U.S. Secondary Aluminum Market. Analysis And Forecast to 2030
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View PricingUS Secondary Aluminum Prices Moderately Increase to $3,128/Ton
U.S. Secondary Aluminum Import Price in February 2023
In February 2023, the secondary aluminum price amounted to $3,128 per ton (CIF, US), rising by 7.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 an increase of 10% m-o-m. As a result, import price reached the peak level of $4,033 per ton. From June 2022 to February 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In February 2023, the highest price was recorded for prices from Australia ($3,325 per ton) and Canada ($3,319 per ton), while the price for India ($2,522 per ton) and Bahrain ($2,632 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Qatar (+0.0%), while the prices for the other major suppliers experienced a decline.
COUNTRY | Import Price of Secondary Aluminum in U.S. (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
Australia | 3,476 | 3,498 | 3,850 | 4,171 | 4,004 | 4,321 | 3,995 | 3,340 | 3,441 | 3,118 | 3,170 | 3,114 | 3,325 |
Canada | 3,903 | 4,084 | 4,481 | 4,388 | 3,906 | 3,685 | 3,270 | 3,258 | 3,128 | 2,919 | 2,956 | 3,024 | 3,319 |
Qatar | 3,128 | 3,195 | 2,415 | 3,539 | 2,693 | 3,607 | 3,504 | 3,426 | 3,208 | 3,312 | 2,859 | 2,810 | 3,146 |
Mexico | 3,310 | 3,779 | 4,149 | 4,014 | 3,580 | 3,095 | 2,956 | 2,747 | 2,585 | 2,566 | 2,684 | 2,886 | 2,970 |
United Arab Emirates | 3,339 | 3,601 | 3,933 | 4,255 | 4,095 | 3,797 | 3,562 | 3,240 | 3,118 | 2,891 | 2,846 | 2,867 | 2,927 |
Sweden | N/A | N/A | 41,671 | 44,883 | N/A | 2,657 | 2,525 | N/A | N/A | 2,346 | N/A | N/A | 2,828 |
Bahrain | 3,619 | 3,269 | 3,836 | 3,948 | 3,884 | 3,825 | 3,993 | 3,023 | 2,812 | 3,590 | 2,660 | 2,587 | 2,632 |
India | 3,255 | 3,087 | 3,332 | 3,679 | 3,907 | 3,730 | 3,119 | 3,040 | 2,691 | 2,584 | 2,472 | 2,436 | 2,522 |
South Korea | N/A | 2,752 | 2,952 | 3,481 | 3,345 | 3,717 | 3,365 | 3,075 | 2,962 | 2,945 | 2,653 | 2,711 | N/A |
Russia | 2,839 | 2,702 | 2,788 | 2,682 | 3,258 | 3,039 | 2,781 | N/A | N/A | 2,591 | 2,428 | 2,610 | N/A |
Average | 3,490 | 3,522 | 3,657 | 4,033 | 3,789 | 3,641 | 3,333 | 3,217 | 3,111 | 2,941 | 2,852 | 2,915 | 3,128 |
U.S. Secondary Aluminum Imports
In February 2023, imports of secondary aluminum into the United States fell to 57K tons, waning by -9% compared with the previous month's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 62% m-o-m.
In value terms, secondary aluminum imports reduced modestly to $178M (IndexBox estimates) in February 2023. In general, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in March 2022 when imports increased by 63% month-to-month.
U.S. Secondary Aluminum Imports by Country
Canada (21K tons), the United Arab Emirates (12K tons) and Qatar (11K tons) were the main suppliers of secondary aluminum imports to the United States, together comprising 78% of total imports. Bahrain, Mexico, India, Sweden and Australia lagged somewhat behind, together accounting for a further 20%.
From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +139.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest secondary aluminum suppliers to the United States were Canada ($70M), the United Arab Emirates ($36M) and Qatar ($34M), with a combined 79% share of total imports. These countries were followed by Bahrain, Mexico, Sweden, India and Australia, which together accounted for a further 17%.
In terms of the main suppliers, Sweden, with a CAGR of +83.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
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