China: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in China

The Chinese unwrought aluminium alloys market surged to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Unwrought Aluminium Alloys Production in China

In value terms, unwrought aluminium alloys production rose markedly to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Unwrought Aluminium Alloys Exports

Exports from China

In 2020, exports of unwrought aluminium alloys from China declined notably to X tons, reducing by -X% on 2019 figures. Over the period under review, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, unwrought aluminium alloys exports declined significantly to $X in 2020. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for unwrought aluminium alloys exports from China, accounting for a X% share of total exports. Moreover, unwrought aluminium alloys exports to Japan exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Vietnam (+X% per year).

In value terms, Japan ($X) remains the key foreign market for unwrought aluminium alloys exports from China, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2020, the average unwrought aluminium alloys export price amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price showed a slight setback. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the countries with the highest prices were Malaysia ($X per ton) and Morocco ($X per ton), while the average price for exports to Vietnam ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into China

In 2020, supplies from abroad of unwrought aluminium alloys increased by X% to X tons, rising for the fourth year in a row after four years of decline. Overall, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unwrought aluminium alloys imports skyrocketed to $X in 2020. In general, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), South Korea (X tons) and Vietnam (X tons) were the main suppliers of unwrought aluminium alloys imports to China, with a combined X% share of total imports. These countries were followed by Italy, Thailand, Indonesia, India, Russia, Taiwan (Chinese), Spain and Nigeria, which together accounted for a further X 2007 to 2020, the biggest increases were in Italy (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), South Korea ($X) and Vietnam ($X) constituted the largest unwrought aluminium alloys suppliers to China, with a combined X% share of total imports. These countries were followed by Thailand, Italy, Indonesia, India, Russia, Taiwan (Chinese), Spain and Nigeria, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum 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 Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton), while the price for Nigeria ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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