Global Aluminium Bar Market Overview
In value terms, aluminium bar production dropped modestly to $ in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by % y-o-y. Over the period under review, global production attained the peak level at $ in 2018, and then reduced modestly in the following year.
The country with the largest volume of aluminium bar production was China ( tonnes), accounting for % of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. ( tonnes), twofold. The third position in this ranking was occupied by Brazil ( tonnes), with a % share.
From 2007 to 2019, the average annual growth rate of volume in China amounted to +%. In the other countries, the average annual rates were as follows: the U.S. (+% per year) and Brazil (+% per year).
The global aluminium bar market revenue stood at $ in 2019, therefore, remained relatively stable 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). Over the period under review, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. Over the period under review, the global market attained the maximum level in 2019 and is expected to retain growth in the immediate term.
From 2007 to 2019, the most notable rate of growth in terms of aluminium bar consumption, amongst the main consuming countries, was attained by Brazil, while aluminium bar consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($), the U.S. ($) and Indonesia ($) appeared to be the countries with the highest levels of market value in 2019, together comprising % of the global market. Germany, Russia, Turkey, South Korea, France, India, Brazil, Italy, Mexico and Egypt lagged somewhat behind, together comprising a further %.
Brazil saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while aluminium bar market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of aluminium bar per capita consumption in 2019 were Turkey ( kg per person), the U.S. ( kg per person) and Germany ( kg per person).
From 2007 to 2019, the most notable rate of growth in terms of aluminium bar per capita consumption, amongst the leading consuming countries, was attained by Brazil, while aluminium bar per capita consumption for the other global leaders experienced more modest paces of growth.