United Kingdom: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in the UK

In 2020, the UK aluminium bar market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a pronounced slump. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Aluminium Bar Production in the UK

In value terms, aluminium bar production reduced slightly to $X in 2020 estimated in export prices. Overall, production recorded a noticeable slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Aluminium Bar Exports

Exports from the UK

In 2020, overseas shipments of aluminium bars, rods and profiles decreased by -X% to X tonnes, falling for the fourth consecutive year after four years of growth. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, aluminium bar exports declined markedly to $X in 2020. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

France (X tonnes), Germany (X tonnes) and Ireland (X tonnes) were the main destinations of aluminium bar exports from the UK, with a combined X% share of total exports. The Netherlands, Greece, Poland and Belgium lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Greece (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

Export Prices by Country

The average aluminium bar export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the export price, however, saw a slight setback. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, 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 2020, 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 2020, overseas purchases of aluminium bars, rods and profiles decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports declined notably to $X in 2020. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

China (X tonnes), Germany (X tonnes) and Spain (X tonnes) were the main suppliers of aluminium bar imports to the UK, with a combined X% share of total imports. Belgium, Italy, Turkey, the Netherlands, France, Portugal, Poland and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar suppliers to the UK were Germany ($X), China ($X) and Spain ($X), together accounting for X% of total imports. Belgium, Italy, France, the U.S., Turkey, the Netherlands, Poland and Portugal lagged somewhat behind, together accounting for a further X terms of the main suppliers, Poland saw the highest growth rate of the value of imports, 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 2020, with a decrease of -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 2020, 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 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 2020 were China (5.5M tonnes), the U.S. (3M tonnes) and Brazil (1.4M tonnes), together comprising 45% of global consumption.

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

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China (6.4M tonnes) constituted the country with the largest volume of aluminium bar production, comprising approx. 28% 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. Brazil (1.4M tonnes) ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of aluminium bars, rods and profiles to the UK?

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In value terms, Germany ($73M), China ($65M) and Spain ($52M) were the largest aluminium bar suppliers to the UK, together accounting for 44% of total imports. Belgium, Italy, France, the U.S., Turkey, the Netherlands, Poland and Portugal lagged somewhat behind, together accounting for a further 45%.

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 Ireland ($21M), Germany ($17M) and France ($14M), together accounting for 45% of total exports. These countries were followed by the Netherlands, Greece, Poland and Belgium, which together accounted for a further 20%.

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

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In 2020, the average aluminium bar export price amounted to $2,929 per tonne, rising by 6.6% against the previous year.

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

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In 2020, the average aluminium bar import price amounted to $4,247 per tonne, declining by -14.6% against the previous year.