U.S.: Aluminium Market Overview 2020

Aluminium Market Size in the U.S.

The revenue of the aluminium market in the U.S. amounted to $X in 2018, jumping by X% against the previous year. Overall, aluminium consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the aluminium market reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Aluminium Production in the U.S.

In value terms, aluminium production amounted to $X in 2018. Overall, aluminium production, however, continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, aluminium production reached its peak figure level at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Aluminium Exports

Exports from the U.S.

In 2018, the amount of aluminium exported from the U.S. amounted to X tonnes, surging by X% against the previous year. The total export volume 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 most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, aluminium exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, aluminium exports stood at $X in 2018. Overall, the total exports indicated a significant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aluminium exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The U.S. exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

The countries with the highest levels of aluminium exports in 2018 were Russia (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes), together recording X% of total export. India (X tonnes) ranks next in terms of the total exports with a X% share, followed by Australia (X%), Norway (X%) and Malaysia (X%). The following exporters - the Netherlands (X tonnes), Iceland (X tonnes), Qatar (X tonnes), China (X tonnes) and Mozambique (X tonnes) - together made up X% of total exports.

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

In value terms, Canada ($X), the United Arab Emirates ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. India, Australia, Norway, Malaysia, the Netherlands, Iceland, the U.S., Qatar, Mozambique and China lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Malaysia experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the aluminium export price in the U.S. amounted to $X per tonne, rising by X% against the previous year. Overall, the aluminium export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the export price increased by X% year-to-year. The U.S. export price peaked at $X per tonne in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Norway ($X per tonne) and the Netherlands ($X per tonne), while Russia ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

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

Aluminium Imports

Imports into the U.S.

In 2018, approx. X tonnes of aluminium were imported into the U.S.; growing by X% against the previous year. In general, aluminium imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, aluminium imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, aluminium imports totaled $X in 2018. Over the period under review, the total imports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aluminium imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, aluminium imports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

Japan (X tonnes) and Germany (X tonnes) were the major importers of aluminium in 2018, reaching approx. X% and X% of total imports, respectively. South Korea (X tonnes) held the next position in the ranking, followed by Italy (X tonnes), the Netherlands (X tonnes) and Turkey (X tonnes). All these countries together occupied near X% share of total imports. The following importers - Mexico (X tonnes), Thailand (X tonnes), Poland (X tonnes), Malaysia (X tonnes), Taiwan, Chinese (X tonnes) and Spain (X tonnes) - together made up X% of total imports.

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

In value terms, the U.S. ($X) constitutes the largest market for imported aluminium into the U.S., comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the aluminium import price in the U.S. amounted to $X per tonne, increasing by X% against the previous year. In general, the aluminium import price, however, continues to indicate a measured curtailment. The pace of growth appeared the most rapid in 2010 when the import price increased by X% against the previous year. The U.S. import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Mexico ($X per tonne) and Poland ($X per tonne), while South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform