Asia: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

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

The Asian market for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X in 2023, increasing by X% against the previous year. 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. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm expanded rapidly to $X in 2023 estimated in export price. The total production indicated buoyant growth from 2012 to 2023: its value 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. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained 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 Asia

After two years of growth, shipments abroad of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons in 2023. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2022, and then dropped remarkably in the following year.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm reduced notably to $X in 2023. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced notably in the following year.

Exports by Country

China was the key exporter of aluminium alloy plates, sheets and strip of thickness over X mm in Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by South Korea (X tons), making up a X% share of total exports. The following exporters - Thailand (X tons), Saudi Arabia (X tons), Bahrain (X tons), Turkey (X tons), Japan (X tons) and Oman (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to aluminium alloy plate, sheet and strip of thickness over X mm exports from China stood at X%. At the same time, Saudi Arabia (X%), Thailand (X%), Oman (X%), Bahrain (X%), South Korea (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.), Thailand (X p.p.), Saudi Arabia (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey, South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Saudi Arabia ($X per ton) and Japan ($X per ton), while China ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

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

Imports in Asia

In 2023, purchases abroad of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2022, and then contracted in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm reduced remarkably to $X in 2023. Total imports indicated a tangible increase from 2012 to 2023: its value 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. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then contracted significantly in the following year.

Imports by Country

In 2023, Vietnam (X tons), China (X tons), South Korea (X tons), Turkey (X tons), Thailand (X tons), India (X tons), the United Arab Emirates (X tons), Japan (X tons), Indonesia (X tons), Malaysia (X tons), Cambodia (X tons) and Iraq (X tons) represented the main importer of aluminium alloy plates, sheets and strip of thickness over X mm in Asia, achieving X% of total import.

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

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm importing markets in Asia were Vietnam ($X), South Korea ($X) and China ($X), together comprising X% of total imports. Turkey, Thailand, India, the United Arab Emirates, Japan, Malaysia, Indonesia, Cambodia and Iraq lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Japan ($X per ton) and Turkey ($X per ton), while Iraq ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform