Northern America: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Northern America

The North American non-alloy aluminium bar market expanded slightly to $X in 2021, picking up by 3.1% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Alloy Aluminium Bar Production in Northern America

In value terms, non-alloy aluminium bar production rose slightly to $X in 2021 estimated in export price. The total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Non-Alloy Aluminium Bar Exports

Exports in Northern America

In 2021, shipments abroad of non-alloy aluminium bars, rods and profiles increased by 67% to X tons, rising for the second consecutive year after five years of decline. Overall, exports, however, faced a abrupt decrease. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-alloy aluminium bar exports surged to $X in 2021. In general, exports, however, saw a deep slump. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the main exporter of non-alloy aluminium bars, rods and profiles in Northern America, with the volume of exports accounting for X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Canada (X tons), comprising a 13% share of total exports.

The United States was also the fastest-growing in terms of the non-alloy aluminium bars, rods and profiles exports, with a CAGR of -8.7% from 2012 to 2021. Canada (-27.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +40 percentage points.

In value terms, the United States ($X) remains the largest non-alloy aluminium bar supplier in Northern America, comprising 89% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports.

In the United States, non-alloy aluminium bar exports contracted by an average annual rate of -6.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, declining by -15.2% against the previous year. In general, the export price, however, posted notable growth. The most prominent rate of growth was recorded in 2019 when the export price increased by 66% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.3%).

Non-Alloy Aluminium Bar Imports

Imports in Northern America

In 2021, purchases abroad of non-alloy aluminium bars, rods and profiles increased by 37% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a abrupt decline. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, non-alloy aluminium bar imports soared to $X in 2021. In general, imports, however, showed a abrupt contraction. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the key importer of non-alloy aluminium bars, rods and profiles, making up 62% of total imports. It was distantly followed by the United States (X tons), constituting a 38% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +11.6%).

In value terms, the largest non-alloy aluminium bar importing markets in Northern America were Canada ($X) and the United States ($X).

Among the main importing countries, Canada, with a CAGR of +9.9%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 8.4% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.8% 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 decreased by -0.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.2%).

Source: IndexBox Platform

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