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U.S. Secondary Aluminum Market. Analysis And Forecast to 2030
Report Update: May 1, 2024

U.S. Secondary Aluminum Market. Analysis And Forecast to 2030

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Article Publishing Date: May 3, 2023

US Secondary Aluminum Prices Moderately Increase to $3,128/Ton

U.S. Secondary Aluminum Import Price in February 2023

In February 2023, the secondary aluminum price amounted to $3,128 per ton (CIF, US), rising by 7.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 an increase of 10% m-o-m. As a result, import price reached the peak level of $4,033 per ton. From June 2022 to February 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In February 2023, the highest price was recorded for prices from Australia ($3,325 per ton) and Canada ($3,319 per ton), while the price for India ($2,522 per ton) and Bahrain ($2,632 per ton) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Qatar (+0.0%), while the prices for the other major suppliers experienced a decline.

COUNTRYImport Price of Secondary Aluminum in U.S. (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Australia3,4763,4983,8504,1714,0044,3213,9953,3403,4413,1183,1703,1143,325
Canada3,9034,0844,4814,3883,9063,6853,2703,2583,1282,9192,9563,0243,319
Qatar3,1283,1952,4153,5392,6933,6073,5043,4263,2083,3122,8592,8103,146
Mexico3,3103,7794,1494,0143,5803,0952,9562,7472,5852,5662,6842,8862,970
United Arab Emirates3,3393,6013,9334,2554,0953,7973,5623,2403,1182,8912,8462,8672,927
SwedenN/AN/A41,67144,883N/A2,6572,525N/AN/A2,346N/AN/A2,828
Bahrain3,6193,2693,8363,9483,8843,8253,9933,0232,8123,5902,6602,5872,632
India3,2553,0873,3323,6793,9073,7303,1193,0402,6912,5842,4722,4362,522
South KoreaN/A2,7522,9523,4813,3453,7173,3653,0752,9622,9452,6532,711N/A
Russia2,8392,7022,7882,6823,2583,0392,781N/AN/A2,5912,4282,610N/A
Average3,4903,5223,6574,0333,7893,6413,3333,2173,1112,9412,8522,9153,128

U.S. Secondary Aluminum Imports

In February 2023, imports of secondary aluminum into the United States fell to 57K tons, waning by -9% compared with the previous month's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 62% m-o-m.

In value terms, secondary aluminum imports reduced modestly to $178M (IndexBox estimates) in February 2023. In general, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in March 2022 when imports increased by 63% month-to-month.

U.S. Secondary Aluminum Imports by Country

Canada (21K tons), the United Arab Emirates (12K tons) and Qatar (11K tons) were the main suppliers of secondary aluminum imports to the United States, together comprising 78% of total imports. Bahrain, Mexico, India, Sweden and Australia lagged somewhat behind, together accounting for a further 20%.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +139.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest secondary aluminum suppliers to the United States were Canada ($70M), the United Arab Emirates ($36M) and Qatar ($34M), with a combined 79% share of total imports. These countries were followed by Bahrain, Mexico, Sweden, India and Australia, which together accounted for a further 17%.

In terms of the main suppliers, Sweden, with a CAGR of +83.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the secondary aluminum market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • NAICS 331314 - Secondary smelting and alloying of aluminum

Companies mentioned:

  • Smelter Service Corp.
  • J.L. French Automotive Castings
  • Ffs Incorporated
  • Trialco
  • Tst Inc.
  • Ohio Valley Aluminum Company
  • Metal Powder Products
  • Allied Metal Co.
  • Tower Extrusions
  • Srt Investments
  • Blue Ridge Metals Corporation
  • Scepter
  • C-Koe Metals
  • Joe W Morgan
  • Ampal
  • Interlock Industries
  • Audubon Metals
  • Thorock Metals
  • Superior Aluminum Alloys
  • R Lavin & Son IncRecycling Services of Indiana
  • Eccomelt, Imco Recycling of Loudon Inc
  • Spectro Alloys Corporation
  • Texas Tst
  • Tower Metal Products L.P.
  • Gnw Aluminum
  • Metalico Aluminum Recovery
  • Stiefel Aluminum
  • Kentucky Smelting Technology
  • Imco Recycling of Ohio
  • Quality Molded
  • Century Aluminum of South Carolina

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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