
U.S. - Aluminium - Market Analysis, Forecast, Size, Trends And Insights
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U.S.: Aluminium Market Overview 2021
Aluminium Market Size in the U.S.
The U.S. aluminium market reduced to $X in 2019, falling by -X% against the previous year. Over the period under review, consumption continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
Aluminium Production in the U.S.
In value terms, aluminium production contracted markedly to $X in 2019. Over the period under review, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Aluminium production peaked at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.
Aluminium Exports
Exports from the U.S.
After two years of growth, overseas shipments of aluminium decreased by -X% to X tonnes in 2019. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2018, and then fell significantly in the following year.
In value terms, aluminium exports fell dramatically to $X in 2019. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then shrank sharply in the following year.
Exports by Country
Mexico (X tonnes) was the main destination for aluminium exports from the U.S., with a X% share of total exports. Moreover, aluminium exports to Mexico exceeded the volume sent to the second major destination, Canada (X tonnes), threefold.
From 2007 to 2019, the average annual rate of growth in terms of volume to Mexico stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and France (+X% per year).
In value terms, Mexico ($X) remains the key foreign market for aluminium exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of value to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and France (+X% per year).
Export Prices by Country
In 2019, the average aluminium export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was France ($X per tonne), while the average price for exports to Canada ($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 France, while the prices for the other major destinations experienced a decline.
Aluminium Imports
Imports into the U.S.
In 2019, purchases abroad of aluminium decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. Over the period under review, total imports indicated a temperate expansion from 2007 to 2019: its volume 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, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.
In value terms, aluminium imports shrank to $X in 2019. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports remained at a lower figure.
Imports by Country
In 2019, Canada (X tonnes) constituted the largest supplier of aluminium to the U.S., with a X% share of total imports. Moreover, aluminium imports from Canada exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tonnes), fourfold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Australia (+X% per year).
In value terms, Canada ($X) constituted the largest supplier of aluminium to the U.S., comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Australia, with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of value from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Australia (+X% per year).
Import Prices by Country
The average aluminium import price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, the import price saw a noticeable contraction. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Qatar ($X per tonne) and Argentina ($X per tonne), while the price for the United Arab Emirates ($X per tonne) and Russia ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Qatar, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for aluminium in the world?+
China (36M tonnes) constituted the country with the largest volume of aluminium consumption, comprising approx. 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. India (2.8M tonnes) ranked third in terms of total consumption with a 4.1% share.
What are the largest producers of aluminium in the world?+
China (36M tonnes) constituted the country with the largest volume of aluminium production, accounting for 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. The third position in this ranking was occupied by Russia (3.6M tonnes), with a 5.4% share.
What are the leading suppliers of aluminium to the U.S.?+
In value terms, Canada ($4.8B) constituted the largest supplier of aluminium to the U.S., comprising 54% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($981M), with a 11% share of total imports. It was followed by Australia, with a 6.8% share.
What are the leading importers of aluminium from the U.S.?+
In value terms, Mexico ($704M) remains the key foreign market for aluminium exports from the U.S., comprising 67% of total exports. The second position in the ranking was occupied by Canada ($256M), with a 24% share of total exports.
What is the average export price for aluminium in the U.S.?+
The average aluminium export price stood at $2,255 per tonne in 2019, which is down by -12.8% against the previous year.
What is the average import price for aluminium in the U.S.?+
The average aluminium import price stood at $2,240 per tonne in 2019, falling by -11.7% against the previous year.
This report provides an in-depth analysis of the aluminium market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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