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China - Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights

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Apr 23, 2023

China's Aluminum Bar Exports Drop to $141M in Feb. 2023

China Aluminium Bar Exports

In February 2023, shipments abroad of aluminium bars, rods and profiles decreased by -55.8% to 39K tons for the first time since October 2022, thus ending a three-month rising trend. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 70% against the previous month.

In value terms, aluminium bar exports reduced remarkably to $141M (IndexBox estimates) in February 2023. Over the period under review, exports recorded a mild slump. The pace of growth appeared the most rapid in March 2022 with an increase of 68% month-to-month.

COUNTRYFeb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Export Value of Aluminium Bar in China (million USD)
Vietnam11.923.329.819.315.118.618.328.425.526.719.911.918.6
Australia9.513.718.916.517.817.816.214.110.015.414.412.98.4
Malaysia6.413.717.116.418.014.512.89.59.914.113.29.18.2
Philippines4.114.920.724.723.224.118.718.416.618.116.318.78.1
Thailand4.712.217.617.016.016.412.711.311.89.410.113.37.0
Israel11.212.512.615.912.615.112.611.512.414.316.617.66.4
India4.36.98.47.011.814.19.614.39.911.711.611.45.5
Mexico6.210.812.211.914.913.714.215.613.015.012.412.05.2
United Kingdom5.89.212.49.68.910.610.58.47.85.76.67.04.3
Singapore2.45.67.37.17.77.86.86.75.76.26.36.14.0
South Africa6.610.111.412.516.913.312.412.810.18.87.916.43.7
United States5.14.97.07.29.48.97.95.85.25.44.96.03.6
Dominican Republic1.96.69.78.75.88.78.45.15.33.96.56.22.6
Others78.012216916617218615615012714115116955.1
Total158267354340350370317312270295297317141

Exports by Country

Vietnam (5.5K tons) was the main destination for aluminium bar exports from China, accounting for a 14% share of total exports. Moreover, aluminium bar exports to Vietnam exceeded the volume sent to the second major destination, Malaysia (2.4K tons), twofold. The third position in this ranking was taken by the Philippines (2.4K tons), with a 6.3% share.

From February 2022 to February 2023, the average monthly growth rate of volume to Vietnam totaled +4.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Malaysia (+3.1% per month) and the Philippines (+7.3% per month).

In value terms, Vietnam ($19M) emerged as the key foreign market for aluminium bar exports from China, comprising 13% of total exports. The second position in the ranking was taken by Australia ($8.4M), with a 6% share of total exports. It was followed by Malaysia, with a 5.8% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of value to Vietnam stood at +3.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (-1.0% per month) and Malaysia (+2.0% per month).

Export Prices by Country

In February 2023, the aluminium bar price amounted to $3,631 per ton (FOB, China), remaining stable against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 3.9% month-to-month. Over the period under review, the average export prices hit record highs at $4,253 per ton in May 2022; however, from June 2022 to February 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In February 2023, the countries with the highest prices were Singapore ($4,125 per ton) and the United States ($4,120 per ton), while the average price for exports to the Dominican Republic ($3,070 per ton) and Israel ($3,160 per ton) were amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium bar market in China. 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 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)
  • Prodcom 24422250 - Aluminium alloy bars, rods, profiles and hollow profiles (excluding rods and profiles prepared for use in structures)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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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