Eastern Asia: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Eastern Asia

The East Asian market for aluminium plates, sheets and strip of thickness over X mm contracted slightly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Eastern Asia

In value terms, production of aluminium plates, sheets and strip of thickness over X mm contracted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports in Eastern Asia

In 2022, overseas shipments of aluminium plates, sheets and strip of thickness over X mm increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in mm structure, finishing at X tons, which was near X% of total exports in 2022. South Korea (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of aluminium plates, sheets and strip of thickness over X mm. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium plate, sheet and strip of thickness over X mm supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in Eastern Asia

In 2022, overseas purchases of aluminium plates, sheets and strip of thickness over X mm increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm soared to $X in 2022. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Japan (X tons), constituting a X% share of total imports. The following importers - China (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

South Korea was also the fastest-growing in terms of the aluminium plates, sheets and strip of thickness over X mm imports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and China (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Hong Kong SAR and China saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest aluminium plate, sheet and strip of thickness over X mm importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), together comprising X% of total imports.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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