China - Unwrought Aluminium Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnwrought Aluminium Alloys Price in China - 2023
Contents:
- Unwrought Aluminium Alloys Price in China (CIF) - 2023
- Unwrought Aluminium Alloys Price in China (FOB) - 2023
- Unwrought Aluminium Alloys Imports in China
- Unwrought Aluminium Alloys Exports in China
Unwrought Aluminium Alloys Price in China (CIF) - 2023
In June 2023, the average unwrought aluminium alloys import price amounted to $2,171 per ton, approximately reflecting the previous month. Over the period under review, the import price continues to indicate a mild contraction. The growth pace was the most rapid in March 2023 when the average import price increased by 3.8% m-o-m. The import price peaked at $2,542 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United Arab Emirates ($3,038 per ton), while the price for the Philippines ($1,901 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.0%), while the prices for the other major suppliers experienced a decline.
Unwrought Aluminium Alloys Price in China (FOB) - 2023
The average unwrought aluminium alloys export price stood at $2,672 per ton in June 2023, remaining relatively unchanged against the previous month. In general, the export price, however, showed a slight curtailment. The growth pace was the most rapid in October 2022 an increase of 11% against the previous month. The export price peaked at $3,269 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas 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 Australia ($2,365 per ton) and Japan ($2,429 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 Japan (-1.8%), while the prices for the other major destinations experienced a decline.
Unwrought Aluminium Alloys Imports in China
In 2022, the amount of unwrought aluminium alloys imported into China soared to 1.4M tons, with an increase of 24% on 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 476% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, unwrought aluminium alloys imports skyrocketed to $3.8B in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 421% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Unwrought Aluminium Alloys in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 135 | 530 | 706 | 1,152 | 104.3% |
| South Korea | 29.5 | 289 | 327 | 414 | 141.2% |
| India | 7.4 | 96.8 | 259 | 336 | 256.8% |
| Thailand | 7.1 | 110 | 167 | 305 | 250.2% |
| Vietnam | 39.3 | 150 | 170 | 250 | 85.3% |
| Russia | 14.9 | 72.8 | 75.0 | 181 | 129.9% |
| Nigeria | 2.0 | 26.0 | 66.0 | 112 | 282.6% |
| Hong Kong SAR | 0.2 | 6.7 | 29.6 | 111 | 721.8% |
| Pakistan | 1.2 | 17.3 | 85.2 | 109 | 349.5% |
| Indonesia | 4.4 | 106 | 66.8 | 97.4 | 180.8% |
| Taiwan (Chinese) | 31.4 | 54.5 | 52.8 | 57.0 | 22.0% |
| United Arab Emirates | 27.0 | 45.2 | 83.5 | N/A | 75.9% |
| Others | 60.7 | 371 | 486 | 638 | 119.1% |
| Total | 360 | 1,875 | 2,574 | 3,762 | 118.6% |
Top Suppliers of Unwrought Aluminium Alloys to China in 2022:
- Malaysia (433.0K tons)
- South Korea (151.8K tons)
- Thailand (123.7K tons)
- India (123.3K tons)
- Vietnam (101.2K tons)
- Russia (70.9K tons)
- Nigeria (44.5K tons)
- Hong Kong SAR (40.9K tons)
- Pakistan (39.7K tons)
- Indonesia (37.3K tons)
- Taiwan (Chinese) (22.0K tons)
Unwrought Aluminium Alloys Exports in China
After two years of decline, overseas shipments of unwrought aluminium alloys increased by 41% to 213K tons in 2022. In general, exports, however, saw a significant curtailment.
In value terms, unwrought aluminium alloys exports soared to $687M in 2022. Overall, exports, however, showed a deep slump.
| Export of Unwrought Aluminium Alloys in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 542 | 226 | 204 | 290 | -18.8% |
| Hong Kong SAR | 128 | 52.4 | 63.8 | 146 | 4.5% |
| South Korea | 22.4 | 7.7 | 7.9 | 73.5 | 48.6% |
| Taiwan (Chinese) | 51.5 | 19.3 | 19.3 | 38.8 | -9.0% |
| Thailand | 48.7 | 10.5 | 11.3 | 18.3 | -27.8% |
| Vietnam | 51.4 | 18.5 | 11.6 | 17.0 | -30.8% |
| Malaysia | 7.0 | 11.1 | 9.4 | 16.9 | 34.2% |
| United States | 35.1 | 1.1 | 3.2 | 2.2 | -60.3% |
| Others | 72.4 | 53.7 | 62.3 | 83.7 | 5.0% |
| Total | 958 | 400 | 393 | 687 | -10.5% |
Top Export Markets for Unwrought Aluminium Alloys from China in 2022:
- Japan (98.4K tons)
- Hong Kong SAR (44.0K tons)
- South Korea (22.3K tons)
- Taiwan (Chinese) (11.4K tons)
- Thailand (5.8K tons)
- Vietnam (5.5K tons)
- Malaysia (4.8K tons)
- United States (0.4K tons)
This report provides an in-depth analysis of the unwrought aluminium alloys 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 2025.
Product coverage:
- 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.
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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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