South-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 South-Eastern Asia

In 2023, the Southeast Asian market for aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm rose to $X in 2023 estimated in export price. The total production indicated a tangible increase 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 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2023, production of growth remained at a lower figure.

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

Exports in South-Eastern Asia

In 2023, overseas shipments of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons, falling for the second consecutive year after seven years of growth. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm fell markedly to $X in 2023. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then declined markedly in the following year.

Exports by Country

Thailand prevails in mm structure, finishing at X tons, which was approx. X% of total exports in 2023. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Singapore (X%). Indonesia (X tons) followed a long way behind the leaders.

Thailand 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, Malaysia (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Thailand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (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 South-Eastern Asia

In 2023, after two years of growth, there was significant decline in supplies from abroad of aluminium alloy plates, sheets and strip of thickness over X mm, when their volume decreased by X% to X tons. Total imports indicated a temperate expansion from 2012 to 2023: its volume 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. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2022, and then declined remarkably in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm contracted notably to $X in 2023. Total imports indicated noticeable growth 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. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then fell remarkably in the following year.

Imports by Country

Vietnam was the main importing country with an import of around X tons, which accounted for X% of total imports. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), Malaysia (X%) and Cambodia (X%). Singapore (X tons) and Myanmar (X tons) took a relatively small share of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), Cambodia (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Cambodia (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Singapore and Thailand saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported aluminium alloy plates, sheets and strip of thickness over X mm in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

In Vietnam, imports of aluminium alloy plates, sheets and strip of thickness over X mm increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Malaysia ($X per ton) and Vietnam ($X per ton), while Myanmar ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform