China - 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 PricingAluminum Price in China - 2023
Contents:
- Aluminum Price in China (CIF) - 2023
- Aluminum Price in China (FOB) - 2023
- Aluminum Imports in China
- Aluminum Exports in China
Aluminum Price in China (CIF) - 2023
In June 2023, the average aluminum import price amounted to $2,223 per ton, which is down by -1.6% against the previous month. Over the period under review, the import price saw a mild curtailment. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 2.5% against the previous month. The import price peaked at $2,633 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were India ($2,417 per ton) and Russia ($2,262 per ton), while the price for Thailand ($1,998 per ton) and Bahrain ($2,088 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (-0.8%), while the prices for the other major suppliers experienced a decline.
Aluminum Price in China (FOB) - 2023
The average aluminum export price stood at $2,447 per ton in June 2023, declining by -5.5% against the previous month. Overall, the export price saw a noticeable slump. The most prominent rate of growth was recorded in October 2022 an increase of 12% m-o-m. Over the period under review, the average export prices reached the maximum at $3,236 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In June 2023, the highest price was recorded for prices to the Netherlands ($3,187 per ton) and Mexico ($2,963 per ton), while the average price for exports to South Korea ($2,263 per ton) and Thailand ($2,409 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.9%), while the prices for the other major destinations experienced a decline.
Aluminum Imports in China
In 2022, purchases abroad of aluminum decreased by -18.3% to 2.2M tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 694% against the previous year.
In value terms, aluminum imports reduced dramatically to $5.6B in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 645% against the previous year.
| Import of Aluminum in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 56.8 | 740 | 777 | 2,099 | 233.1% |
| Malaysia | 135 | 656 | 796 | 988 | 94.2% |
| India | 24.9 | 638 | 2,506 | 400 | 152.3% |
| South Korea | 29.6 | 292 | 329 | 305 | 117.6% |
| Thailand | 7.1 | 112 | 167 | 245 | 225.6% |
| Vietnam | 39.3 | 152 | 171 | 218 | 77.0% |
| Iran | 3.6 | 18.6 | 47.3 | 144 | 242.0% |
| United Arab Emirates | 27.8 | 206 | 366 | 112 | 59.1% |
| Pakistan | 1.2 | 17.5 | 85.4 | 89.7 | 321.2% |
| Indonesia | 4.4 | 172 | 173 | 81.9 | 165.0% |
| Nigeria | 2.2 | 26.2 | 66.2 | 81.4 | 233.2% |
| Others | 179 | 778 | 1,166 | 832 | 66.9% |
| Total | 511 | 3,808 | 6,648 | 5,595 | 122.1% |
Top Suppliers of Aluminum to China in 2022:
- Russia (795.4K tons)
- Malaysia (409.5K tons)
- India (156.4K tons)
- South Korea (122.7K tons)
- Thailand (108.7K tons)
- Vietnam (97.1K tons)
- Iran (61.8K tons)
- United Arab Emirates (40.6K tons)
- Pakistan (36.5K tons)
- Nigeria (35.3K tons)
- Indonesia (34.8K tons)
Aluminum Exports in China
After two years of decline, shipments abroad of aluminum increased by 199% to 472K tons in 2022. In general, exports, however, showed a abrupt descent.
In value terms, aluminum exports skyrocketed to $1.3B in 2022. Overall, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminum in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 580 | 239 | 227 | 335 | -16.7% |
| Netherlands | 6.5 | 4.6 | 10.3 | 208 | 217.5% |
| South Korea | 51.5 | 11.8 | 8.4 | 178 | 51.2% |
| United States | 35.1 | 1.2 | 3.2 | 58.8 | 18.8% |
| Vietnam | 52.0 | 20.3 | 11.7 | 29.1 | -17.6% |
| Thailand | 49.8 | 10.7 | 11.3 | 25.3 | -20.2% |
| Malaysia | 75.0 | 11.2 | 9.6 | 14.9 | -41.6% |
| Hong Kong SAR | 128 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 51.6 | N/A | N/A | N/A | 0% |
| Others | 71.0 | 121 | 135 | 464 | 87.0% |
| Total | 1,101 | 419 | 417 | 1,313 | 6.0% |
Top Export Markets for Aluminum from China in 2022:
- Netherlands (167.5K tons)
- Japan (117.2K tons)
- South Korea (65.3K tons)
- United States (19.0K tons)
- Vietnam (12.2K tons)
- Thailand (5.2K tons)
- Malaysia (4.6K tons)
This report provides an in-depth analysis of the aluminum market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
1331
This report provides an in-depth analysis of the aluminum market in China.
646
This report provides an in-depth analysis of the aluminium market in China.
328
This report provides an in-depth analysis of the unwrought aluminium alloys market in China.
99
This report provides an in-depth analysis of the aluminium and titanium market in China.
6963
This report provides an in-depth analysis of the global aluminum market.
1444
This report provides an in-depth analysis of the global aluminium market.
1279
This report provides an in-depth analysis of the global unwrought aluminium alloys market.
95
This report provides an in-depth analysis of the global aluminium and titanium market.
1331
This report provides an in-depth analysis of the aluminum market in China.
646
This report provides an in-depth analysis of the aluminium market in China.
569
Last year, China’s aluminum imports skyrocketed from $511M to $3.8B. Malaysia, Russia and India became the largest aluminum suppliers, with a combined 52%-share of China’s imports. Over the last year, the imports from Russia rose thirteen times, while the purchases from Malaysia increased nearly fivefold. India emerged as the third top supplier, moving from the seventh place it held in the previous year. In 2020, the average aluminum import price dropped by -6.2% y-o-y to $1,659 per ton.
389
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.
1246
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.
655
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.
752
In value terms, aluminum articles imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern in...
588
In value terms, aluminum table, kitchen and other household articles imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to...
664
In value terms, aluminium stranded wire, cables, plaited bands imports stood at $X in 2016. Overall, aluminium stranded wire, cables, plaited bands imports continue to indicate a relatively flat tren...
920
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...
979
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...
915
In value terms, aluminum reservoirs, tanks and vats imports stood at $X in 2016. Overall, aluminum reservoirs, tanks and vats imports continue to indicate a slight slump. Over the period under revi...
