Canada: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Canada

In 2020, the Canadian unwrought aluminium alloys market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Unwrought Aluminium Alloys Production in Canada

In value terms, unwrought aluminium alloys production shrank to $X in 2020 estimated in export prices. Overall, production saw a noticeable reduction. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Unwrought aluminium alloys production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Unwrought Aluminium Alloys Exports

Exports from Canada

In 2020, overseas shipments of unwrought aluminium alloys decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, exports showed a mild slump. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, unwrought aluminium alloys exports contracted remarkably to $X in 2020. In general, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X tons) was the main destination for unwrought aluminium alloys exports from Canada, with a X% share of total exports. Moreover, unwrought aluminium alloys exports to the U.S. exceeded the volume sent to the second major destination, Mexico (X tons), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. stood at -X%.

In value terms, the U.S. ($X) remains the key foreign market for unwrought aluminium alloys exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. amounted to -X%.

Export Prices by Country

In 2020, the average unwrought aluminium alloys export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Mexico stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Unwrought Aluminium Alloys Imports

Imports into Canada

In 2020, overseas purchases of unwrought aluminium alloys decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked at X tons in 2019, and then shrank remarkably in the following year.

In value terms, unwrought aluminium alloys imports dropped sharply to $X in 2020. Over the period under review, imports saw a perceptible descent. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest unwrought aluminium alloys supplier to Canada, accounting for a X% share of total imports. Moreover, unwrought aluminium alloys imports from the U.S. exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. The third position in this ranking was occupied by Russia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Russia (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of unwrought aluminium alloys to Canada, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Russia (+X% per year).

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, remaining stable against the previous year. Over the period under review, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from the U.S. ($X per ton) and Australia ($X per ton), while the price for Turkey ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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