U.S. - Unwrought Aluminium Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnwrought Aluminium Alloys Price in the United States - 2023
Contents:
- Unwrought Aluminium Alloys Price in the United States (CIF) - 2023
- Unwrought Aluminium Alloys Price in the United States (FOB) - 2022
- Unwrought Aluminium Alloys Imports in the United States
- Unwrought Aluminium Alloys Exports in the United States
Unwrought Aluminium Alloys Price in the United States (CIF) - 2023
In July 2023, the average unwrought aluminium alloys import price amounted to $2,937 per ton, waning by -3.1% against the previous month. Over the period under review, the import price saw a slight curtailment. The most prominent rate of growth was recorded in February 2023 an increase of 5.5% month-to-month. Over the period under review, average import prices attained the peak figure at $3,656 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Canada ($2,991 per ton) and Qatar ($2,867 per ton), while the price for Mexico ($2,514 per ton) and South Korea ($2,605 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 Mexico (-1.3%), while the prices for the other major suppliers experienced a decline.
Unwrought Aluminium Alloys Price in the United States (FOB) - 2022
The average unwrought aluminium alloys export price stood at $3,419 per ton in 2022, with an increase of 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2021 when the average export price increased by 37%. The export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($3,695 per ton), while the average price for exports to Malaysia ($1,858 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Unwrought Aluminium Alloys Imports in the United States
In 2022, the amount of unwrought aluminium alloys imported into the United States stood at 2.3M tons, growing by 3.8% on the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35% 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 surged to $8B in 2022. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 88%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Unwrought Aluminium Alloys in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,145 | 1,709 | 3,590 | 4,913 | 31.8% |
| Bahrain | 336 | 172 | 407 | 804 | 33.8% |
| Russia | 326 | 181 | 428 | 562 | 19.9% |
| Qatar | 436 | 150 | 237 | 438 | 0.2% |
| India | 290 | 71.5 | 129 | 367 | 8.2% |
| Argentina | 204 | 106 | 161 | 325 | 16.8% |
| United Arab Emirates | 892 | 647 | 971 | N/A | 4.3% |
| Others | 344 | 232 | 234 | 596 | 20.1% |
| Total | 4,974 | 3,269 | 6,157 | 8,006 | 17.2% |
Top Suppliers of Unwrought Aluminium Alloys to the United States in 2022:
- Canada (1326.3K tons)
- Bahrain (241.8K tons)
- Russia (194.2K tons)
- Qatar (137.4K tons)
- India (112.2K tons)
- Argentina (86.2K tons)
Unwrought Aluminium Alloys Exports in the United States
Unwrought aluminium alloys exports from the United States soared to 482K tons in 2022, increasing by 16% against the previous year. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, unwrought aluminium alloys exports soared to $1.6B in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 58%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Unwrought Aluminium Alloys in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 600 | 476 | 798 | 1,129 | 23.5% |
| Canada | 245 | 186 | 284 | 348 | 12.4% |
| Malaysia | 3.1 | 7.3 | 6.3 | 78.4 | 193.5% |
| Others | 75.5 | 58.5 | 64.3 | 92.0 | 6.8% |
| Total | 924 | 728 | 1,152 | 1,647 | 21.2% |
Top Export Markets for Unwrought Aluminium Alloys from the United States in 2022:
- Mexico (323.5K tons)
- Canada (94.1K tons)
- Malaysia (42.2K tons)
This report provides an in-depth analysis of the unwrought aluminium alloys 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 2025.
Product coverage:
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium 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
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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.
571
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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Explore the top import markets for unwrought aluminium alloys in 2023. Find out which countries lead the way in importing this essential material for various industries.
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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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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...
