Updated Oct 1, 2022 10:29

Market for Aluminium Alloy Plate, Sheet and Strip of Thickness over 0.2 mm in Latin America and the Caribbean

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In , the Latin American market for aluminium alloy plates, sheets and strip of thickness over mm was finally on the rise to reach $ for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in and is likely to see steady growth in the near future.

In value terms, production of aluminium alloy plates, sheets and strip of thickness over mm reached $ in estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of %. As a result, production attained the peak level of $. From 2019 to , production of growth remained at a somewhat lower figure.

The country with the largest volume of production of aluminium alloy plates, sheets and strip of thickness over mm was Brazil ( tons), accounting for % of total volume. Moreover, production of aluminium alloy plates, sheets and strip of thickness over mm in Brazil exceeded the figures recorded by the second-largest producer, Puerto Rico ( tons), more than tenfold.

In Brazil, production of aluminium alloy plates, sheets and strip of thickness over mm remained relatively stable over the period from 2007-.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , approx. tons of aluminium alloy plates, sheets and strip of thickness over mm were consumed in Latin America and the Caribbean; surging by % against the previous year's figure. The total consumption indicated measured growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, consumption of attained the maximum volume in and is expected to retain growth in the immediate term.

The revenue of the market for aluminium alloy plates, sheets and strip of thickness over mm in Latin America and the Caribbean stood at $ in , 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). The total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. The level of consumption peaked in and is likely to continue growth in the immediate term.


Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
The countries with the highest volumes of consumption in were Brazil ( tons), Mexico ( tons) and Chile ( tons), together accounting for % of total consumption.

From 2007 to , the biggest increases were recorded for Chile (with a CAGR of +%), while mm for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($), Mexico ($) and Puerto Rico ($) were the countries with the highest levels of market value in , together accounting for % of the total market. Chile, Guatemala and Argentina lagged somewhat behind, together accounting for a further %.

In terms of the main consuming countries, Guatemala, with a CAGR of +%, saw the highest rates of growth with regard to market size over the period under review, while mm for the other leaders experienced more modest paces of growth.

From 2007 to , the average annual growth rate of the per capita consumption of aluminium alloy plates, sheets and strip of thickness over mm in No country was relatively modest.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for aluminium alloy plate, sheet and strip of thickness over mm in Latin America and the Caribbean, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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