Southern Asia: Aluminium Bar Market 2024

Aluminium Bar Market Size in Southern Asia

The South Asian aluminium bar market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption showed a slight shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Aluminium Bar Production in Southern Asia

In value terms, aluminium bar production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a mild setback. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Aluminium Bar Exports

Exports in Southern Asia

In 2022, shipments abroad of aluminium bars, rods and profiles increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, aluminium bar exports soared to $X in 2022. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

India prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Sri Lanka (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aluminium bar exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. India (X p.p.) and Sri Lanka (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, India ($X) remains the largest aluminium bar supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, aluminium bar exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a temperate expansion 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 bar export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Aluminium Bar Imports

Imports in Southern Asia

In 2022, approx. X tons of aluminium bars, rods and profiles were imported in Southern Asia; with a decrease of X% against the year before. Total imports indicated a measured increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, aluminium bar imports expanded notably to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

India prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2022. Nepal (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (X%). Pakistan (X tons), Sri Lanka (X tons) and Afghanistan (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium bar imports into India stood at X%. At the same time, Pakistan (X%), Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) and Afghanistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total imports, while India 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, India ($X) constitutes the largest market for imported aluminium bars, rods and profiles in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, aluminium bar imports increased 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: Nepal (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue 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 India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :