Brazil - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Brazil - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights

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Aluminum Price in Brazil - 2023

Contents:

  1. Aluminum Price in Brazil (CIF) - 2023
  2. Aluminum Price in Brazil (FOB) - 2023
  3. Aluminum Imports in Brazil
  4. Aluminum Exports in Brazil

Aluminum Price in Brazil (CIF) - 2023

The average aluminum import price stood at $2,540 per ton in July 2023, reducing by -4.7% against the previous month. In general, the import price showed a mild curtailment. The pace of growth was the most pronounced in February 2023 an increase of 5.3% month-to-month. Over the period under review, average import prices attained the maximum at $3,164 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Bahrain ($2,816 per ton) and India ($2,621 per ton), while the price for Russia ($2,129 per ton) and Venezuela ($2,378 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 Saudi Arabia (+1.4%), while the prices for the other major suppliers experienced a decline.

Aluminum Price in Brazil (FOB) - 2023

In July 2023, the average aluminum export price amounted to $2,121 per ton, dropping by -4.9% against the previous month. Over the period under review, the export price showed a slight decrease. The pace of growth appeared the most rapid in February 2023 an increase of 4.5% m-o-m. The export price peaked at $2,707 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In July 2023, the country with the highest price was Japan ($2,119 per ton), while the average price for exports to Italy stood at $2,093 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-1.2%), while the prices for the other major destinations experienced a decline.

Aluminum Imports in Brazil

In 2022, approx. 307K tons of aluminum were imported into Brazil; waning by -51.2% on the year before. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 92%. As a result, imports reached the peak of 629K tons, and then dropped sharply in the following year.

In value terms, aluminum imports declined sharply to $975M in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 159% against the previous year. As a result, imports reached the peak of $1.6B, and then reduced sharply in the following year.

Import of Aluminum in Brazil (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India11999.324522122.9%
Argentina13910293.6115-6.1%
Saudi Arabia21.216.719110872.1%
Australia11.832.285.9106107.9%
South Africa80.346.629991.24.3%
Bahrain0.419.311882.8491.5%
Venezuela2.915.515.876.2197.3%
United Arab Emirates3.93.336.753.7139.7%
Russia25417115020.1-57.1%
Saint Lucia21.216.7191N/A200.2%
Others128110211101-7.6%
Total7826321,6389757.6%

Top Suppliers of Aluminum to Brazil in 2022:

  1. India (66.0K tons)
  2. Argentina (36.9K tons)
  3. Saudi Arabia (36.4K tons)
  4. Australia (33.4K tons)
  5. South Africa (28.4K tons)
  6. Venezuela (27.2K tons)
  7. Bahrain (24.5K tons)
  8. United Arab Emirates (16.9K tons)
  9. Russia (7.0K tons)

Aluminum Exports in Brazil

In 2022, the amount of aluminum exported from Brazil amounted to 227K tons, remaining relatively unchanged against the previous year's figure. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.2% 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 increased by +69.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, aluminum exports soared to $645M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Aluminum in Brazil (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan16218634937432.2%
United States1.3N/A32.7115345.6%
Spain0.8N/A14.150.0296.9%
ColombiaN/A2.14.127.1259.2%
SwitzerlandN/A4.363.614.885.5%
Uruguay6.77.29.913.426.0%
Argentina0.21.33.611.6287.1%
NetherlandsN/A32.813.25.4-59.4%
Mexico56.428.739.72.5-64.6%
Others8.48.314.631.254.9%
Total23627054464539.8%

Top Export Markets for Aluminum from Brazil in 2022:

  1. Japan (144.6K tons)
  2. United States (31.7K tons)
  3. Spain (14.5K tons)
  4. Colombia (9.7K tons)
  5. Switzerland (5.4K tons)
  6. Uruguay (4.3K tons)
  7. Argentina (4.2K tons)
  8. Netherlands (1.7K tons)
  9. Mexico (0.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminum market in Brazil. 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:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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