Latest Report Update: Apr 16, 2021

Republic of Korea - Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Republic of Korea: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in Republic of Korea

After two years of growth, the South Korean aluminium bar market decreased by -X% to $X in 2019. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Aluminium Bar Production in Republic of Korea

In value terms, aluminium bar production declined dramatically to $X in 2019 estimated in export prices. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X, and then shrank rapidly in the following year.

Aluminium Bar Exports

Exports from Republic of Korea

Aluminium bar exports from South Korea skyrocketed to X tonnes in 2019, increasing by X% against the previous year's figure. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in the near future.

In value terms, aluminium bar exports reached $X in 2019. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X tonnes), Viet Nam (X tonnes) and Japan (X tonnes) were the main destinations of aluminium bar exports from South Korea, together comprising X% of total exports. China, the U.S., Thailand, India, Poland and Germany lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Poland (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Viet Nam ($X) and Japan ($X) appeared to be the largest markets for aluminium bar exported from South Korea worldwide, with a combined X% share of total exports. These countries were followed by the U.S., Malaysia, Poland, Thailand, India and Germany, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 bar export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per tonne), while the average price for exports to Malaysia ($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 Poland, while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Bar Imports

Imports into Republic of Korea

In 2019, supplies from abroad of aluminium bars, rods and profiles increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in the near future.

In value terms, aluminium bar imports rose sharply to $X in 2019. In general, imports showed strong growth. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see gradual growth in the near future.

Imports by Country

Viet Nam (X tonnes), China (X tonnes) and the U.S. (X tonnes) were the main suppliers of aluminium bar imports to South Korea, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Viet Nam, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Viet Nam ($X), the U.S. ($X) and China ($X) constituted the largest aluminium bar suppliers to South Korea, with a combined X% share of total imports.

Viet Nam recorded the highest growth rate of 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 2019, the average aluminium bar import price amounted to $X per tonne, leveling off at the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., 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?
+
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?
+
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. The third position in this ranking was occupied by Brazil (1.2M tonnes), with a 6.2% share.
What are the leading suppliers of aluminium bars, rods and profiles to Republic of Korea?
+
In value terms, the largest aluminium bar suppliers to South Korea were Viet Nam ($55M), the U.S. ($41M) and China ($23M), with a combined 84% share of total imports.
What are the leading importers of aluminium bars, rods and profiles from Republic of Korea?
+
In value terms, China ($29M), Viet Nam ($24M) and Japan ($22M) constituted the largest markets for aluminium bar exported from South Korea worldwide, together comprising 43% of total exports. These countries were followed by the U.S., Malaysia, Poland, Thailand, India and Germany, which together accounted for a further 45%.
What is the average export price for aluminium bars, rods and profiles in Republic of Korea?
+
In 2019, the average aluminium bar export price amounted to $4,425 per tonne, dropping by -15.3% against the previous year.
What is the average import price for aluminium bars, rods and profiles in Republic of Korea?
+
In 2019, the average aluminium bar import price amounted to $5,035 per tonne, almost unchanged from the previous year.

Product coverage:
• Prodcom 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)
• Prodcom 24422250 - Aluminium alloy bars, rods, profiles and hollow profiles (excluding rods and profiles prepared for use in structures)

This report provides an in-depth analysis of the aluminium bar market in Republic of Korea. 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.


Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

Webinar: Global Gym and Fitness Equipment Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global gym and fitness equipment market.



Thursday, April 22nd, 2021 @ 10:00 am ET


Register

Webinar: Global Printed Circuit Assembly Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global printed circuit assembly market.



Thursday, April 29th, 2021 @ 10:00 am ET


Register

Webinar: Global Palm Oil Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global palm oil market.



Thursday, May 6th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data