Aluminium Plate, Sheet and Strip of Thickness over 0.2 mm Market

The global market for aluminium plates, sheets, and strip of thickness over 0.2 mm is forecasted to experience growth in both volume and value from 2022 to 2030. Consumption, production, imports, and exports are all expected to increase, with key countries such as China, the United States, India, Germany, and South Korea playing significant roles. Market performance is anticipated to accelerate, with consumption and production showing positive trends after a period of decline. Imports and exports are also expected to rise, with China being a major player in both categories. Overall, the market for aluminium plates, sheets, and strip is projected to expand over the next decade, driven by increased demand and growth in key markets.

Market Forecast

Driven by increasing demand for aluminium plates, sheets and strip of thickness over 0.2 mm worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 9.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $44.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

In 2022, consumption of aluminium plates, sheets and strip of thickness over 0.2 mm was finally on the rise to reach 7.7M tons after three years of decline. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the consumption volume increased by 7.2%. Global consumption peaked at 9.4M tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The value of the market for aluminium plates, sheets and strip of thickness over 0.2 mm worldwide reduced slightly to $31.4B in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market reached the peak level at $35.9B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of consumption of aluminium plates, sheets and strip of thickness over 0.2 mm was China (1.8M tons), comprising approx. 24% of total volume. Moreover, consumption of aluminium plates, sheets and strip of thickness over 0.2 mm in China exceeded the figures recorded by the second-largest consumer, the United States (863K tons), twofold. The third position in this ranking was taken by India (775K tons), with a 10% share.

In China, consumption of aluminium plates, sheets and strip of thickness over 0.2 mm increased at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+3.9% per year) and India (+2.5% per year).

In value terms, the largest aluminium plate, sheet and strip of thickness over 0.2 mm markets worldwide were Turkey ($5.2B), China ($4.8B) and the United States ($4.4B), together accounting for 46% of the global market. Japan, India, Russia, Indonesia, South Korea, Canada, Germany, Democratic Republic of the Congo and the UK lagged somewhat behind, together accounting for a further 32%.

Among the main consuming countries, Democratic Republic of the Congo, with a CAGR of +6.4%, recorded the highest rates of growth with regard to market size over the period under review, while mm for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of aluminium plate, sheet and strip of thickness over 0.2 mm per capita consumption in 2022 were Germany (4.4 kg per person), South Korea (3.8 kg per person) and the UK (3.7 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of mm, amongst the key consuming countries, was attained by South Korea (with a CAGR of +3.5%), while mm for the other global leaders experienced more modest paces of growth.

Production

World Production of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

In 2022, production of aluminium plates, sheets and strip of thickness over 0.2 mm increased by 2.5% to 7.7M tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 7.6% against the previous year. Global production peaked at 9.5M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, production of aluminium plates, sheets and strip of thickness over 0.2 mm contracted to $32B in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 26% against the previous year. Over the period under review, global production of reached the peak level at $51.8B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of production of aluminium plates, sheets and strip of thickness over 0.2 mm was China (2.3M tons), comprising approx. 30% of total volume. Moreover, production of aluminium plates, sheets and strip of thickness over 0.2 mm in China exceeded the figures recorded by the second-largest producer, the United States (810K tons), threefold. India (750K tons) ranked third in terms of total production with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +1.9%. In the other countries, the average annual rates were as follows: the United States (+4.1% per year) and India (+2.3% per year).

Imports

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

In 2022, purchases abroad of aluminium plates, sheets and strip of thickness over 0.2 mm increased by 5.2% to 1.2M tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, imports attained the peak of 1.5M tons. From 2019 to 2022, the growth of global imports of failed to regain momentum.

In value terms, imports of aluminium plates, sheets and strip of thickness over 0.2 mm soared to $4.7B in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, Germany (113K tons), South Korea (93K tons), the Netherlands (73K tons), the United States (65K tons), France (50K tons), Italy (45K tons), Japan (43K tons), Poland (43K tons), Thailand (35K tons), India (33K tons), the United Arab Emirates (30K tons) and Indonesia (30K tons) was the major importer of aluminium plates, sheets and strip of thickness over 0.2 mm in the world, generating 56% of total import. Spain (30K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +12.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium plate, sheet and strip of thickness over 0.2 mm importing markets worldwide were Germany ($481M), the Netherlands ($349M) and South Korea ($321M), with a combined 24% share of global imports.

South Korea, with a CAGR of +14.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for aluminium plates, sheets and strip of thickness over 0.2 mm amounted to $4,062 per ton, increasing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 26%. Global import price peaked in 2022 and is likely to see gradual 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 the Netherlands ($4,750 per ton), while Indonesia ($3,114 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the other global leaders experienced more modest paces of growth.

Exports

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

In 2022, overseas shipments of aluminium plates, sheets and strip of thickness over 0.2 mm increased by 0.6% to 1.1M tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 37%. As a result, the exports reached the peak of 1.7M tons. From 2019 to 2022, the growth of the global exports of remained at a lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness over 0.2 mm rose rapidly to $4.6B in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. Over the period under review, the global exports of attained the maximum at $5.8B in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, China (509K tons) was the key exporter of aluminium plates, sheets and strip of thickness over 0.2 mm, mixing up 45% of total exports. Turkey (104K tons) took the second position in the ranking, followed by Norway (57K tons). All these countries together took near 14% share of total exports. Germany (49K tons), the UK (40K tons), Italy (33K tons), the Netherlands (30K tons), Egypt (30K tons), Malaysia (27K tons), Spain (20K tons) and Austria (18K tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of aluminium plates, sheets and strip of thickness over 0.2 mm. At the same time, Egypt (+68.9%), Malaysia (+51.0%), Spain (+16.4%) and Turkey (+5.2%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +68.9% from 2012-2022. Norway and Italy experienced a relatively flat trend pattern. By contrast, the Netherlands (-3.5%), Austria (-4.2%), the UK (-7.8%) and Germany (-15.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Turkey, Egypt and Malaysia increased by +11, +4.8, +2.6 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.7B) remains the largest aluminium plate, sheet and strip of thickness over 0.2 mm supplier worldwide, comprising 36% of global exports. The second position in the ranking was held by Turkey ($446M), with a 9.8% share of global exports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +1.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+9.3% per year) and Germany (-12.1% per year).

Export Prices By Country

In 2022, the average export price for aluminium plates, sheets and strip of thickness over 0.2 mm amounted to $3,993 per ton, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 30%. The global export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($5,692 per ton), while Malaysia ($2,131 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform