Latin America and the Caribbean: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Latin America and the Caribbean

In 2020, the Latin American unwrought aluminium alloys market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Unwrought Aluminium Alloys Production in Latin America and the Caribbean

In value terms, unwrought aluminium alloys production declined to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

Brazil (X tons) remains the largest unwrought aluminium alloys producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, unwrought aluminium alloys production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. The third position in this ranking was occupied by Venezuela (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and Venezuela (-X% per year).

Unwrought Aluminium Alloys Exports

Exports in Latin America and the Caribbean

In 2020, overseas shipments of unwrought aluminium alloys decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, unwrought aluminium alloys exports shrank significantly to $X in 2020. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Argentina represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Brazil (X tons), Venezuela (X tons) and Haiti (X tons), together committing a X% share of total exports.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Haiti (+X%) displayed positive paces of growth. Moreover, Haiti emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Venezuela (-X%) and Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Argentina and Haiti increased by +X% and +X% percentage points, while Venezuela (-X p.p.) and Brazil (-X p.p.) saw their share reduced.

In value terms, Argentina ($X) remains the largest unwrought aluminium alloys supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by Haiti, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Argentina stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Haiti (+X% per year).

Export Prices by Country

The unwrought aluminium alloys export price in Latin America and the Caribbean stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the export price recorded a slight descent. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Over the period under review, export prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced a decline in the export price figures.

Unwrought Aluminium Alloys Imports

Imports in Latin America and the Caribbean

In 2020, purchases abroad of unwrought aluminium alloys decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Total imports indicated a slight expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The volume of import peaked at X tons in 2019, and then declined rapidly in the following year.

In value terms, unwrought aluminium alloys imports dropped dramatically to $X in 2020. Over the period under review, imports, however, recorded a slight curtailment. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Mexico represented the major importer of unwrought aluminium alloys in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2020. It was distantly followed by Brazil (X tons), generating a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to unwrought aluminium alloys imports into Mexico stood at +X%. At the same time, Brazil (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. While the share of Brazil (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported unwrought aluminium alloys in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in Mexico amounted to -X%.

Import Prices by Country

The unwrought aluminium alloys import price in Latin America and the Caribbean stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Brazil ($X per ton), while Mexico amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil.

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