Indonesia: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in Indonesia

In 2019, the Indonesian aluminium bar market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2018, and then contracted slightly in the following year.

Aluminium Bar Production in Indonesia

In value terms, aluminium bar production contracted modestly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2018, and then dropped in the following year.

Aluminium Bar Exports

Exports from Indonesia

In 2019, the amount of aluminium bars, rods and profiles exported from Indonesia fell to X tonnes, dropping by -X% on the year before. Overall, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes, and then fell in the following year.

In value terms, aluminium bar exports reduced to $X in 2019. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of $X, and then reduced in the following year.

Exports by Country

The U.S. (X tonnes) was the main destination for aluminium bar exports from Indonesia, with a X% share of total exports. Moreover, aluminium bar exports to the U.S. exceeded the volume sent to the second major destination, Australia (X tonnes), fourfold. Canada (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Canada (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for aluminium bar exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports. It was followed by Viet Nam, with a X% share.

From 2007 to 2019, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2019, the average aluminium bar export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Australia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Indonesia

In 2019, purchases abroad of aluminium bars, rods and profiles increased by X% to X tonnes, rising for the fifth consecutive year after two years of decline. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports rose significantly to $X in 2019. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest aluminium bar supplier to Indonesia, accounting for a X% share of total imports. Moreover, aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tonnes), sixfold. The third position in this ranking was occupied by Singapore (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and Singapore (+X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium bar to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per tonne in 2019, standing approx. at the previous year. Overall, import price indicated slight growth from 2007 to 2019: its price 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, aluminium bar import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Japan ($X per tonne), while the price for Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

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The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), together comprising 49% of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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China (6.1M tonnes) remains the largest aluminium bar producing country worldwide, comprising approx. 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. Brazil (1.2M tonnes) ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to Indonesia?

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In value terms, China ($34M) constituted the largest supplier of aluminium bar to Indonesia, comprising 52% of total imports. The second position in the ranking was occupied by Singapore ($7.5M), with a 12% share of total imports. It was followed by Hong Kong SAR, with a 6.6% share.

What are the leading importers of aluminium bars, rods and profiles from Indonesia?

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In value terms, the U.S. ($70M) remains the key foreign market for aluminium bar exports from Indonesia, comprising 59% of total exports. The second position in the ranking was occupied by Australia ($14M), with a 12% share of total exports. It was followed by Viet Nam, with a 6.7% share.

What is the average export price for aluminium bars, rods and profiles in Indonesia?

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The average aluminium bar export price stood at $3,673 per tonne in 2019, declining by -3.8% against the previous year.

What is the average import price for aluminium bars, rods and profiles in Indonesia?

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In 2019, the average aluminium bar import price amounted to $3,069 per tonne, standing approx. at the previous year.