Asia-Pacific: Aluminum Market 2025

Aluminum Market Size in Asia-Pacific

The Asia-Pacific aluminum market amounted to $X in 2021, increasing by 2.9% against 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 remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Aluminum Production in Asia-Pacific

In value terms, aluminum production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Aluminum Exports

Exports in Asia-Pacific

For the sixth year in a row, Asia-Pacific recorded growth in overseas shipments of aluminum, which increased by 6.3% to X tons in 2021. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.7% against 2013 indices. The pace of growth was the most pronounced in 2016 when exports increased by 16% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, aluminum exports soared to $X in 2021. In general, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) represented the main exporter of aluminum, mixing up 37% of total exports. It was distantly followed by Malaysia (X tons), Australia (X tons), New Zealand (X tons) and South Korea (X tons), together comprising a 51% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and China (X tons) - each reached a 4.7% 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 India (with a CAGR of +26.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminum supplying countries in Asia-Pacific were India ($X), Australia ($X) and Malaysia ($X), together comprising 76% of total exports.

India, with a CAGR of +29.4%, recorded 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

In 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 41% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in New Zealand ($X per ton) and China ($X per ton), while Malaysia ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.1%), while the other leaders experienced more modest paces of growth.

Aluminum Imports

Imports in Asia-Pacific

In 2021, aluminum imports in Asia-Pacific totaled X tons, surging by 12% on the previous year's figure. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, aluminum imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Japan (X tons) were the major importers of aluminum in 2021, finishing at near 26% and 24% of total imports, respectively. South Korea (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (7.3%), Malaysia (7%), Taiwan (Chinese) (6.6%) and Vietnam (5.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminum importing markets in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), with a combined 66% share of total imports.

China, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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-Pacific amounted to $X per ton, surging by 37% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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