Asia: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2023

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

In 2021, the Asian market for aluminium alloy plates, sheets and strip of thickness over X mm was finally on the rise to reach $X after two years of decline. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.2% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm rose sharply to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, 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 Asia

In 2021, exports of aluminium alloy plates, sheets and strip of thickness over X mm in Asia surged to X tons, growing by 33% against the previous year. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm soared to $X in 2021. Overall, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the key exporter of aluminium alloy plates, sheets and strip of thickness over X mm, achieving 57% of total exports. South Korea (X tons) held the second position in the ranking, distantly followed by Turkey (X tons) and Thailand (X tons). All these countries together took near 26% share of total exports. Japan (X tons), Bahrain (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to aluminium alloy plate, sheet and strip of thickness over X mm exports from China stood at +15.6%. At the same time, Thailand (+52.9%), Oman (+30.8%), Bahrain (+17.5%), Turkey (+13.7%) and South Korea (+7.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +52.9% from 2012-2021. Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of China, Thailand and Oman increased by +13, +5.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier in Asia, comprising 55% of total exports. The second position in the ranking was held by South Korea ($X), with a 15% share of total exports. It was followed by Turkey, with a 6.8% share.

In China, exports of aluminium alloy plates, sheets and strip of thickness over X mm expanded at an average annual rate of +16.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+8.0% per year) and Turkey (+15.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 24% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Japan ($X per ton) and Turkey ($X per ton), while Bahrain ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+6.3%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2021, the amount of aluminium alloy plates, sheets and strip of thickness over X mm imported in Asia rose rapidly to X tons, picking up by 13% on 2020 figures. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 13%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm surged to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of aluminium alloy plates, sheets and strip of thickness over X mm, namely China, Vietnam and South Korea, represented more than third of total import. It was distantly followed by Turkey (X tons), Thailand (X tons), the United Arab Emirates (X tons), Malaysia (X tons) and India (X tons), together achieving a 33% share of total imports. Indonesia (X tons), Japan (X tons), Cambodia (X tons), Singapore (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm importing markets in Asia were China ($X), South Korea ($X) and Vietnam ($X), with a combined 40% share of total imports.

Vietnam, with a CAGR of +12.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while Indonesia ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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