Australia - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminum Price in Australia - 2023
Contents:
- Aluminum Price in Australia (FOB) - 2023
- Aluminum Price in Australia (CIF) - 2023
- Aluminum Exports in Australia
- Aluminum Imports in Australia
Aluminum Price in Australia (FOB) - 2023
In July 2023, the average aluminum export price amounted to $2,243 per ton, shrinking by -2.2% against the previous month. Overall, the export price saw a slight descent. The most prominent rate of growth was recorded in December 2022 an increase of 2% month-to-month. Over the period under review, the average export prices attained the maximum at $2,670 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In July 2023, the countries with the highest prices were Taiwan (Chinese) ($2,292 per ton) and Japan ($2,283 per ton), while the average price for exports to Malaysia ($2,086 per ton) and Spain ($2,118 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (0.0%), while the prices for the other major destinations experienced a decline.
Aluminum Price in Australia (CIF) - 2023
In July 2023, the average aluminum import price amounted to $2,591 per ton, declining by -4.7% against the previous month. In general, the import price continues to indicate a mild curtailment. The pace of growth was the most pronounced in November 2022 when the average import price increased by 6.7% against the previous month. The import price peaked at $3,049 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Bahrain ($2,744 per ton) and Qatar ($2,673 per ton), while the price for Japan ($2,322 per ton) and Malaysia ($2,339 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.6%), while the prices for the other major suppliers experienced a decline.
Aluminum Exports in Australia
For the third year in a row, Australia recorded decline in overseas shipments of aluminum, which decreased by -0.7% to 1.4M tons in 2022. In general, exports recorded a mild decrease.
In value terms, aluminum exports expanded sharply to $3.9B in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Aluminum in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 825 | 539 | 996 | 998 | 6.6% |
| South Korea | 631 | 894 | 472 | 874 | 11.5% |
| United States | 422 | 119 | 287 | 420 | -0.2% |
| Thailand | 207 | 178 | 396 | 328 | 16.6% |
| Taiwan (Chinese) | 207 | 270 | 447 | 307 | 14.0% |
| Vietnam | 172 | 189 | 312 | 262 | 15.1% |
| Malaysia | 55.2 | 93.9 | 41.0 | 176 | 47.2% |
| Indonesia | 64.7 | 62.6 | 121 | 103 | 16.8% |
| Others | 136 | 130 | 477 | 433 | 47.1% |
| Total | 2,719 | 2,475 | 3,548 | 3,900 | 12.8% |
Top Export Markets for Aluminum from Australia in 2022:
- Japan (354.7K tons)
- South Korea (316.9K tons)
- United States (136.0K tons)
- Thailand (113.6K tons)
- Taiwan (Chinese) (107.6K tons)
- Vietnam (92.1K tons)
- Malaysia (68.2K tons)
- Indonesia (35.8K tons)
Aluminum Imports in Australia
In 2022, after three years of growth, there was decline in overseas purchases of aluminum, when their volume decreased by -0.8% to 76K tons. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of 76K tons, leveling off in the following year.
In value terms, aluminum imports rose remarkably to $227M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 92%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Aluminum in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 46.4 | 46.4 | 91.3 | 87.8 | 23.7% |
| Bahrain | 22.6 | 23.5 | 34.3 | 64.6 | 41.9% |
| India | 12.3 | 14.7 | 30.4 | 44.8 | 53.9% |
| China | 12.3 | 6.3 | 8.3 | 9.8 | -7.3% |
| United States | 1.3 | 1.5 | 2.6 | 4.7 | 53.5% |
| Japan | 3.1 | 2.3 | 4.9 | 3.8 | 7.0% |
| Malaysia | 6.1 | 6.8 | 9.3 | 3.4 | -17.7% |
| Others | 4.3 | 3.3 | 19.8 | 7.8 | 22.0% |
| Total | 108 | 105 | 201 | 227 | 28.1% |
Top Suppliers of Aluminum to Australia in 2022:
- Qatar (27.8K tons)
- Bahrain (20.7K tons)
- India (17.5K tons)
- China (3.3K tons)
- United States (1.7K tons)
- Japan (1.4K tons)
- Malaysia (1.3K tons)
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
-
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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This report provides an in-depth analysis of the aluminum market in Australia.
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This report provides an in-depth analysis of the aluminium market in Australia.
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This report provides an in-depth analysis of the unwrought aluminium alloys market in Australia.
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This report provides an in-depth analysis of the aluminium and titanium market in Australia.
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This report provides an in-depth analysis of the global aluminum market.
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This report provides an in-depth analysis of the global aluminium market.
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This report provides an in-depth analysis of the global unwrought aluminium alloys market.
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This report provides an in-depth analysis of the global aluminium and titanium market.
980
This report provides an in-depth analysis of the aluminum market in Australia.
654
This report provides an in-depth analysis of the aluminium market in Australia.
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Aluminum exports saw a notable surge of 69% in growth in May 2023 compared to the previous month, reaching a value of $295M in December 2023.
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In May 2023, the Aluminum price remained unchanged at $2,378 per ton (FOB, Australia) compared to the previous month.
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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.
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Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
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681
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944
In value terms, aluminum containers for compressed and liquefied gas imports amounted to $X in 2016. Overall, it indicated a tangible increase from 2007 to 2016: the total imports value decreased a...
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In value terms, aluminium casks, drums, cans, boxes imports stood at $X in 2016. In general, aluminium casks, drums, cans, boxes imports continue to indicate a relatively flat trend pattern. Global...
