Asia-Pacific: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Asia-Pacific

The Asia-Pacific unwrought aluminium alloys market expanded slightly to $X in 2020, picking up by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Unwrought Aluminium Alloys Production in Asia-Pacific

In value terms, unwrought aluminium alloys production totaled $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2019 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Asia-Pacific

The country with the largest volume of unwrought aluminium alloys production was China (X tons), accounting for X% of total volume. Moreover, unwrought aluminium alloys production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

In China, unwrought aluminium alloys production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and South Korea (+X% per year).

Unwrought Aluminium Alloys Exports

Exports in Asia-Pacific

In 2020, exports of unwrought aluminium alloys in Asia-Pacific expanded notably to X tons, picking up by X% on the previous year's figure. Total exports indicated moderate growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, unwrought aluminium alloys exports shrank slightly to $X in 2020. Total exports indicated slight growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Malaysia (X tons), distantly followed by South Korea (X tons), India (X tons), Vietnam (X tons), China (X tons), Australia (X tons) and Indonesia (X tons) represented the largest exporters of unwrought aluminium alloys, together mixing up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam, while exports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), South Korea ($X) and India ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports. Vietnam, China, Australia and Indonesia lagged somewhat behind, together comprising a further X terms of the main exporting countries, Vietnam saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The unwrought aluminium alloys export price in Asia-Pacific stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. The level of export peaked at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Australia ($X per ton) and Vietnam ($X per ton), while Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Unwrought Aluminium Alloys Imports

Imports in Asia-Pacific

In 2020, approx. X tons of unwrought aluminium alloys were imported in Asia-Pacific; with an increase of X% against the previous year's figure. Total imports indicated tangible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The volume of import peaked in 2020 and is likely to see gradual growth in years to come.

In value terms, unwrought aluminium alloys imports contracted modestly to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tons) and Japan (X tons) were the key importers of unwrought aluminium alloys in 2020, amounting to approx. X% and X% of total imports, respectively. South Korea (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Thailand (X%) and Vietnam (X%). The following importers - Indonesia (X tons) and India (X tons) - each amounted to an X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought aluminium alloys importing markets in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports.

Among the main importing countries, China saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the unwrought aluminium alloys import price in Asia-Pacific amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. Over the period under review, import prices reached the maximum at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Vietnam ($X per ton) and India ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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