Global Aluminium Alloy Wire Market 2025

Aluminium Alloy Wire Market Size

The global aluminium alloy wire market shrank to $X in 2022, remaining constant against the previous year. In general, consumption continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 3.3% against the previous year. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aluminium Alloy Wire Production

In value terms, aluminium alloy wire production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 3.7%. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aluminium Alloy Wire Exports

Exports

In 2022, the amount of aluminium alloy wire exported worldwide declined to X tons, which is down by -1.7% on the previous year. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X tons, and then declined slightly in the following year.

In value terms, aluminium alloy wire exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Canada (X tons), followed by China (X tons), Bahrain (X tons), Spain (X tons), Malaysia (X tons), France (X tons) and Austria (X tons) represented the key exporters of aluminium alloy wire, together creating 59% of total exports. The United States (X tons), Egypt (X tons), the Netherlands (X tons), Japan (X tons), India (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +39.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X), China ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 36% of global exports. France, the United States, Malaysia, Bahrain, the Netherlands, Egypt, Japan, Hungary, India and Austria lagged somewhat behind, together accounting for a further 39%.

Austria, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium alloy wire export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2021 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.8%), while the other global leaders experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports

In 2022, purchases abroad of aluminium alloy wire decreased by -1.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Global imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium alloy wire imports soared to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons), distantly followed by France (X tons), Cambodia (X tons) and Germany (X tons) represented the major importers of aluminium alloy wire, together achieving 32% of total imports. The following importers - Tanzania (X tons), Finland (X tons), Malaysia (X tons), Italy (X tons), China (X tons), Turkey (X tons), Brazil (X tons), Japan (X tons) and Spain (X tons) - together made up 27% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of aluminium alloy wire. At the same time, Cambodia (+47.6%), Finland (+22.3%), Tanzania (+19.7%), Japan (+15.6%), France (+12.1%), China (+7.8%), Turkey (+5.7%), Malaysia (+5.2%) and Spain (+1.4%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in the world, with a CAGR of +47.6% from 2012-2022. By contrast, Brazil (-6.2%), Germany (-8.6%) and Italy (-9.9%) illustrated a downward trend over the same period. While the share of Cambodia (+4.7 p.p.), France (+3.4 p.p.), Tanzania (+3.3 p.p.), Finland (+3.2 p.p.), Japan (+1.8 p.p.), the United States (+1.8 p.p.) and China (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (-1.9 p.p.), Italy (-5.2 p.p.) and Germany (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported aluminium alloy wire worldwide, comprising 19% of global imports. The second position in the ranking was taken by France ($X), with an 8.6% share of global imports. It was followed by China, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +4.1%. In the other countries, the average annual rates were as follows: France (+17.6% per year) and China (+7.4% per year).

Import Prices by Country

The average aluminium alloy wire import price stood at $X per ton in 2022, with an increase of 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue 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 France ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform