Global Aluminium Market Overview 2020

Aluminium Market Size

In 2019, after two years of growth, there was significant decline in the global aluminium market, when its value decreased by -X% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2018, and then declined in the following year.

Aluminium Production

In value terms, aluminium production shrank slightly to $X in 2019 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% y-o-y. Over the period under review, global production reached the peak level at $X in 2018, and then reduced in the following year.

Production By Country

The countries with the highest volumes of aluminium production in 2019 were Russia (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes), together accounting for X% of global production. These countries were followed by Australia, India, Norway, Iceland, Qatar, South Africa, Oman, Bahrain and Mozambique, which together accounted for a further X 2007 to 2019, the biggest increases were in Qatar, while aluminium production for the other global leaders experienced more modest paces of growth.

Aluminium Exports

Exports

In 2019, approx. X tonnes of aluminium were exported worldwide; picking up by X% compared with the year before. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Global exports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, aluminium exports declined to $X in 2019. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Over the period under review, global exports attained the maximum at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

The biggest shipments were from Russia (X tonnes), the United Arab Emirates (X tonnes), Canada (X tonnes) and India (X tonnes), together finishing at X% of total export. It was followed by Australia (X tonnes), Norway (X tonnes) and Malaysia (X tonnes), together mixing up a X% share of total exports. The Netherlands (X tonnes), Iceland (X tonnes), Qatar (X tonnes), China (X tonnes) and South Africa (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in India, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Canada ($X) and Russia ($X) were the countries with the highest levels of exports in 2019, with a combined X% share of global exports. These countries were followed by India, Australia, Norway, Malaysia, the Netherlands, Iceland, Qatar, China and South Africa, which together accounted for a further X terms of the main exporting countries, Malaysia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average aluminium export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price recorded a slight setback. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% y-o-y. Global export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in Norway ($X per tonne) and the Netherlands ($X per tonne), while Russia ($X per tonne) and South Africa ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Aluminium Imports

Imports

In 2019, after five years of growth, there was decline in supplies from abroad of aluminium, when their volume decreased by -X% to X tonnes. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, global imports attained the maximum at X tonnes in 2018, and then reduced in the following year.

In value terms, aluminium imports shrank to $X in 2019. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Global imports peaked at $X in 2018, and then shrank in the following year.

Imports by Country

In 2019, the U.S. (X tonnes), followed by Japan (X tonnes), Germany (X tonnes), South Korea (X tonnes), Italy (X tonnes), the Netherlands (X tonnes) and Turkey (X tonnes) were the major importers of aluminium, together constituting X% of total imports. The following importers - Malaysia (X tonnes), Thailand (X tonnes), Mexico (X tonnes), Poland (X tonnes) and Taiwan, Chinese (X tonnes) - each finished at a X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium importing markets worldwide were the U.S. ($X), Germany ($X) and Japan ($X), with a combined X% share of global imports. South Korea, the Netherlands, Italy, Turkey, Malaysia, Thailand, Mexico, Taiwan, Chinese and Poland lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average aluminium import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2019, major importing countries recorded the following prices: in the Netherlands ($X per tonne) and Taiwan, Chinese ($X per tonne), while Japan ($X per tonne) and Turkey ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium in the world?

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The countries with the highest volumes of aluminium consumption in 2019 were the U.S. (3.8M tonnes), Japan (2.5M tonnes) and Germany (1.8M tonnes), with a combined 32% share of global consumption. South Korea, Turkey, Russia, Italy, Australia, Canada, Mexico, Thailand and Taiwan, Chinese lagged somewhat behind, together comprising a further 31%.

What are the largest producers of aluminium in the world?

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The countries with the highest volumes of aluminium production in 2019 were Russia (3.8M tonnes), Canada (3.2M tonnes) and the United Arab Emirates (2.9M tonnes), with a combined 41% share of global production. Australia, India, Norway, Iceland, Qatar, South Africa, Oman, Bahrain and Mozambique lagged somewhat behind, together accounting for a further 41%.

What are the leading exporters of aluminium in the world?

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In value terms, the United Arab Emirates ($6.8B), Canada ($5.3B) and Russia ($5B) were the countries with the highest levels of exports in 2019, together comprising 32% of global exports. India, Australia, Norway, Malaysia, the Netherlands, Iceland, Qatar, China and South Africa lagged somewhat behind, together comprising a further 38%.

What are the leading importers of aluminium in the world?

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In value terms, the U.S. ($9B), Germany ($5B) and Japan ($4.8B) constituted the countries with the highest levels of imports in 2019, together accounting for 34% of global imports. South Korea, the Netherlands, Italy, Turkey, Malaysia, Thailand, Mexico, Taiwan, Chinese and Poland lagged somewhat behind, together comprising a further 34%.

What is the average export price for aluminium in the world?

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The average aluminium export price stood at $2,135 per tonne in 2019, which is down by -7.1% against the previous year.

What is the average import price for aluminium in the world?

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In 2019, the average aluminium import price amounted to $2,137 per tonne, declining by -9.6% against the previous year.