United Kingdom: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in the UK

In 2019, after two years of growth, there was significant decline in the UK aluminium bar market, when its value decreased by -X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2018, and then dropped dramatically in the following year.

Aluminium Bar Production in the UK

In value terms, aluminium bar production declined significantly to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 when the production volume increased by X% y-o-y. Aluminium bar production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Aluminium Bar Exports

Exports from the UK

In 2019, shipments abroad of aluminium bars, rods and profiles decreased by -X% to X tonnes, falling for the third year in a row after four years of growth. In general, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, aluminium bar exports contracted to $X in 2019. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

France (X tonnes), Germany (X tonnes) and Greece (X tonnes) were the main destinations of aluminium bar exports from the UK, together comprising X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (+X% per year), while exports for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aluminium bar exported from the UK were Germany ($X), Ireland ($X) and France ($X), with a combined X% share of total exports. These countries were followed by the Netherlands, Greece, Spain and Belgium, which together accounted for a further X saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2019, the average aluminium bar export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Ireland ($X per tonne), while the average price for exports to France ($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 the Netherlands, while the prices for the other major destinations experienced a decline.

Aluminium Bar Imports

Imports into the UK

In 2019, purchases abroad of aluminium bars, rods and profiles decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2018, and then contracted modestly in the following year.

In value terms, aluminium bar imports dropped to $X in 2019. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018, and then declined in the following year.

Imports by Country

In 2019, China (X tonnes) constituted the largest aluminium bar supplier to the UK, with a X% share of total imports. Moreover, aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Germany (-X% per year).

In value terms, Germany ($X), China ($X) and Spain ($X) constituted the largest aluminium bar suppliers to the UK, together accounting for X% of total imports. These countries were followed by France, Italy, the U.S., Belgium, the Netherlands, Poland, Turkey, Portugal, Greece and Russia, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium bar import price stood at $X per tonne in 2019, reducing 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 2010 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, 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?

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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), with a combined 49% share of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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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 the UK?

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In value terms, Germany ($133M), China ($131M) and Spain ($89M) constituted the largest aluminium bar suppliers to the UK, together accounting for 49% of total imports. France, Italy, the U.S., Belgium, the Netherlands, Poland, Turkey, Portugal, Greece and Russia lagged somewhat behind, together comprising a further 36%.

What are the leading importers of aluminium bars, rods and profiles from the UK?

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In value terms, the largest markets for aluminium bar exported from the UK were Germany ($29M), Ireland ($26M) and France ($23M), with a combined 48% share of total exports. The Netherlands, Greece, Spain and Belgium lagged somewhat behind, together comprising a further 26%.

What is the average export price for aluminium bars, rods and profiles in the UK?

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In 2019, the average aluminium bar export price amounted to $2,728 per tonne, declining by -6.2% against the previous year.

What is the average import price for aluminium bars, rods and profiles in the UK?

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The average aluminium bar import price stood at $4,967 per tonne in 2019, shrinking by -6.6% against the previous year.