Chile: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Chile

The Chilean non-alloy aluminium bar market rose rapidly to $X in 2021, picking up by 10% against the previous year. Overall, consumption, however, showed a noticeable downturn. Non-alloy aluminium bar consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Non-Alloy Aluminium Bar Production in Chile

In value terms, non-alloy aluminium bar production rose sharply to $X in 2021 estimated in export price. In general, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Non-Alloy Aluminium Bar Exports

Exports from Chile

In 2021, exports of non-alloy aluminium bars, rods and profiles from Chile dropped significantly to X tons, shrinking by -41.7% on the previous year's figure. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 76% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, non-alloy aluminium bar exports fell to $X in 2021. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 129%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for non-alloy aluminium bar exports from Chile, with a 44% share of total exports. Moreover, non-alloy aluminium bar exports to the United Arab Emirates exceeded the volume sent to the second major destination, Panama (X tons), twofold. The third position in this ranking was taken by Mexico (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at -37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+32.0% per year) and Mexico (-9.0% per year).

In value terms, the United Arab Emirates ($X), Argentina ($X) and Panama ($X) were the largest markets for non-alloy aluminium bar exported from Chile worldwide, with a combined 66% share of total exports.

Among the main countries of destination, Argentina, with a CAGR of +57.7%, 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 non-alloy aluminium bar export price amounted to $X per ton, picking up by 71% against the previous year. Over the period under review, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Aluminium Bar Imports

Imports into Chile

In 2021, overseas purchases of non-alloy aluminium bars, rods and profiles were finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of 99% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-alloy aluminium bar imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt contraction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-alloy aluminium bar to Chile, with a 58% share of total imports. Moreover, non-alloy aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Spain (X tons), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+49.6% per year) and Spain (-4.9% per year).

In value terms, China ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Chile, comprising 51% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+45.6% per year) and Spain (-6.3% per year).

Import Prices by Country

The average non-alloy aluminium bar import price stood at $X per ton in 2021, rising by 7.1% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-alloy aluminium bar import price increased by +30.3% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 64%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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