Non-Alloy Aluminium Bar Market

The global market for non-alloy aluminium bars, rods and profiles is projected to experience steady growth from 2022 to 2030, with an anticipated increase in volume and value. Consumption trends, production statistics, and export/import data are thoroughly analyzed for key countries such as China, Turkey, the United States, India, Italy, and more. The article provides valuable insights into market performance, growth patterns, and pricing dynamics for non-alloy aluminium products on a global scale.

Market Forecast

Driven by increasing demand for non-alloy aluminium bars, rods and profiles worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 4.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.6% for the period from 2022 to 2030, which is projected to bring the market value to $39.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Alloy Aluminium Bars, Rods And Profiles

In 2022, after three years of decline, there was significant growth in consumption of non-alloy aluminium bars, rods and profiles, when its volume increased by 5.7% to 3.6M tons. The total consumption volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption reached the peak volume at 4.5M tons in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

The global non-alloy aluminium bar market value shrank slightly to $25.8B in 2022, with a decrease of -3.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.0% against 2020 indices. Over the period under review, the global market attained the peak level at $31.9B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (711K tons), Turkey (422K tons) and the United States (389K tons), together accounting for 43% of global consumption. India, Italy, Japan, Russia, Indonesia, the UK, Poland, France, Greece and Mexico lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +18.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($12.1B) led the market, alone. The second position in the ranking was taken by China ($2.7B). It was followed by the United States.

In Turkey, the non-alloy aluminium bar market expanded at an average annual rate of +6.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: China (+0.9% per year) and the United States (+9.1% per year).

The countries with the highest levels of non-alloy aluminium bar per capita consumption in 2022 were Greece (6.7 kg per person), Turkey (4.9 kg per person) and Italy (4.7 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Greece (with a CAGR of +18.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Non-Alloy Aluminium Bars, Rods And Profiles

After three years of decline, production of non-alloy aluminium bars, rods and profiles increased by 6.1% to 3.6M tons in 2022. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 15%. Over the period under review, global production hit record highs at 4.9M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, non-alloy aluminium bar production shrank to $26.4B in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 50%. Global production peaked at $47.2B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (713K tons), Turkey (434K tons) and the United States (399K tons), together comprising 43% of global production. India, Italy, Japan, Greece, Russia, Indonesia, the UK, Poland, Spain and Mexico lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +15.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Non-Alloy Aluminium Bars, Rods And Profiles

In 2022, approx. 331K tons of non-alloy aluminium bars, rods and profiles were imported worldwide; shrinking by -12.5% against the previous year. In general, imports recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Global imports peaked at 487K tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alloy aluminium bar imports fell slightly to $1.6B in 2022. Over the period under review, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, global imports hit record highs at $1.9B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

France (21K tons), Germany (17K tons), Spain (16K tons), Egypt (15K tons), Italy (15K tons), the United Arab Emirates (14K tons), the Netherlands (13K tons), Belgium (12K tons), Yemen (12K tons), India (10K tons), Canada (9.5K tons) and Thailand (9K tons) represented roughly 49% of total imports in 2022. Singapore (8.3K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +29.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, France ($127M), Germany ($105M) and Egypt ($102M) were the countries with the highest levels of imports in 2022, with a combined 21% share of global imports.

In terms of the main importing countries, Egypt, with a CAGR of +32.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average non-alloy aluminium bar import price amounted to $4,884 per ton, with an increase of 9.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 an increase of 14%. Global import price peaked in 2022 and is likely to see steady 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 Egypt ($6,660 per ton), while Belgium ($2,081 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Alloy Aluminium Bars, Rods And Profiles

In 2022, global exports of non-alloy aluminium bars, rods and profiles shrank to 312K tons, which is down by -10.6% on the previous year. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 36% against the previous year. The global exports peaked at 793K tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-alloy aluminium bar exports reached $1.5B in 2022. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. The global exports peaked at $3.2B in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, Spain (52K tons), followed by Greece (34K tons), the Philippines (23K tons), Malaysia (22K tons), Slovakia (19K tons), Saudi Arabia (18K tons), the United Arab Emirates (18K tons), the United States (15K tons) and Italy (14K tons) were the key exporters of non-alloy aluminium bars, rods and profiles, together committing 69% of total exports. The following exporters - Oman (13K tons), Turkey (13K tons), India (6.5K tons) and Belgium (5.8K tons) - together made up 12% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovakia (with a CAGR of +29.0%), while the other global leaders experienced more modest paces of growth.

In value terms, Spain ($288M), Greece ($163M) and Italy ($102M) were the countries with the highest levels of exports in 2022, with a combined 36% share of global exports. The United Arab Emirates, Saudi Arabia, Malaysia, the United States, Turkey, the Philippines, Slovakia, Oman, India and Belgium lagged somewhat behind, together accounting for a further 42%.

In terms of the main exporting countries, Slovakia, with a CAGR of +27.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average non-alloy aluminium bar export price amounted to $4,915 per ton, increasing by 19% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy aluminium bar export price increased by +115.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 43% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($7,127 per ton), while the Philippines ($2,802 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform