India - Aluminum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's Aluminum Price Sees 3% Rise, with Average of $2,451 per Ton
India Aluminum Export Price in November 2022
In November 2022, the aluminum price amounted to $2,451 per ton (FOB, India), rising by 2.8% against the previous month. In general, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 12% against the previous month. The export price peaked at $3,646 per ton in April 2022; however, from May 2022 to November 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In November 2022, the highest price was recorded for prices to Mexico ($2,675 per ton) and the United States ($2,631 per ton), while the average price for exports to Japan ($2,206 per ton) and Thailand ($2,356 per ton) were amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.3%), while the prices for the other major destinations experienced a decline.
India Aluminum Export Prices by Type
Average prices varied noticeably for the major types of exported product. In November 2022, the product with the highest price was aluminum (unwrought, not alloyed) ($2,451 per ton), while the average price for exports of unwrought aluminium alloys amounted to $2,450 per ton.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for the following types: aluminium (-1.9%).
India Aluminum Exports
In November 2022, aluminum exports from India declined to 168K tons, shrinking by -7.9% compared with October 2022 figures. In general, exports saw a noticeable reduction. The growth pace was the most rapid in February 2022 with an increase of 16% against the previous month. As a result, the exports attained the peak of 279K tons. From March 2022 to November 2022, the growth of the exports remained at a lower figure.
In value terms, aluminum exports reduced to $413M (IndexBox estimates) in November 2022. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in February 2022 when exports increased by 21% m-o-m. Over the period under review, the exports hit record highs at 941K tons in March 2022; however, from April 2022 to November 2022, the exports stood at a somewhat lower figure.
India Aluminum Exports by Type
Aluminum (unwrought, not alloyed) (144K tons) was the largest type of aluminum exported from India, accounting for a 86% share of total exports. Moreover, aluminum (unwrought, not alloyed) exceeded the volume of the second product type, unwrought aluminium alloys (24K tons), sixfold.
From January 2022 to November 2022, the average monthly rate of growth in terms of the volume of export of aluminum (unwrought, not alloyed) was relatively modest.
In value terms, aluminum (unwrought, not alloyed) ($354M) remains the largest type of aluminum exported from India, comprising 86% of total exports. The second position in the ranking was held by unwrought aluminium alloys ($59M), with a 14% share of total exports.
From January 2022 to November 2022, the average monthly growth rate of the export volume of aluminum (unwrought, not alloyed) stood at -2.6%.
India Aluminum Exports by Country
Malaysia (31K tons), South Korea (25K tons) and China (19K tons) were the main destinations of aluminum exports from India, with a combined 45% share of total exports. These countries were followed by Italy, Vietnam, Japan, Thailand, Belgium, Turkey, Taiwan (Chinese), Mexico, the United States and the Netherlands, which together accounted for a further 45%.
From January 2022 to November 2022, the biggest increases were in Italy (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for aluminum exported from India were Malaysia ($78M), South Korea ($60M) and Italy ($47M), with a combined 45% share of total exports.
Italy, with a CAGR of +18.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Aluminum Price Growth
This increase has been due to a variety of factors, including supply chain disruptions, rising demand, and geopolitical tensions. The volatility of aluminum prices has created significant uncertainty in the industry, making it difficult for businesses to plan effectively. As the global economy continues to recover, it remains to be seen whether these fluctuations will continue, or if the market will stabilize over time.
This report provides an in-depth analysis of the aluminum market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
