Chile: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in Chile

The Chilean aluminium bar market fell to $X in 2019, which is down by -X% against the previous year. Overall, consumption recorded a noticeable contraction. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Aluminium Bar Production in Chile

In value terms, aluminium bar production dropped to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a abrupt slump. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Aluminium bar production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Aluminium Bar Exports

Exports from Chile

In 2019, shipments abroad of aluminium bars, rods and profiles increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, aluminium bar exports stood at $X in 2019. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tonnes), Peru (X tonnes) and Colombia (X tonnes) were the main destinations of aluminium bar exports from Chile, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in the United Arab Emirates (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the key foreign market for aluminium bar exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Peru amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Colombia (+X% per year).

Export Prices by Country

In 2019, the average aluminium bar export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2009; however, from 2010 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Colombia ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay, while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Bar Imports

Imports into Chile

In 2019, the amount of aluminium bars, rods and profiles imported into Chile declined dramatically to X tonnes, dropping by -X% on 2018. Over the period under review, imports, however, recorded a pronounced expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, aluminium bar imports contracted significantly to $X in 2019. Overall, total imports indicated a perceptible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-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 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) was the main aluminium bar supplier to Chile, accounting for a X% share of total imports. It was followed by Spain (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Brazil (-X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium bar to Chile, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Brazil (-X% per year).

Import Prices by Country

In 2019, the average aluminium bar import price amounted to $X per tonne, leveling off at the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Spain ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, 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 bars, rods and profiles in the world?

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The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), with a combined 49% share of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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China (6.1M tonnes) remains the largest aluminium bar producing country worldwide, comprising approx. 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. The third position in this ranking was occupied by Brazil (1.2M tonnes), with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to Chile?

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In value terms, China ($40M) constituted the largest supplier of aluminium bar to Chile, comprising 80% of total imports. The second position in the ranking was occupied by Spain ($2.3M), with a 4.7% share of total imports.

What are the leading importers of aluminium bars, rods and profiles from Chile?

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In value terms, Peru ($189K) remains the key foreign market for aluminium bar exports from Chile, comprising 52% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($69K), with a 19% share of total exports. It was followed by Colombia, with a 17% share.

What is the average export price for aluminium bars, rods and profiles in Chile?

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The average aluminium bar export price stood at $3,468 per tonne in 2019, declining by -30.9% against the previous year.

What is the average import price for aluminium bars, rods and profiles in Chile?

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In 2019, the average aluminium bar import price amounted to $3,597 per tonne, approximately mirroring the previous year.