MERCOSUR: Aluminium Market 2024

Aluminium Market Size in MERCOSUR

The MERCOSUR aluminium market shrank notably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a mild downturn. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Aluminium Production in MERCOSUR

In value terms, aluminium production dropped to $X in 2022 estimated in export price. Overall, production showed a perceptible slump. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Aluminium Exports

Exports in MERCOSUR

In 2022, aluminium exports in MERCOSUR skyrocketed to X tons, surging by X% against 2021 figures. In general, exports, however, continue to indicate a abrupt downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium exports soared to $X in 2022. Over the period under review, exports, however, saw a slight slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of aluminum (unwrought, not alloyed), namely Brazil, Argentina and Venezuela, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Argentina ($X), Brazil ($X) and Venezuela ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Venezuela, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Export price indicated temperate 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, aluminium export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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

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

Aluminium Imports

Imports in MERCOSUR

In 2022, aluminium imports in MERCOSUR declined notably to X tons, reducing by X% on the previous year. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped dramatically in the following year.

In value terms, aluminium imports reduced notably to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

Brazil represented the largest importer of aluminum (unwrought, not alloyed) in MERCOSUR, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Colombia (X tons), constituting an X% share of total imports. The following importers - Venezuela (X tons) and Ecuador (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium imports into Brazil stood at X%. At the same time, Venezuela (X%), Ecuador (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported aluminum (unwrought, not alloyed) in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with an X% share of total imports. It was followed by Ecuador, with a X% share.

In Brazil, aluminium imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Ecuador (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated measured 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, aluminium import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ecuador ($X per ton) and Brazil ($X per ton), while Colombia ($X per ton) and Venezuela ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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