Updated Oct 1, 2022 10:29

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

Market Overview
The North American market for aluminium alloy plates, sheets and strip of thickness over mm soared to $ in , increasing by % 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, consumption enjoyed a measured increase. The level of consumption peaked at $ in 2019; afterwards, it flattened through to .

In value terms, production of aluminium alloy plates, sheets and strip of thickness over mm stood at $ in estimated in export price. Over the period under review, production, however, saw a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. The level of production peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.

The United States ( tons) constituted the country with the largest volume of production of aluminium alloy plates, sheets and strip of thickness over mm, comprising approx. % of total volume. Moreover, production of aluminium alloy plates, sheets and strip of thickness over mm in the United States exceeded the figures recorded by the second-largest producer, Canada ( tons), threefold.

In the United States, production of aluminium alloy plates, sheets and strip of thickness over mm increased at an average annual rate of +% over the period from 2007-.


Consumption
Consumption of aluminium alloy plates, sheets and strip of thickness over mm expanded to tons in , surging by % against the previous year. Overall, consumption saw perceptible growth. The volume of consumption peaked at tons in 2019; however, from to , consumption failed to regain momentum.

The revenue of the market for aluminium alloy plates, sheets and strip of thickness over mm in Northern America stood at $ in , remaining relatively unchanged 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). In general, consumption saw noticeable growth. Over the period under review, the market attained the peak level at $ in 2019; afterwards, it flattened through to .


Consumption by Country
The countries with the highest volumes of consumption in were the United States ( tons) and Canada ( tons).

From 2007 to , the most notable rate of growth in terms of mm, amongst the main consuming countries, was attained by the United States (with a CAGR of +%).

In value terms, the United States ($) and Canada ($) appeared to be the countries with the highest levels of market value in .

The United States, with a CAGR of +%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review.

In No countries per capita consumption of aluminium alloy plates, sheets and strip of thickness over mm remained relatively stable over the period from 2007-.


Market Forecast
Driven by increasing demand for aluminium alloy plate, sheet and strip of thickness over mm in Northern America, 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 .