U.S. - Aluminum (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminium Price in the United States - 2023
Contents:
- Aluminium Price in the United States (CIF) - 2023
- Aluminium Price in the United States (FOB) - 2023
- Aluminium Imports in the United States
- Aluminium Exports in the United States
Aluminium Price in the United States (CIF) - 2023
The average aluminium import price stood at $2,545 per ton in September 2023, standing approximately at the previous month. Overall, the import price, however, saw a slight reduction. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 5.6% m-o-m. The import price peaked at $2,953 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Canada ($2,551 per ton) and Argentina ($2,550 per ton), while the price for South Africa ($2,489 per ton) and the United Arab Emirates ($2,496 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Africa (-0.3%), while the prices for the other major suppliers experienced a decline.
Aluminium Price in the United States (FOB) - 2023
In September 2023, the average aluminium export price amounted to $2,039 per ton, reducing by -8.7% against the previous month. Over the period under review, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in January 2023 an increase of 18% m-o-m. Over the period under review, the average export prices hit record highs at $3,073 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($2,939 per ton), while the average price for exports to Malaysia ($677 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (0.0%), while the prices for the other major destinations experienced a decline.
Aluminium Imports in the United States
In 2022, the amount of aluminum (unwrought, not alloyed) imported into the United States skyrocketed to 2.1M tons, growing by 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium imports soared to $6.9B in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Aluminium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,546 | 2,742 | 4,025 | 4,882 | 24.2% |
| Australia | 503 | 131 | 253 | 596 | 5.8% |
| United Arab Emirates | 243 | 192 | 190 | 345 | 12.4% |
| Argentina | 209 | 187 | 156 | 302 | 13.1% |
| South Africa | 192 | 96.8 | 325 | 272 | 12.3% |
| Bahrain | 1.4 | 0.1 | 124 | 227 | 445.3% |
| India | 96.5 | 91.1 | 20.4 | 159 | 18.1% |
| Russia | 144 | 44.3 | 62.2 | 87.7 | -15.2% |
| Others | 45.0 | 44.6 | 46.6 | 68.8 | 15.2% |
| Total | 3,981 | 3,530 | 5,202 | 6,941 | 20.4% |
Top Suppliers of Aluminium to the United States in 2022:
- Canada (1482.0K tons)
- Australia (182.2K tons)
- United Arab Emirates (124.8K tons)
- South Africa (92.7K tons)
- Argentina (89.6K tons)
- Bahrain (72.0K tons)
- India (48.8K tons)
- Russia (31.1K tons)
Aluminium Exports in the United States
In 2022, exports of aluminum (unwrought, not alloyed) from the United States surged to 62K tons, growing by 57% against 2021 figures. In general, total exports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.3% against 2020 indices.
In value terms, aluminium exports skyrocketed to $181M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aluminium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 104 | 101 | 76.0 | 122 | 5.5% |
| Canada | 11.7 | 16.3 | 21.4 | 35.1 | 44.2% |
| Malaysia | 1.9 | 2.9 | 0.1 | 14.0 | 94.6% |
| Australia | 1.8 | 1.9 | 2.2 | 3.7 | 27.1% |
| Others | 7.2 | 4.8 | 6.5 | 6.3 | -4.4% |
| Total | 127 | 127 | 106 | 181 | 12.5% |
Top Export Markets for Aluminium from the United States in 2022:
- Mexico (37.5K tons)
- Canada (11.1K tons)
- Malaysia (10.1K tons)
- Australia (1.0K tons)
This report provides an in-depth analysis of the aluminium market in the U.S.. 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)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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
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In September 2022, the aluminum price per ton stood at $3.1K (CIF, US), approximately reflecting the previous month.
570
In June 2022, the aluminum price per ton amounted to $3,787 per ton, waning by -3.4% against the previous month.
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The aluminum price per ton stood at $3,895 (CIF, US) in Apr 2022, growing by 6% against the previous month.
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The global aluminium industry relies heavily on import and export markets to meet the growing demand for this versatile metal. Aluminium is used in various industries, including construction, automotive, packaging, and aerospace, making it one of the most sought-after commodities worldwide. In this article, we will explore the world's best import markets for aluminium, providing key statistics and insights.
1925
In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
859
In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
1905
The global trade in unwrought aluminum amounted to X million USD in 2015, showing strong fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports decreased again. Overall
3013
Despite a drop in exports in 2014, Canada continued to dominate in the global unwrought, not alloyed aluminium trade. Canada exported X thousand tons of unwrought, not alloyed aluminium in 2014, totaling X million USD, X% under the previous
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Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
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Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, 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.
