China: Aluminium Market Overview 2020

Aluminium Market Size in China

The revenue of the aluminium market in China amounted to $X in 2018, approximately reflecting the previous year. Over the period under review, aluminium consumption continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, the aluminium market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Aluminium Production in China

In value terms, aluminium production amounted to $X in 2018 estimated in export prices. Over the period under review, aluminium production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 when production volume increased by X% y-o-y. Over the period under review, aluminium production reached its peak figure level at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Aluminium Exports

Exports from China

In 2018, approx. X tonnes of aluminium were exported from China; growing by X% against the previous year. Overall, aluminium exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, aluminium exports attained their maximum at X tonnes in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, aluminium exports totaled $X in 2018. Overall, aluminium exports continue to indicate a moderate deduction. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. China exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The countries with the highest levels of aluminium exports in 2018 were Russia (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes), together resulting at X% of total export. India (X tonnes) occupied the next position in the ranking, followed by Australia (X tonnes), Norway (X tonnes) and Malaysia (X tonnes). All these countries together occupied near X% share of total exports. The Netherlands (X tonnes), Iceland (X tonnes), the U.S. (X tonnes), Qatar (X tonnes) and Mozambique (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium markets from China were Canada ($X), the United Arab Emirates ($X) and Russia ($X), together accounting for X% of total exports. These countries were followed by India, Australia, Norway, Malaysia, the Netherlands, Iceland, the U.S., Qatar, Mozambique and China, which together accounted for a further X terms of the main exporting countries, Malaysia recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The aluminium export price in China stood at $X per tonne in 2018, going down by -X% against the previous year. Over the period under review, the aluminium export price continues to indicate a measured decrease. The growth pace was the most rapid in 2010 when the export price increased by X% y-o-y. China export price peaked at $X per tonne in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Aluminium Imports

Imports into China

Aluminium imports into China stood at X tonnes in 2018, lowering by -X% against the previous year. Overall, aluminium imports continue to indicate a measured contraction. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. In that year, aluminium imports reached their peak of X tonnes. From 2013 to 2018, the growth of aluminium imports remained at a lower figure.

In value terms, aluminium imports totaled $X in 2018. In general, aluminium imports continue to indicate a significant setback. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. In that year, aluminium imports attained their peak of $X. From 2013 to 2018, the growth of aluminium imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Japan (X tonnes), Germany (X tonnes), South Korea (X tonnes) and Italy (X tonnes) were the main importers of aluminium, together generating X% of total imports. The following importers - the Netherlands (X tonnes), Turkey (X tonnes), Mexico (X tonnes), Thailand (X tonnes), Poland (X tonnes), Malaysia (X tonnes) and Taiwan, Chinese (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported aluminium into China, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Germany (-X% per year).

Import Prices by Country

The aluminium import price in China stood at $X per tonne in 2018, remaining stable against the previous year. Over the period under review, the aluminium import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the import price increased by X% y-o-y. Over the period under review, the import prices for aluminium attained their maximum at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Mexico ($X per tonne) and Poland ($X per tonne), while South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform