Eastern Asia: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Eastern Asia

The East Asian unwrought aluminium alloys market totaled $X in 2020, growing by X% against the previous year. Over the period under review, consumption saw a modest expansion. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Unwrought Aluminium Alloys Production in Eastern Asia

In value terms, unwrought aluminium alloys production expanded notably to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Production By Country in Eastern Asia

China (X tons) constituted the country with the largest volume of unwrought aluminium alloys production, accounting for X% of total volume. Moreover, unwrought aluminium alloys production in China exceeded the figures recorded by the second-largest producer, South Korea (X tons), tenfold. Democratic People's Republic of Korea (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: South Korea (+X% per year) and Democratic People's Republic of Korea (-X% per year).

Unwrought Aluminium Alloys Exports

Exports in Eastern Asia

In 2020, shipments abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth exports remained at a lower figure.

In value terms, unwrought aluminium alloys exports shrank markedly to $X in 2020. Over the period under review, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, South Korea (X tons) represented the major exporter of unwrought aluminium alloys, constituting X% of total exports. It was distantly followed by China (X tons), comprising a X% share of total exports. Japan (X tons) held a relatively small share of total exports.

From 2007 to 2020, the biggest increases were in South Korea, while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest unwrought aluminium alloys supplying countries in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, South Korea saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The unwrought aluminium alloys export price in Eastern Asia stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2010 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the export price figures.

Unwrought Aluminium Alloys Imports

Imports in Eastern Asia

Unwrought aluminium alloys imports skyrocketed to X tons in 2020, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is expected to retain growth in the near future.

In value terms, unwrought aluminium alloys imports totaled $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) and Japan (X tons) represented the main importers of unwrought aluminium alloys in Eastern Asia, together generating X% of total imports. It was distantly followed by South Korea (X tons), making up a X% share of total imports.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest unwrought aluminium alloys importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main importing countries, China 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 mixed trends in the imports figures.

Import Prices by Country

In 2020, the unwrought aluminium alloys import price in Eastern Asia amounted to $X per ton, falling by -X% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2010 when the import price increased by X% year-to-year. Over the period under review, import prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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