Macedonia: Aluminium Bar Market 2020

Aluminium Bar Market Size in Macedonia

The revenue of the aluminium bar market in Macedonia amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, aluminium bar consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, the aluminium bar market reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Aluminium Bar Production in Macedonia

In value terms, aluminium bar production amounted to $X in 2018 estimated in export prices. Over the period under review, aluminium bar production continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2011 when production volume increased by X% year-to-year. Macedonia aluminium bar production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Aluminium Bar Exports

Exports from Macedonia

In 2018, approx. X tons of aluminium bars, rods and profiles were exported from Macedonia; growing by X% against the previous year. In general, aluminium bar exports, however, continue to indicate a perceptible drop. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Macedonia exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, aluminium bar exports amounted to $X in 2018. Overall, aluminium bar exports, however, continue to indicate a deep curtailment. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, aluminium bar exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China (X tons) and Mozambique (X tons) represented roughly X% of total exports of aluminium bars, rods and profiles in 2018. Germany (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Spain (X%) and Italy (X%). Turkey (X tons), the U.S. (X tons), Austria (X tons), Greece (X tons), Belgium (X tons), the Netherlands (X tons) and Malaysia (X tons) occupied a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mozambique (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Mozambique ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

Among the main exporting countries, Mozambique (+X% per year) experienced the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The aluminium bar export price in Macedonia stood at $X per ton in 2018, going up by X% against the previous year. In general, the aluminium bar export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2011 when the export price increased by X% against the previous year. Macedonia export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Macedonia

In 2018, the aluminium bar imports into Macedonia stood at X tons, growing by X% against the previous year. Overall, the total imports indicated a resilient expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aluminium bar imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, aluminium bar imports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, aluminium bar imports totaled $X in 2018. Overall, the total imports indicated a prominent expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aluminium bar imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Macedonia imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Germany (X tons), distantly followed by France (X tons) and the U.S. (X tons) represented the largest importers of aluminium bars, rods and profiles, together creating X% of total imports. The UK (X tons), Spain (X tons), Belgium (X tons), Mexico (X tons), the Czech Republic (X tons), Vietnam (X tons), the Netherlands (X tons), Poland (X tons) and Austria (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), Spain (+X%), Mexico (+X%), Poland (+X%), the Czech Republic (+X%) and Austria (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. The U.S., France, the Netherlands, the UK and Belgium experienced a relatively flat trend pattern. Germany (+X p.p.), Vietnam (+X p.p.), Spain (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aluminium bar importing markets into Macedonia were Germany ($X), France ($X) and the U.S. ($X), with a combined X% share of total imports. These countries were followed by the UK, the Czech Republic, the Netherlands, Poland, Mexico, Belgium, Austria, Spain, Vietnam and Macedonia, which together accounted for a further X terms of the main importing countries, Vietnam experienced the highest rates of growth with regard to market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The aluminium bar import price in Macedonia stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the aluminium bar import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. In that year, the import prices for aluminium bars, rods and profiles reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for aluminium bars, rods and profiles remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform