Eastern Asia: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

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

The East Asian market for aluminium alloy plates, sheets and strip of thickness over X mm expanded notably to $X in 2023, surging by X% against the previous year. The total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in Eastern Asia

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm expanded remarkably to $X in 2023 estimated in export price. The total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth failed to regain momentum.

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

Exports in Eastern Asia

In 2023, overseas shipments of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2022, and then contracted dramatically in the following year.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm reduced remarkably to $X in 2023. In general, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2022, and then fell remarkably in the following year.

Exports by Country

China represented the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by South Korea (X tons), committing a X% share of total exports. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the aluminium alloy plates, sheets and strip of thickness over X mm exports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Asia

In 2023, purchases abroad of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons for the first time since 2016, thus ending a six-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then contracted in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm dropped to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2022, and then declined in the following year.

Imports by Country

China (X tons) and South Korea (X tons) represented the main importers of aluminium alloy plates, sheets and strip of thickness over X mm in 2023, recording near X% and X% of total imports, respectively. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together making up a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm importing markets in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), with a combined X% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a mild contraction. The pace of growth was the most pronounced in 2022 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform