United Kingdom: Aluminium Bar Market Overview 2020

Aluminium Bar Market Size in the UK

The revenue of the aluminium bar market in the UK amounted to $X in 2018, lowering by -X% against the previous year. Overall, aluminium bar consumption, however, continues to indicate a deep drop. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Aluminium bar consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Aluminium Bar Production in the UK

In value terms, aluminium bar production totaled $X in 2018 estimated in export prices. Overall, aluminium bar production, however, continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. Aluminium bar production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Aluminium Bar Exports

Exports from the UK

In 2018, the amount of aluminium bars, rods and profiles exported from the UK amounted to X tonnes, picking up by X% against the previous year. Overall, aluminium bar exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, aluminium bar exports totaled $X in 2018. In general, aluminium bar exports, however, continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, aluminium bar exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main destinations of aluminium bar exports from the UK, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by France, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ireland ($X) and the Netherlands ($X) appeared to be the largest markets for aluminium bar exported from the UK worldwide, with a combined X% share of total exports. France, Italy and Belgium lagged somewhat behind, together comprising a further X the main countries of destination, Italy experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced a decline.

Export Prices by Country

In 2018, the average aluminium bar export price amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the aluminium bar export price, however, continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. In that year, the average export prices for aluminium bars, rods and profiles attained their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average export prices for aluminium bars, rods and profiles failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced a decline.

Aluminium Bar Imports

Imports into the UK

Aluminium bar imports into the UK totaled X tonnes in 2018, jumping by X% against the previous year. Overall, aluminium bar imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, aluminium bar imports reached their maximum at X tonnes in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports stood at $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, aluminium bar imports reached their maximum in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, China (X tonnes) constituted the largest aluminium bar supplier to the UK, accounting for 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 2018, 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, the largest aluminium bar suppliers to the UK were Germany ($X), China ($X) and Spain ($X), together accounting for X% of total imports. France, Belgium, the U.S., Italy, the Netherlands, Poland, Turkey, Portugal and Bahrain lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average aluminium bar import price amounted to $X per tonne, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the price for Bahrain ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform