United Kingdom: Aluminium Bar Market 2024

Aluminium Bar Market Size in the UK

The UK aluminium bar market soared to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Aluminium bar consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Aluminium Bar Production in the UK

In value terms, aluminium bar production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Aluminium bar production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Aluminium Bar Exports

Exports from the UK

After three years of decline, overseas shipments of aluminium bars, rods and profiles increased by X% to X tons in 2022. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, aluminium bar exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a mild shrinkage. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for aluminium bar exports from the UK, with a X% share of total exports. Moreover, aluminium bar exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), Ireland ($X) and Germany ($X) appeared to be the largest markets for aluminium bar exported from the UK worldwide, together accounting for X% of total exports. The United States, Poland, India, Spain, France, Italy and Belgium lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of 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

The average aluminium bar export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into the UK

Aluminium bar imports into the UK soared to X tons in 2022, with an increase of X% compared with the previous year. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), China (X tons) and Germany (X tons) were the main suppliers of aluminium bar imports to the UK, together accounting for X% of total imports. Italy, Turkey, Poland, France, Greece, the Netherlands, the United States, India, Belgium and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of aluminium bars, rods and profiles to the UK, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average aluminium bar import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium bar import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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