Asia: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Asia

The Asian unwrought aluminium alloys market rose slightly to $X in 2020, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Unwrought Aluminium Alloys Production in Asia

In value terms, unwrought aluminium alloys production reduced modestly to $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Production By Country in Asia

China (X tons) constituted the country with the largest volume of unwrought aluminium alloys production, comprising approx. X% of total volume. Moreover, unwrought aluminium alloys production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was occupied by the United Arab Emirates (X tons), with a X% share.

In China, unwrought aluminium alloys production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and the United Arab Emirates (+X% per year).

Unwrought Aluminium Alloys Exports

Exports in Asia

In 2020, after seven years of growth, there was decline in shipments abroad of unwrought aluminium alloys, when their volume decreased by -X% to X tons. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2019, and then contracted slightly in the following year.

In value terms, unwrought aluminium alloys exports shrank to $X in 2020. Overall, exports, however, posted moderate growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates represented the largest exporter of unwrought aluminium alloys in Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2020. Malaysia (X tons) took the second position in the ranking, followed by Bahrain (X tons), South Korea (X tons), India (X tons), Vietnam (X tons) and China (X tons). All these countries together took near X% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Vietnam, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest unwrought aluminium alloys supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the United Arab Emirates stood at +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Bahrain (+X% per year).

Export Prices by Country

The unwrought aluminium alloys export price in Asia stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, export prices reached the peak figure at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Vietnam ($X per ton), while Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain, while the other leaders experienced a decline in the export price figures.

Unwrought Aluminium Alloys Imports

Imports in Asia

In 2020, unwrought aluminium alloys imports in Asia rose notably to X tons, increasing by X% on the previous year. Total imports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The volume of import peaked in 2020 and is expected to retain growth in the near future.

In value terms, unwrought aluminium alloys imports contracted slightly to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) and Japan (X tons) represented the major importers of unwrought aluminium alloys in Asia, together achieving X% of total imports. Turkey (X tons) took the next position in the ranking, followed by South Korea (X tons), Thailand (X tons) and Vietnam (X tons). All these countries together held near X% share of total imports. Indonesia (X tons) took a little share of total imports.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Turkey ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

China saw the highest growth rate of the value of imports, among 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

The unwrought aluminium alloys import price in Asia stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Vietnam ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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