The analysis of China's exports of aluminium and articles thereof from 2013 to 2023 shows notable volatility. In 2023, exports stood at 33.21 Billion US Dollars, marking a 4.92% increase year-on-year. Over the previous two years, the value experienced significant fluctuation with a 41.16% increase in 2021 followed by an 8.81% decline in 2022. Reviewing the past five years, the compound annual growth rate (CAGR) was 4.21%. From 2024 onwards, the forecast CAGR is 3.24%, anticipating a 17.3% growth rate over the next five years.
Future trends to watch for include:
- Continued growth driven by global demand for aluminium products.
- Potential disruptions from geopolitical tensions or trade policies.
- Innovations in aluminium production and recycling impacting export volumes.
- Environmental regulations influencing production costs and export competitiveness.