Overview of the Global Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

After two years of growth, the global market for aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2022, and then shrank modestly in the following year.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm expanded modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

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

Exports

In 2023, overseas shipments of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, total exports indicated a notable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at X tons in 2022, and then dropped in the following year.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm contracted notably to $X in 2023. Over the period under review, total exports indicated a notable expansion from 2012 to 2023: 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 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The global exports peaked at $X in 2022, and then contracted significantly in the following year.

Exports by Country

In 2023, China (X tons), distantly followed by Germany (X tons), South Korea (X tons), the United States (X tons) and France (X tons) were the major exporters of aluminium alloy plates, sheets and strip of thickness over X mm, together mixing up X% of total exports. Switzerland (X tons), Greece (X tons), Italy (X tons), Belgium (X tons), Austria (X tons), Thailand (X tons), Spain (X tons) and Saudi Arabia (X tons) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of global exports. South Korea, France, Greece, Italy, Switzerland, Belgium, Austria, Spain, Thailand and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest growth rate of 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 export price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other global leaders experienced more modest paces of growth.

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

Imports

After two years of growth, supplies from abroad of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons in 2023. Overall, total imports indicated temperate growth from 2012 to 2023: 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at X tons in 2022, and then reduced in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm shrank rapidly to $X in 2023. In general, total imports indicated a perceptible increase from 2012 to 2023: 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 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at $X in 2022, and then shrank sharply in the following year.

Imports by Country

The purchases of the twelve major importers of aluminium alloy plates, sheets and strip of thickness over X mm, namely the United States, Germany, Mexico, Canada, the UK, France, Vietnam, Poland, Spain, China, South Korea and Italy, represented more than half of total import. Austria (X tons) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Mexico ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of global imports. Canada, the UK, France, Poland, Vietnam, South Korea, Spain, Italy, China and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Global import price peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Italy ($X per ton) and France ($X per ton), while Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform