
China - Aluminum - Market Analysis, Forecast, Size, Trends and Insights
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China: Aluminum Market 2022
Aluminum Exports
Exports from China
After three years of growth, overseas shipments of aluminum decreased by -X% to X tonnes in 2020. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. The exports peaked at X tonnes in 2008; however, from 2009 to 2020, the exports stood at a somewhat lower figure.
In value terms, aluminum exports declined sharply to $X in 2020. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. The exports peaked at $X in 2008; however, from 2009 to 2020, the exports failed to regain momentum.
Exports by Country
Japan (X tonnes) was the main destination for aluminum exports from China, accounting for a X% share of total exports. Moreover, aluminum exports to Japan exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), fivefold. Vietnam (X tonnes) ranked third in terms of total exports with a X% share.
From 2007 to 2020, the average annual growth rate of volume to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Vietnam (+X% per year).
In value terms, Japan ($X) remains the key foreign market for aluminum exports from China, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.
From 2007 to 2020, the average annual rate of growth in terms of value to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Vietnam (+X% per year).
Export Prices by Country
In 2020, the average aluminum export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2008; however, from 2009 to 2020, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2020, the highest prices were recorded for prices to Malaysia ($X per tonne) and South Korea ($X per tonne), while the average price for exports to Vietnam ($X per tonne) and Japan ($X per tonne) were amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-X%), while the prices for the other major destinations experienced a decline.
Aluminum Imports
Imports into China
In 2020, the amount of aluminum imported into China surged to X tonnes, with an increase of X% compared with 2019. Over the period under review, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminum imports surged to $X in 2020. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
Malaysia (X tonnes), Russia (X tonnes) and India (X tonnes) were the main suppliers of aluminum imports to China, with a combined X% share of total imports. These countries were followed by South Korea, the United Arab Emirates, Indonesia, Vietnam, Italy, Thailand and Australia, which together accounted for a further X 2007 to 2020, the biggest increases were in Italy (+X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Russia ($X), Malaysia ($X) and India ($X) constituted the largest aluminum suppliers to China, together accounting for X% of total imports. South Korea, the United Arab Emirates, Indonesia, Vietnam, Thailand, Italy and Australia lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2020, the average aluminum import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price saw a noticeable decline. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Australia ($X per tonne) and Russia ($X per tonne), while the price for Italy ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the aluminum market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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