U.S.: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in the U.S.

The U.S. aluminium bar market rose slightly to $X in 2019, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 reached the peak level in 2019 and is likely to see steady growth in the immediate term.

Aluminium Bar Production in the U.S.

In value terms, aluminium bar production rose rapidly to $X in 2019. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level in 2019 and is likely to continue growth in the near future.

Aluminium Bar Exports

Exports from the U.S.

In 2019, overseas shipments of aluminium bars, rods and profiles increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, total exports indicated measured growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, aluminium bar exports expanded slightly to $X in 2019. Over the period under review, total exports indicated a moderate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Mexico (X tonnes) was the main destination for aluminium bar exports from the U.S., accounting for a X% share of total exports. Moreover, aluminium bar exports to Mexico exceeded the volume sent to the second major destination, Canada (X tonnes), threefold. The third position in this ranking was occupied by Israel (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Mexico amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Israel (+X% per year).

In value terms, the largest markets for aluminium bar exported from the U.S. were Mexico ($X), Canada ($X) and South Korea ($X), together accounting for X% of total exports. Japan, the UK, Israel and China lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to 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 tonne in 2019, almost unchanged from the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure in 2019 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Mexico ($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 China, while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into the U.S.

After seven years of growth, supplies from abroad of aluminium bars, rods and profiles decreased by -X% to X tonnes in 2019. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Imports peaked at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports declined remarkably to $X in 2019. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked at $X in 2010; however, from 2011 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest supplier of aluminium bar to the U.S., with a X% share of total imports. Moreover, aluminium bar imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tonnes), threefold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Indonesia (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of aluminium bar to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2019, the average aluminium bar import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Colombia, while the prices for the other major suppliers experienced mixed trend patterns.

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), together accounting for 49% 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 U.S.?

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In value terms, Canada ($332M) constituted the largest supplier of aluminium bar to the U.S., comprising 35% of total imports. The second position in the ranking was occupied by Mexico ($85M), with a 8.9% share of total imports. It was followed by Indonesia, with a 6.1% share.

What are the leading importers of aluminium bars, rods and profiles from the U.S.?

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In value terms, the largest markets for aluminium bar exported from the U.S. were Mexico ($428M), Canada ($225M) and South Korea ($45M), with a combined 73% share of total exports. Japan, the UK, Israel and China lagged somewhat behind, together accounting for a further 15%.

What is the average export price for aluminium bars, rods and profiles in the U.S.?

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In 2019, the average aluminium bar export price amounted to $5,492 per tonne, standing approx. at the previous year.

What is the average import price for aluminium bars, rods and profiles in the U.S.?

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The average aluminium bar import price stood at $4,459 per tonne in 2019, dropping by -3.1% against the previous year.