U.S. Secondary Aluminum Market. Analysis And Forecast to 2030
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View PricingSignificant Decline: United States' Import of Secondary Aluminum Drops to $134M in August 2023
U.S. Secondary Aluminum Imports
In August 2023, purchases abroad of secondary aluminum decreased by -7.3% to 47K tons, falling for the second consecutive month after three months of growth. Over the period under review, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in September 2022 when imports increased by 28% m-o-m. As a result, imports attained the peak of 93K tons. From October 2022 to August 2023, the growth of imports remained at a somewhat lower figure.
In value terms, secondary aluminum imports dropped to $134M (IndexBox estimates) in August 2023. In general, imports showed a pronounced contraction. The pace of growth was the most pronounced in September 2022 when imports increased by 23% month-to-month. As a result, imports attained the peak of $298M. From October 2022 to August 2023, the growth of imports failed to regain momentum. 
| COUNTRY | Import Value of Secondary Aluminum in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| Canada | 72.0 | 67.5 | 60.1 | 57.5 | 49.5 | 69.3 | 70.3 | 61.9 | 63.5 | 59.4 | 51.9 | 50.5 | 48.6 |
| United Arab Emirates | 86.0 | 121 | 80.8 | 77.0 | 31.4 | 57.8 | 35.9 | 34.6 | 57.9 | 59.0 | 74.7 | 25.0 | 29.5 |
| South Korea | 14.3 | 9.5 | 0.8 | 0.9 | 1.1 | 4.9 | N/A | 0.6 | 10.2 | 3.1 | 4.4 | 6.2 | 3.2 |
| India | 14.1 | 14.1 | 17.8 | 18.7 | 3.0 | 4.4 | 4.1 | 3.5 | 6.3 | 2.8 | 4.1 | 2.9 | 1.8 |
| Russia | 22.9 | N/A | N/A | 11.3 | 0.6 | 2.2 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Others | 32.0 | 85.4 | 125 | 52.4 | 118 | 43.7 | 67.7 | 56.3 | 55.3 | 86.8 | 72.0 | 61.2 | 50.6 |
| Total | 241 | 298 | 285 | 218 | 203 | 182 | 178 | 157 | 193 | 211 | 207 | 146 | 134 |
Imports by Country
Canada (16K tons), the United Arab Emirates (11K tons) and South Korea (1.3K tons) were the main suppliers of secondary aluminum imports to the United States, with a combined 60% share of total imports.
From August 2022 to August 2023, the biggest increases were in Canada (with a CAGR of -2.5%), while purchases for the other leaders experienced a decline.
In value terms, the largest secondary aluminum suppliers to the United States were Canada ($49M), the United Arab Emirates ($30M) and South Korea ($3.2M), with a combined 61% share of total imports.
Canada, with a CAGR of -3.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
In August 2023, the secondary aluminum price amounted to $2,837 per ton (CIF, US), leveling off at the previous month. Overall, the import price recorded a mild contraction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 7.3% m-o-m. The import price peaked at $3,333 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Australia ($3,462 per ton) and Canada ($2,986 per ton), while the price for Mexico ($2,321 per ton) and South Korea ($2,514 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (-0.7%), while the prices for the other major suppliers experienced a decline.
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
