MERCOSUR: 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 MERCOSUR

The MERCOSUR market for aluminium alloy plates, sheets and strip of thickness over X mm shrank slightly to $X in 2023, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

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

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm reached $X in 2023 estimated in export price. The total output 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 in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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

Exports in MERCOSUR

In 2023, approx. X tons of aluminium alloy plates, sheets and strip of thickness over X mm were exported in MERCOSUR; dropping by X% on the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2023: its volume 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, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm declined significantly to $X in 2023. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

In 2023, Brazil (X tons) represented the major exporter of aluminium alloy plates, sheets and strip of thickness over X mm in MERCOSUR, creating X% of total export.

Brazil was also the fastest-growing in terms of the aluminium alloy plates, sheets and strip of thickness over X mm exports, with a CAGR of X% from 2012 to 2023. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier in MERCOSUR.

In Brazil, exports of aluminium alloy plates, sheets and strip of thickness over X mm increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Brazil amounted to X% per year.

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

Imports in MERCOSUR

In 2023, overseas purchases of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2022, and then reduced in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm shrank markedly to $X in 2023. Overall, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2022, and then reduced dramatically in the following year.

Imports by Country

In 2023, Brazil (X tons) represented the largest importer of aluminium alloy plates, sheets and strip of thickness over X mm, committing X% of total imports. It was distantly followed by Argentina (X tons), Colombia (X tons), Chile (X tons) and Paraguay (X tons), together achieving a X% share of total imports. Ecuador (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to aluminium alloy plate, sheet and strip of thickness over X mm imports into Brazil stood at X%. At the same time, Paraguay (X%), Argentina (X%), Colombia (X%), Chile (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Paraguay (X p.p.), Argentina (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported aluminium alloy plates, sheets and strip of thickness over X mm in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Paraguay ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform