U.S. Secondary Aluminum Market. Analysis And Forecast to 2030
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View PricingSecondary Aluminum Price in U.S. Reaches its Maximum at $4.2K per Ton
U.S. Secondary Aluminum Export Price per Ton in August 2022
In August 2022, the secondary aluminum price per ton stood at $4.2K (FOB, US), growing by 26% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($4.7K per ton), while the average price for exports to South Korea ($2.6K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Secondary Aluminum Exports
In August 2022, secondary aluminum exports from the United States shrank significantly to 6.6K tons, falling by -31.7% against July 2022 figures. Overall, total exports indicated temperate growth from January 2022 to August 2022: its volume increased at an average monthly rate of +3.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports decreased by -35.6% against April 2022 indices. The pace of growth was the most pronounced in February 2022 with an increase of 34% m-o-m.
In value terms, secondary aluminum exports fell to $28M (IndexBox estimates) in August 2022. In general, total exports indicated resilient growth from January 2022 to August 2022: its value increased at an average monthly rate of +6.6% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports decreased by -20.7% against June 2022 indices. The most prominent rate of growth was recorded in February 2022 when exports increased by 28% against the previous month.
U.S. Secondary Aluminum Exports by Country
Malaysia (3.6K tons) was the main destination for secondary aluminum exports from the United States, accounting for a 54% share of total exports. Moreover, secondary aluminum exports to Malaysia exceeded the volume sent to the second major destination, Mexico (1.2K tons), threefold. Canada (1.1K tons) ranked third in terms of total exports with a 17% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume to Malaysia amounted to +31.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-14.1% per month) and Canada (+1.9% per month).
In value terms, Malaysia ($17M) remains the key foreign market for secondary aluminum exports from the United States, comprising 60% of total exports. The second position in the ranking was taken by Mexico ($3.8M), with a 14% share of total exports. It was followed by Canada, with a 12% share.
From January 2022 to August 2022, the average monthly growth rate of value to Malaysia totaled +37.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-13.6% per month) and Canada (-0.1% per month).
This report provides an in-depth analysis of the secondary aluminum market in the U.S.. 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:
- NAICS 331314 - Secondary smelting and alloying of aluminum
Companies mentioned:
- Smelter Service Corp.
- J.L. French Automotive Castings
- Ffs Incorporated
- Trialco
- Tst Inc.
- Ohio Valley Aluminum Company
- Metal Powder Products
- Allied Metal Co.
- Tower Extrusions
- Srt Investments
- Blue Ridge Metals Corporation
- Scepter
- C-Koe Metals
- Joe W Morgan
- Ampal
- Interlock Industries
- Audubon Metals
- Thorock Metals
- Superior Aluminum Alloys
- R Lavin & Son IncRecycling Services of Indiana
- Eccomelt, Imco Recycling of Loudon Inc
- Spectro Alloys Corporation
- Texas Tst
- Tower Metal Products L.P.
- Gnw Aluminum
- Metalico Aluminum Recovery
- Stiefel Aluminum
- Kentucky Smelting Technology
- Imco Recycling of Ohio
- Quality Molded
- Century Aluminum of South Carolina
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
