Chile: Aluminium Bar Market 2024

Aluminium Bar Market Size in Chile

The Chilean aluminium bar market soared to $X in 2021, surging by 57% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Aluminium Bar Production in Chile

In value terms, aluminium bar production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a deep setback. Aluminium bar production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Aluminium Bar Exports

Exports from Chile

After three years of growth, shipments abroad of aluminium bars, rods and profiles decreased by -18.6% to X tons in 2021. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 157% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, aluminium bar exports declined to $X in 2021. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 81%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), China (X tons) and India (X tons) were the main destinations of aluminium bar exports from Chile, with a combined 38% share of total exports. Colombia, Argentina, Japan, Peru, Venezuela, the United Arab Emirates, South Africa, the Netherlands and Honduras lagged somewhat behind, together comprising a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Venezuela ($X) and Colombia ($X) appeared to be the largest markets for aluminium bar exported from Chile worldwide, together accounting for 43% of total exports. Peru, China, India, Japan, Malaysia, the Netherlands, the United Arab Emirates, South Africa and Honduras lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +18.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aluminium bar export price amounted to $X per ton, picking up by 14% against the previous year. In general, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 34%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Venezuela ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Chile

In 2021, overseas purchases of aluminium bars, rods and profiles were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 75%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium bar imports soared to $X in 2021. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main aluminium bar supplier to Chile, accounting for a 92% share of total imports. It was followed by Brazil (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +3.7%.

In value terms, China ($X) constituted the largest supplier of aluminium bars, rods and profiles to Chile, comprising 87% of total imports. The second position in the ranking was held by Brazil ($X), with a 2.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.0%.

Import Prices by Country

In 2021, the average aluminium bar import price amounted to $X per ton, surging by 28% against the previous year. Over the last nine years, 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 origin: the country with the highest price was Brazil ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :