Asia: Aluminium Bar Market 2025

Aluminium Bar Market Size in Asia

The Asian aluminium bar market was estimated at $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Aluminium Bar Production in Asia

In value terms, aluminium bar production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Aluminium Bar Exports

Exports in Asia

In 2021, approx. X tons of aluminium bars, rods and profiles were exported in Asia; jumping by 34% compared with 2020 figures. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 37%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, aluminium bar exports soared to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of aluminium bars, rods and profiles in Asia, with the volume of exports reaching X tons, which was near 46% of total exports in 2021. It was distantly followed by Turkey (X tons), constituting a 30% share of total exports. Malaysia (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Indonesia (X tons), South Korea (X tons) and India (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +19.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar supplying countries in Asia were China ($X), Turkey ($X) and Malaysia ($X), together accounting for 80% of total exports. These countries were followed by Vietnam, the United Arab Emirates, South Korea, Indonesia and India, which together accounted for a further 12%.

Vietnam, with a CAGR of +20.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the other leaders experienced more modest paces of growth.

Aluminium Bar Imports

Imports in Asia

In 2021, supplies from abroad of aluminium bars, rods and profiles was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 15% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium bar imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 26%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of aluminium bars, rods and profiles, namely Israel, Vietnam, Malaysia, Thailand, India, Iraq, China, the United Arab Emirates, Saudi Arabia, Singapore, Kuwait and Yemen, represented more than two-thirds of total import. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 30% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +22.1%, recorded 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.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by 8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 9.2%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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