CIS: Aluminum Market 2024

Aluminum Market Size in CIS

In 2022, the CIS aluminum market increased by X% to $X, rising for the seventh year in a row after three years of decline. In general, consumption, however, continues to indicate a perceptible contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aluminum Production in CIS

In value terms, aluminum production contracted slightly to $X in 2022 estimated in export price. In general, production showed a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aluminum Exports

Exports in CIS

In 2022, the amount of aluminum and alloys exported in the CIS declined to X tons, with a decrease of X% compared with 2021 figures. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, aluminum exports rose modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Russia prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), comprising a X% share of total exports. Tajikistan (X tons) took a relatively small share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of aluminum and alloys. Kazakhstan experienced a relatively flat trend pattern. Tajikistan (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Tajikistan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest aluminum supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Russia, aluminum exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Tajikistan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

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

Aluminum Imports

Imports in CIS

Aluminum imports dropped to X tons in 2022, with a decrease of X% compared with 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminum imports rose significantly to $X in 2022. Over the period under review, imports, however, recorded a measured increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Uzbekistan (X tons), Belarus (X tons) and Armenia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Azerbaijan (X tons) and Russia (X tons), together comprising a X% share of total imports.

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

In value terms, the largest aluminum importing markets in the CIS were Uzbekistan ($X), Belarus ($X) and Armenia ($X), together accounting for X% of total imports. Azerbaijan and Russia lagged somewhat behind, together comprising a further X%.

Azerbaijan, 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

The import price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminum import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Belarus ($X per ton) and Uzbekistan ($X per ton), while Russia ($X per ton) and Armenia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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