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Australia - Aluminum - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Australia - Aluminum - Market Analysis, Forecast, Size, Trends And Insights

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Jul 26, 2023

Australian Aluminum Price Falls to $2,378 per Ton, Ending Three Months of Contraction

Australia Aluminum Export Price in May 2023

In May 2023, the aluminum price stood at $2,378 per ton (FOB, Australia), flattening at the previous month. In general, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in December 2022 an increase of 2% m-o-m. The export price peaked at $3,290 per ton in May 2022; however, from June 2022 to May 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In May 2023, the highest price was recorded for prices to Malaysia ($2,862 per ton) and Indonesia ($2,697 per ton), while the average price for exports to the United States ($2,236 per ton) and Thailand ($2,303 per ton) were amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-0.5%), while the prices for the other major destinations experienced a decline.

COUNTRYExport Price of Aluminum in Australia (USD per ton)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Malaysia3,0382,8372,4972,3362,2882,3632,3792,4452,5482,5002,3042,0712,862
Indonesia3,3042,9092,6562,6502,5062,4832,4802,5652,4852,4492,4282,4352,697
Taiwan (Chinese)3,3473,0202,7412,5692,4562,3922,4042,4402,4492,5002,3442,4202,482
Vietnam3,2452,8292,6082,5472,4552,3232,3872,4672,4992,5152,3822,4362,396
South Korea3,2462,9772,5962,5002,4172,3442,3872,4872,4622,5152,4382,3552,392
Thailand3,3443,0492,8562,4472,4942,4412,3292,4312,7502,4642,3822,4042,303
Japan3,2232,9692,5862,6152,5882,5542,4442,4372,4572,4712,4702,4162,303
United States3,4243,4433,0772,8532,7382,3752,7182,6242,6712,8042,7602,5812,236
Average3,2902,9912,6702,5712,5002,3972,4292,4792,5022,5322,5152,3902,378

Australia Aluminum Export Prices by Type

Average prices varied noticeably for the major types of exported product. In May 2023, the product with the highest price was aluminum (unwrought, not alloyed) ($2,380 per ton), while the average price for exports of unwrought aluminium alloys totaled $2,359 per ton.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for the following types: aluminium (-2.5%).

Australia Aluminum Exports

In May 2023, approximately 143K tons of aluminum were exported from Australia; rising by 69% on the previous month. Overall, total exports indicated moderate growth from May 2022 to May 2023: its volume increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, exports decreased by -3.0% against March 2023 indices.

In value terms, aluminum exports skyrocketed to $340M (IndexBox estimates) in May 2023. In general, total exports indicated a slight expansion from May 2022 to May 2023: its value increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, exports decreased by -8.3% against March 2023 indices.

Australia Aluminum Exports by Type

Aluminum (unwrought, not alloyed) (130K tons) was the largest type of aluminum exported from Australia, with a 91% share of total exports. Moreover, aluminum (unwrought, not alloyed) exceeded the volume of the second product type, unwrought aluminium alloys (13K tons), tenfold.

From May 2022 to May 2023, the average monthly growth rate of the volume of export of aluminum (unwrought, not alloyed) stood at +5.4%.

In value terms, aluminum (unwrought, not alloyed) ($309M) remains the largest type of aluminum exported from Australia, comprising 91% of total exports. The second position in the ranking was held by unwrought aluminium alloys ($32M), with a 9.3% share of total exports.

From May 2022 to May 2023, the average monthly rate of growth in terms of the export volume of aluminum (unwrought, not alloyed) stood at +2.8%.

Australia Aluminum Exports by Country

South Korea (54K tons), Japan (41K tons) and Taiwan (Chinese) (11K tons) were the main destinations of aluminum exports from Australia, together comprising 74% of total exports.

From May 2022 to May 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +12.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($129M), Japan ($95M) and Taiwan (Chinese) ($28M) appeared to be the largest markets for aluminum exported from Australia worldwide, together accounting for 74% of total exports.

Among the main countries of destination, South Korea, with a CAGR of +10.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminum market in Australia. 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 2030.

Product coverage:

  • Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
  • Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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