Australia and Oceania: Aluminium Market 2024

Aluminium Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the aluminium market in Australia and Oceania, when its value decreased by -5.5% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Aluminium Production in Australia and Oceania

In value terms, aluminium production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Aluminium Exports

Exports in Australia and Oceania

In 2022, the amount of aluminum (unwrought, not alloyed) exported in Australia and Oceania rose sharply to X tons, surging by 10% on 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, aluminium exports soared to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Australia was the main exporter of aluminum (unwrought, not alloyed) in Australia and Oceania, with the volume of exports recording X tons, which was approx. 77% of total exports in 2022. It was distantly followed by New Zealand (X tons), achieving a 23% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of aluminum (unwrought, not alloyed). New Zealand experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest aluminium supplier in Australia and Oceania, comprising 77% of total exports. The second position in the ranking was held by New Zealand ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +2.4%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by 9.2% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium export price increased by +59.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 46%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.2%).

Aluminium Imports

Imports in Australia and Oceania

After four years of growth, supplies from abroad of aluminum (unwrought, not alloyed) decreased by -11.1% to X tons in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 126% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aluminium imports shrank sharply to $X in 2022. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 144% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of aluminium imports in 2022 were Australia (X tons), together recording 99% of total import.

Australia was also the fastest-growing in terms of the aluminum (unwrought, not alloyed) imports, with a CAGR of +5.1% from 2012 to 2022. Australia (+87 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported aluminum (unwrought, not alloyed) in Australia and Oceania.

In Australia, aluminium imports increased at an average annual rate of +3.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, reducing by -5.9% against the previous year. In general, the import price, however, showed a slight increase. The pace of growth was the most pronounced in 2018 when the import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -1.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :