
India - Aluminium - Market Analysis, Forecast, Size, Trends And Insights
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India: Aluminium Market Overview 2021
Aluminium Market Size in India
After three years of growth, the Indian aluminium market decreased by -X% to $X in 2019. Overall, consumption, however, saw pronounced growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Aluminium consumption peaked at $X in 2018, and then contracted rapidly in the following year.
Aluminium Production in India
In value terms, aluminium production fell to $X in 2019 estimated in export prices. Over the period under review, production posted a buoyant increase. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Aluminium production peaked at $X in 2018, and then fell in the following year.
Aluminium Exports
Exports from India
In 2019, exports of aluminium from India surged to X tonnes, rising by X% against the previous year's figure. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked in 2019 and are likely to see gradual growth in years to come.
In value terms, aluminium exports dropped modestly to $X in 2019. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2018, and then fell modestly in the following year.
Exports by Country
Malaysia (X tonnes), South Korea (X tonnes) and the U.S. (X tonnes) were the main destinations of aluminium exports from India, with a combined X% share of total exports. These countries were followed by Singapore, Japan, Taiwan (Chinese), Mexico, Thailand, Brazil, Italy, Turkey and Spain, which together accounted for a further X 2007 to 2019, the biggest increases were in Brazil (+X% per year), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Malaysia ($X), South Korea ($X) and the U.S. ($X) were the largest markets for aluminium exported from India worldwide, together comprising X% of total exports. These countries were followed by Singapore, Taiwan (Chinese), Japan, Mexico, Thailand, Italy, Brazil, Turkey and Spain, which together accounted for a further X terms of the main countries of destination, Brazil (+X% per year) recorded 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 2019, the average aluminium export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2019, the highest prices were recorded for prices to Mexico ($X per tonne) and Italy ($X per tonne), while the average price for exports to Japan ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.
Aluminium Imports
Imports into India
In 2019, purchases abroad of aluminium decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Over the period under review, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.
In value terms, aluminium imports fell notably to $X in 2019. In general, total imports indicated a tangible 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. Based on 2019 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.
Imports by Country
In 2019, Malaysia (X tonnes) constituted the largest supplier of aluminium to India, with a X% share of total imports. Moreover, aluminium imports from Malaysia exceeded the figures recorded by the second-largest supplier, South Korea (X tonnes), twofold. The third position in this ranking was occupied by Qatar (X tonnes), with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from Malaysia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Qatar (+X% per year).
In value terms, Malaysia ($X) constituted the largest supplier of aluminium to India, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of value from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Qatar (+X% per year).
Import Prices by Country
In 2019, the average aluminium import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Hong Kong SAR ($X per tonne) and Bahrain ($X per tonne), while the price for Thailand ($X per tonne) and Russia ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, 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 in the world?+
China (36M tonnes) remains the largest aluminium consuming country worldwide, comprising approx. 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. India (2.8M tonnes) ranked third in terms of total consumption with a 4.1% share.
What are the largest producers of aluminium in the world?+
The country with the largest volume of aluminium production was China (36M tonnes), accounting for 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. The third position in this ranking was occupied by Russia (3.6M tonnes), with a 5.4% share.
What are the leading suppliers of aluminium to India?+
In value terms, Malaysia ($180M) constituted the largest supplier of aluminium to India, comprising 33% of total imports. The second position in the ranking was occupied by South Korea ($80M), with a 15% share of total imports. It was followed by Qatar, with a 10% share.
What are the leading importers of aluminium from India?+
In value terms, Malaysia ($1.2B), South Korea ($826M) and the U.S. ($325M) appeared to be the largest markets for aluminium exported from India worldwide, with a combined 62% share of total exports. Singapore, Taiwan (Chinese), Japan, Mexico, Thailand, Italy, Brazil, Turkey and Spain lagged somewhat behind, together comprising a further 28%.
What is the average export price for aluminium in India?+
In 2019, the average aluminium export price amounted to $1,920 per tonne, which is down by -22.4% against the previous year.
What is the average import price for aluminium in India?+
The average aluminium import price stood at $2,013 per tonne in 2019, declining by -7.9% against the previous year.
This report provides an in-depth analysis of the aluminium market in India. 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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