 62% and Will Continue Rallying in 2022

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.

Throughout this year, global aluminum prices continuously grew and gained 62% in October 2021 compared to the same period of 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. Consequently, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world'´s largest aluminum importer, expanded its purchases by 4.5% against 2020.

Key Trends and Insights

According to the World Bank data, the average aluminum price grew from $2004 per tonne in January 2021 to $2934 per tonne in October 2021, a 62% increase from the previous October ($1806 per tonne). Next year, aluminum prices are forecast to rise by 6% y-o-y because of a high demand from the automotive industry, increased prices of energy resources and a supply shortage arising from China diminishing production to decrease СО2 emissions.

As China limits the output, it must expand imports. From January through July 2021, China purchased 1.5M tonnes of aluminum from abroad which was 52% more than the same period in 2020. In monetary terms, throughout seven months, imports surpassed $3.3B, over twice the amount during the same period in 2020 ($1.6B). In November 2021, an explosion occurred at an aluminum factory in Yunnan province. This caused a complete stop in production for the 300K-ton-capacity factory and further exacerbated the supply shortage on the market.

The U.S. is the world's largest importer of aluminum, and it also increased purchases this year. From January through September 2021, the U.S. imported 2.9M tonnes of the metal, a 4.5% gain in volume of shipments from the same period in 2020. In monetary terms, imports grew by 47%, reaching $7.8B.

Aluminum Exports by Country

Last year, aluminum exports worldwide reached 24M tonnes, flattening from the previous year. The total export volume increased at an average annual rate of +1.5% over the past decade. In value terms, aluminum exports declined from $47.9B in 2019 to $44.7B (IndexBox estimates) in 2020.

The most significant shipments were from Canada (2.9M tonnes), Russia (2.7M tonnes), the United Arab Emirates (2.2M tonnes), India (2.1M tonnes), Malaysia (1.5M tonnes), Australia (1.4M tonnes), Norway (1.1M tonnes), Bahrain (0.8M tonnes), the Netherlands (0.7M tonnes), South Africa (0.6M tonnes), China (0.6M tonnes) and Mozambique (0.5M tonnes), together accounting for 70% of total export. Germany (488K tonnes) followed a long way behind the leaders.

In value terms, Canada ($5.5B), the United Arab Emirates ($4.3B) and Russia ($4.2B) constituted the countries with the highest levels of exports in 2020, together accounting for 31% of global exports. These countries were followed by India, Malaysia, Norway, Australia, Bahrain, the Netherlands, China, South Africa, Germany and Mozambique, which together accounted for a further 41%.

In 2020, the average aluminum export price amounted to $1,847 per tonne, shrinking by -7.5% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Norway ($2,367 per tonne), while Russia ($1,568 per tonne) was amongst the lowest.

Source: IndexBox Platform

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 2025.


Product coverage:
• Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
• Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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