Brazil: Aluminium Market Overview 2021

Aluminium Market Size in Brazil

In 2019, the Brazilian aluminium market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.

Aluminium Production in Brazil

In value terms, aluminium production reached $X in 2019 estimated in export prices. Overall, production saw a abrupt setback. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.

Aluminium Exports

Exports from Brazil

For the third year in a row, Brazil recorded decline in shipments abroad of aluminium, which decreased by -X% to X tonnes in 2019. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, aluminium exports dropped to $X in 2019. Overall, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Japan (X tonnes) was the main destination for aluminium exports from Brazil, accounting for a X% share of total exports. Moreover, aluminium exports to Japan exceeded the volume sent to the second major destination, Mexico (X tonnes), threefold. The third position in this ranking was occupied by Uruguay (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Uruguay (-X% per year).

In value terms, Japan ($X) remains the key foreign market for aluminium exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Uruguay (-X% per year).

Export Prices by Country

The average aluminium export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The pace of growth was the most pronounced in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2019, the highest prices were recorded for prices to Uruguay ($X per tonne) and Canada ($X per tonne), while the average price for exports to Japan ($X per tonne) and Mexico ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay, while the prices for the other major destinations experienced a decline.

Aluminium Imports

Imports into Brazil

In 2019, purchases abroad of aluminium increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to see gradual growth in the immediate term.

In value terms, aluminium imports fell to $X in 2019. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Russia (X tonnes), Argentina (X tonnes) and India (X tonnes) were the main suppliers of aluminium imports to Brazil, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Argentina ($X) and India ($X) appeared to be the largest aluminium suppliers to Brazil, with a combined X% share of total imports. These countries were followed by South Africa, China, Spain and Saudi Arabia, which together accounted for a further X terms of the main suppliers, China (+X% per year) saw the highest growth rate of 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 2019, the average aluminium import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Argentina ($X per tonne) and Saudi Arabia ($X per tonne), while the price for Spain ($X per tonne) and China ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium in the world?

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The country with the largest volume of aluminium consumption was China (36M tonnes), comprising approx. 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. The third position in this ranking was occupied by India (2.8M tonnes), with a 4.1% share.

What are the largest producers of aluminium in the world?

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China (36M tonnes) constituted the country with the largest volume of aluminium production, accounting for 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. The third position in this ranking was occupied by Russia (3.6M tonnes), with a 5.4% share.

What are the leading suppliers of aluminium to Brazil?

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In value terms, Russia ($257M), Argentina ($139M) and India ($119M) constituted the largest aluminium suppliers to Brazil, together accounting for 69% of total imports. South Africa, China, Spain and Saudi Arabia lagged somewhat behind, together comprising a further 21%.

What are the leading importers of aluminium from Brazil?

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In value terms, Japan ($159M) remains the key foreign market for aluminium exports from Brazil, comprising 69% of total exports. The second position in the ranking was occupied by Mexico ($55M), with a 24% share of total exports. It was followed by Uruguay, with a 2.8% share.

What is the average export price for aluminium in Brazil?

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The average aluminium export price stood at $2,302 per tonne in 2019, surging by 7.8% against the previous year.

What is the average import price for aluminium in Brazil?

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In 2019, the average aluminium import price amounted to $2,012 per tonne, falling by -15.2% against the previous year.