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Global Aluminium Market: Russia Could Lose Export Earnings, Europe to See Higher Prices

Aluminium
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Global Aluminium Market: Russia Could Lose Export Earnings, Europe to See Higher Prices

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IndexBox has just published a new report: ‘World – Aluminum – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global aluminium market will see significant changes this year. Due to sanction restrictions, many key importers may refuse purchases from Russia, which could result in global supply chain disruptions. Russia is the second-largest supplier in the global aluminium market, accounting for 11% of total supplies.

Approximately 78% of Russian aluminium exports are sent to ten countries, namely Turkey (20%), Japan (14%), China (10%), the Netherlands (9%), the U.S. (7%), Greece (5%), Chinese Taiwan (4%), Italy (3%), South Korea (3%), and Norway (3%). Financial and logistic sanctions posed on Russia amid its conflict with Ukraine could damage supply chains, leading to local metal shortages in European countries and the U.S. and higher aluminium prices. Russia may lose its share in global aluminium exports due to possible secondary sanctions on countries that will continue importing from the country. Competitors like Canada and India are also likely to attempt to drive out Russia from the market.


 

Russia’s Aluminium Exports

In 2021, the amount of aluminum exported from Russia soared to 4M tonnes, rising by 50% compared with the previous year. In value terms, supplies skyrocketed to $7.9B.

Turkey (807K tonnes), Japan (542K tonnes) and China (410K tonnes) were the main destinations of aluminum exports from Russia, with a combined 44% share of total volume. In value terms, Turkey ($1.5B), Japan ($1.1B) and China ($720M) constituted the largest markets for aluminum exported from Russia worldwide, together comprising 42% of total supplies.

In terms of the main countries of destination, China saw the highest growth rate of the value of exports in 2021. Supplies to China rose more than threefold, while shipments for the other leaders experienced more modest paces of growth.

Global Aluminium Exports in 2020

The amount of aluminium exported worldwide stood at 24M tonnes in 2020, increasing by 2.3% on the year before. In value terms, supplies amounted to $44.7B.

The shipments of the eight major exporters of aluminium, namely Canada (2.9M tonnes), Russia (2.7M tonnes), India (2.1M tonnes), the United Arab Emirates (2.0M tonnes), the Netherlands (1.9M tonnes), Malaysia (1.5M tonnes), Australia (1.4M tonnes) and Norway (1.3M tonnes), represented more than half of total supplies. The following exporters – South Africa (594K tonnes), Germany (482K tonnes), Saudi Arabia (476K tonnes), Bahrain (469K tonnes) and the U.S. (424K tonnes) – each finished at a 10% share of total volume.

In value terms, Canada ($5.4B), Russia ($4.2B) and India ($3.9B) were the countries with the highest levels of exports in 2020, with a combined 30% share of global supplies. The Netherlands, the United Arab Emirates, Norway, Malaysia, Australia, South Africa, Saudi Arabia, Germany, Bahrain and the U.S. lagged somewhat behind, comprising a further 43%.

Leading Aluminium Importers

In 2020, the U.S. (3.5M tonnes), followed by the Netherlands (2.2M tonnes), Japan (2.1M tonnes), Germany (1.9M tonnes), Malaysia (1.6M tonnes), South Korea (1.4M tonnes), and Turkey (1.2M tonnes) represented the major importers of aluminium, together mixing up 57% of total purchases. Italy (1,058K tonnes), Poland (675K tonnes), Spain (657K tonnes), Taiwan (Chinese) (602K tonnes), Thailand (583K tonnes) and Mexico (512K tonnes) followed a long way behind the leaders.

In value terms, the U.S. ($7B), the Netherlands ($4.1B) and Germany ($3.8B) constituted the countries with the highest levels of imports in 2020, with a combined 32% share of global supplies.

Source: IndexBox Platform

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Archives, Global Trade Daily, News

U.S. Imports of Aluminium Doors and Windows Rise Sharply to $870M

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IndexBox has just published a new report: ‘U.S. – Aluminium Doors, Thresholds For Doors And Windows – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

American imports of aluminium doors and windows spiked from $819M in 2019 to $870M in 2020. In physical terms, imports rose by +11% y-o-y to 143K tonnes. Colombia ($225M), Canada ($197M) and China ($178M) became the most significant suppliers regarding the value of exports to the U.S. In 2020, imports of aluminium doors and windows from Colombia and China soared by +10% y-o-y and +20% y-o-y, respectively, while shipments from Canada fell by -12% y-o-y. Thailand emerged as the fastest-growing supplier in 2020, increasing its shipments threefold against the previous year to $27.5M. 

American Imports of Aluminium Doors and Windows

In 2020, the quantity of aluminium doors, thresholds for doors and windows imported into the U.S. rose markedly to 143K tonnes, growing by +11% against the previous year. In value terms, aluminium window and door imports grew by +6.2% y-o-y to $870M (IndexBox estimates) in 2020.

In 2020, China (54K tonnes) constituted the largest aluminium window and door supplier to the U.S., with a 38% share of total imports. Moreover, aluminium window and door imports from China exceeded the figures recorded by the second-largest supplier, Colombia (27K tonnes), twofold. Canada (21K tonnes) ranked third in terms of total imports with a 15% share.

In value terms, the largest aluminium window and door suppliers to the U.S. were Colombia ($225M), Canada ($197M) and China ($178M), together comprising 69% of total imports. These countries were followed by Italy, Mexico, Thailand, Malaysia and Viet Nam, which together accounted for a further 17%.

The purchases from Colombia rose by +10% y-o-y in value terms, while imports from China increased by +20% y-o-y. The supplies from Canada dropped by -12% y-o-y in value terms. Among the leading suppliers, Thailand recorded the highest growth rate of the value of imports, while purchases for the other leaders experienced more modest paces of growth. Imports from Thailand increased from $8.5M in 2019 to $27.5M in 2020.

In 2020, the average aluminium window and door import price amounted to $6,072 per tonne, dropping by -4.3% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Italy ($11,744 per tonne), while the price for Viet Nam ($3,031 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other significant suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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China Sharply Reduces Aluminium Foil Exports to India

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IndexBox has just published a new report: ‘China – Aluminium Foil – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

China’s aluminium foil exports dropped by -4.9% to 1.2M tonnes. The supplies to South Korea, Thailand and India constitute 22% of China’s foil exports. India, the largest importer of Chinese foil, recorded the most remarkable reduction of purchases. The supplies from China to South Korea, Thailand and Indonesia grew slightly.

China’s Aluminium Foil Exports by Country

Aluminium foil exports from China fell to 1.2M tonnes in 2020, waning by -4.9% against 2019 figures. In value terms, aluminium foil exports dropped from $4B in 2019 to $3.8B (IndexBox estimates) in 2020.

India (98K tonnes), Thailand (97K tonnes) and South Korea (75K tonnes) were the main destinations of aluminium foil exports from China, with a combined 22% share of total exports. These countries were followed by Indonesia, Saudi Arabia, the United Arab Emirates, the U.S., Mexico, Japan, Viet Nam, Malaysia, Italy and Canada, which together accounted for a further 38%.

In value terms, South Korea ($354M), Thailand ($278M) and India ($261M) appeared to be the largest markets for aluminium foil exported from China worldwide, with a combined 23% share of total exports. Japan, the U.S., Indonesia, the United Arab Emirates, Saudi Arabia, Malaysia, Mexico, Viet Nam, Italy and Canada lagged somewhat behind, together accounting for a further 38%.

Among other countries, India saw the most remarkable reduction of supplies from China. In 2020, exports to India shrank by -29% y-o-y estimated in physical terms and by -30% y-o-y in value terms. By contrast, China’s exports to South Korea (+2% y-o-y), Thailand (+5% y-o-y) and Indonesia (+4% y-o-y) grew.

In 2020, the average aluminium foil export price amounted to $3,109 per tonne, almost unchanged from the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Japan, while the average price for exports to Saudi Arabia was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

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American Imports of Aluminium Plates, Sheets and Strips Drop to $2.5B

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IndexBox has just published a new report: ‘U.S. Aluminum Sheet, Plate, And Foil Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

In 2020, American imports of aluminium plates, sheets and strips slumped to 836K tonnes, reducing by -35.6% y-o-y. In value terms, they shrank from $4.2B to $2.5B over the last year. Canada, China and Saudi Arabia remain the largest suppliers of aluminium plates, sheets and strips to the U.S. In 2020, Thailand, Saudi Arabia and Canada managed to boost shipments to the American market, while other exporting countries experienced significant drops in supplies. The average import price for aluminium plates, sheets and strips in the U.S. decreased by -6% y-o-y to near $3,000 per tonne.


 

American Imports of Aluminium Plates, Sheets and Strips

In 2020, the amount of aluminium plates, sheets and strips of a thickness exceeding 0.2 mm imported into the U.S. shrank markedly to 836K tonnes, dropping by -35.6% compared with the previous year. In value terms, imports of aluminium plates, sheets and strips dropped remarkably from $4.2B to $2.5B (IndexBox estimates) in 2020.

Canada (131K tonnes), China (113K tonnes) and Saudi Arabia (93K tonnes) were the main suppliers of imports of aluminium plates, sheets and strips to the U.S., together comprising 40% of total imports. Oman, Germany, South Africa, Thailand, Turkey, South Korea, Austria, Taiwan (Chinese), the UK and Spain lagged somewhat behind, together accounting for a further 38%.

In 2020, amongst the key exporters, Thailand (+47% y-o-y), Saudi Arabia (+9.8% y-o-y), and Canada (+2.1% y-o-y) featured the most notable growth rate of supplies to the U.S. in physical terms, while imports from other countries went down.

In value terms, the largest aluminium plates, sheets and strips suppliers to the U.S. were Canada ($387M), China ($325M) and Saudi Arabia ($255M), with a combined 38% share of total imports. Germany, Oman, Austria, South Africa, Thailand, South Korea, Turkey, the UK, Taiwan (Chinese) and Spain lagged somewhat behind, together comprising a further 38%.

In 2020, the average import price for aluminium plates, sheets and strips amounted to $3,009 per tonne, falling by -6% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Austria ($4,416 per tonne), while the price for Oman ($2,437 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform