China: Aluminium Bar Market 2024

Aluminium Bar Market Size in China

The Chinese aluminium bar market fell to $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Aluminium Bar Production in China

In value terms, aluminium bar production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 22%. Aluminium bar production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aluminium Bar Exports

Exports from China

In 2021, approx. X tons of aluminium bars, rods and profiles were exported from China; with an increase of 6.5% on 2020. Overall, total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 40%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, aluminium bar exports soared to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 41% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), the Philippines (X tons) and Nigeria (X tons) were the main destinations of aluminium bar exports from China, together comprising 20% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +30.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Australia ($X) constituted the largest markets for aluminium bar exported from China worldwide, with a combined 19% share of total exports.

Vietnam, with a CAGR of +29.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium bar export price stood at $X per ton in 2021, with an increase of 25% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Australia ($X per ton) and Thailand ($X per ton), while the average price for exports to Nigeria ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into China

In 2021, the amount of aluminium bars, rods and profiles imported into China surged to X tons, rising by 42% against 2020. Over the period under review, imports, however, continue to indicate a perceptible curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of aluminium bar imports to China, with a combined 53% share of total imports. These countries were followed by South Korea, Germany, Thailand, Canada, Singapore and Qatar, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +50.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar suppliers to China were the United States ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 60% of total imports. These countries were followed by Germany, South Korea, Thailand, Canada, Singapore and Qatar, which together accounted for a further 26%.

Among the main suppliers, Thailand, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, which is down by -9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2013 when the average import price increased by 10% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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