Asia: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Asia

The Asian market for aluminium plates, sheets and strip of thickness over X mm contracted to $X in 2022, falling by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Asia

In value terms, production of aluminium plates, sheets and strip of thickness over X mm dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports in Asia

In 2022, shipments abroad of aluminium plates, sheets and strip of thickness over X mm increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm skyrocketed to $X in 2022. Over the period under review, exports saw a slight increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporter of aluminium plates, sheets and strip of thickness over X mm in Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), mixing up a X% share of total exports. The United Arab Emirates (X tons), Malaysia (X tons), South Korea (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of aluminium plates, sheets and strip of thickness over X mm. At the same time, the United Arab Emirates (X%), Malaysia (X%), Singapore (X%), Turkey (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. Turkey (X p.p.), the United Arab Emirates (X p.p.), Malaysia (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium plate, sheet and strip of thickness over X mm supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In China, exports of aluminium plates, sheets and strip of thickness over X mm increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in Asia

In 2022, supplies from abroad of aluminium plates, sheets and strip of thickness over X mm increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

South Korea (X tons) and the United Arab Emirates (X tons) represented the key importers of aluminium plates, sheets and strip of thickness over X mm in 2022, reaching approx. X% and X% of total imports, respectively. Japan (X tons) held the next position in the ranking, followed by Thailand (X tons), India (X tons), Indonesia (X tons) and Malaysia (X tons). All these countries together took near X% share of total imports. Turkey (X tons), Singapore (X tons), Iraq (X tons), Vietnam (X tons), Saudi Arabia (X tons) and Qatar (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium plate, sheet and strip of thickness over X mm importing markets in Asia were South Korea ($X), the United Arab Emirates ($X) and Japan ($X), with a combined X% share of total imports.

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the import price in Asia amounted to $X per ton, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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