The global export market for unwrought aluminium alloys is dominated by the United Arab Emirates, accounting for 20.56% of the trade, showing a healthy growth of 5.05% year-on-year. Norway and Canada contribute 10.64% and 9.28% respectively, with Norway remaining stable and Canada experiencing a slight decline. Russia shows a slight uptick at 2.92%. Amidst minor changes, the most significant rises are observed in Saudi Arabia, Switzerland, and Egypt, while South Africa and Ukraine see notable declines. The year-on-year variations indicate fluctuating market dynamics impacted by geopolitical, economic, and environmental factors.
Future trends to watch include:
- Potential shifts due to geopolitical tensions, especially involving major players such as Russia and the United States.
- The impact of environmental policies on aluminium production and export practices, particularly from high-exporting countries.
- Technological advancements in aluminium processing impacting production efficiency and, consequently, export competitiveness.
Top countries in Export of Unwrought Aluminium Alloys Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Arab Emirates | 20.56 | 2023 | +4.6% | +5.05% | View data |
| 2 | 2 Norway | 10.64 | 2023 | +0.43% | -0.019% | View data |
| 3 | 3 Canada | 9.28 | 2023 | +0.16% | -3.47% | View data |
| 4 | 4 Russia | 8.04 | 2023 | +1.72% | +2.92% | View data |
| 5 | 5 United States | 4.9 | 2023 | +2.66% | +1.17% | View data |
| 6 | 6 Malaysia | 4.39 | 2023 | +4.86% | +3.75% | View data |
| 7 | 7 China | 4.09 | 2023 | +1.35% | +1.11% | View data |
| 8 | 8 Germany | 4.06 | 2023 | +1.61% | +1.33% | View data |
| 9 | 9 India | 2.96 | 2023 | +5.75% | +2.57% | View data |
| 10 | 10 Netherlands | 2.83 | 2023 | +1.28% | +0.36% | View data |
