China: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2022

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

In 2021, the Chinese market for aluminium alloy plates, sheets and strip of thickness over X mm decreased by -X% to $X, falling for the third consecutive year after five years of growth. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, 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 China

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm rose to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 -X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

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

Exports from China

In 2021, exports of aluminium alloy plates, sheets and strip of thickness over X mm from China skyrocketed to X tons, rising by X% compared with the year before. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2021 and are likely to see steady growth in the near future.

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

Exports by Country

Mexico (X tons), South Korea (X tons) and Canada (X tons) were the main destinations of exports of aluminium alloy plates, sheets and strip of thickness over X mm from China, with a combined X% share of total exports. These countries were followed by the United States, Vietnam, Thailand, Australia, Nigeria, Malaysia, Indonesia, India, Cambodia and Brazil, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), South Korea ($X) and the United States ($X) appeared to be the largest markets for aluminium alloy plate, sheet and strip of thickness over X mm exported from China worldwide, with a combined X% share of total exports. Canada, Vietnam, Thailand, Australia, Nigeria, Malaysia, India, Cambodia, Indonesia and Brazil lagged somewhat behind, together comprising a further X terms of the main countries of destination, Cambodia, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the average export price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, increasing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2021, approx. X tons of aluminium alloy plates, sheets and strip of thickness over X mm were imported into China; with an increase of X% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm surged to $X in 2021. In general, imports, however, saw a noticeable contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of imports of aluminium alloy plates, sheets and strip of thickness over X mm to China, with a combined X% share of total imports. These countries were followed by Belgium, France, the United States and Taiwan (Chinese), which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +X%), 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 suppliers to China were South Korea ($X), Japan ($X) and Germany ($X), with a combined X% share of total imports. Belgium, the United States, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further X terms of the main suppliers, France, with a CAGR of +X%, 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

The average import price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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