Southern Asia: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Southern Asia

The South Asian market for aluminium plates, sheets and strip of thickness over X mm reduced to $X in 2023, falling by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Southern Asia

In value terms, production of aluminium plates, sheets and strip of thickness over X mm declined modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production of hit record highs at $X in 2020; afterwards, it flattened through to 2023.

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

Exports in Southern Asia

In 2023, exports of aluminium plates, sheets and strip of thickness over X mm in Southern Asia surged to X tons, with an increase of X% compared with 2022 figures. In general, exports saw a slight expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm reached $X in 2023. Overall, exports showed a temperate increase. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the aluminium plates, sheets and strip of thickness over X mm exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest aluminium plate, sheet and strip of thickness over X mm supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India stood at X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded a slight expansion. The pace of growth was the most pronounced in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in Southern Asia

In 2023, overseas purchases of aluminium plates, sheets and strip of thickness over X mm decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm fell markedly to $X in 2023. Over the period under review, imports, however, enjoyed a mild increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

India represented the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Bangladesh (X tons), Pakistan (X tons) and Sri Lanka (X tons), together constituting a X% share of total imports. Nepal (X tons) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of imports of aluminium plates, sheets and strip of thickness over X mm. At the same time, Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Pakistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of India (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported aluminium plates, sheets and strip of thickness over X mm in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India was relatively modest. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform