ASEAN: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in ASEAN

In 2023, after two years of growth, there was decline in the ASEAN market for aluminium alloy plates, sheets and strip of thickness over X mm, when its value decreased by X% to $X. The total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in ASEAN

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm totaled $X in 2023 estimated in export price. The total production indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2023, production of growth remained at a somewhat lower figure.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports in ASEAN

In 2023, overseas shipments of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons, falling for the second consecutive year after seven years of growth. In general, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm shrank significantly to $X in 2023. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell markedly in the following year.

Exports by Country

Thailand prevails in mm structure, resulting at X tons, which was approx. X% of total exports in 2023. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Singapore (X%). Indonesia (X tons) took a relatively small share of total exports.

Thailand was also the fastest-growing in terms of the aluminium alloy plates, sheets and strip of thickness over X mm exports, with a CAGR of X% from 2012 to 2023. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Thailand ($X) remains the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in ASEAN

In 2023, after two years of growth, there was significant decline in supplies from abroad of aluminium alloy plates, sheets and strip of thickness over X mm, when their volume decreased by X% to X tons. Total imports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced remarkably in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm shrank rapidly to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped sharply in the following year.

Imports by Country

Vietnam represented the major importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Thailand (X tons), Indonesia (X tons), Malaysia (X tons) and Cambodia (X tons), together mixing up a X% share of total imports. Singapore (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to aluminium alloy plate, sheet and strip of thickness over X mm imports into Vietnam stood at X%. At the same time, Myanmar (X%), Cambodia (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, Cambodia and Myanmar increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported aluminium alloy plates, sheets and strip of thickness over X mm in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Vietnam stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Malaysia ($X per ton) and Vietnam ($X per ton), while Myanmar ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform