Aluminum (unwrought) Export 2024: Market Shift
Global Aluminum (unwrought) Export Market Landscape
In global trade, Aluminum (unwrought) is tracked under HS Code 7601, covering raw aluminum not yet worked into semi-finished or finished products. As a critical industrial commodity, it serves as the foundational material for manufacturing sectors like automotive, construction, and packaging. Its trade flows are highly sensitive to energy costs and regional industrial demand.
Strategic Insights
- Market Momentum: Global exports in 2024 showed resilience amid volatility, with total value rising by year-end despite fluctuating monthly volumes. Higher December export values but lower shipped weight suggest a shift toward premium or processed trade flows.
- Geographic Power: Supply is fragmented among top producers (India, Russia, Malaysia), while demand is heavily concentrated in Mexico (34% of import value) and China. Material flows move from Asian and Gulf producers to North American and Asian manufacturing hubs.
- Supply Chain Structure: Dominated by a few high-frequency, high-volume players (66% frequency, 86% value share). Buyers face limited flexibility outside long-term contracts with dominant suppliers. Spot market opportunities are secondary.
Global Aluminum (unwrought) Export Trend in 2024 Whole Year
Global Aluminum (unwrought) exports in 2024 demonstrated significant volatility but overall resilience, with no single major news event driving the trend.
- Aggregate Performance: Total exports for the year reached a substantial value, supported by a considerable volume of trade, despite wide monthly swings in both metrics.
- Period Dynamics: The year concluded with a higher export value in December compared to January, though the total weight shipped finished lower, indicating a shift in the nature of trade flows.
Table: Aluminum (unwrought) Export Trend in 2024 Whole Year
| Date | Value | Weight | Unit Price | Value MoM | Weight MoM | Unit Price MoM |
|---|---|---|---|---|---|---|
| 2024-01-01 | 2.83B USD | 1.98B kg | $1.43/kg | N/A | N/A | N/A |
| 2024-02-01 | 2.83B USD | 2.41B kg | $1.18/kg | +0.18% | +21.44% | -17.51% |
| 2024-03-01 | 3.38B USD | 2.59B kg | $1.31/kg | +19.38% | +7.34% | +11.21% |
| 2024-04-01 | 2.82B USD | 1.84B kg | $1.53/kg | -16.58% | -28.88% | +17.30% |
| 2024-05-01 | 4.21B USD | 2.94B kg | $1.43/kg | +49.12% | +59.56% | -6.54% |
| 2024-06-01 | 3.09B USD | 2.22B kg | $1.39/kg | -26.62% | -24.39% | -2.95% |
| 2024-07-01 | 4.31B USD | 3.08B kg | $1.40/kg | +39.70% | +38.56% | +0.83% |
| 2024-08-01 | 3.78B USD | 2.56B kg | $1.48/kg | -12.29% | -16.84% | +5.47% |
| 2024-09-01 | 6.04B USD | 2.49B kg | $2.43/kg | +59.73% | -2.64% | +64.07% |
| 2024-10-01 | 3.41B USD | 2.82B kg | $1.21/kg | -43.66% | +13.36% | -50.30% |
| 2024-11-01 | 3.13B USD | 1.97B kg | $1.59/kg | -8.00% | -30.32% | +32.03% |
| 2024-12-01 | 3.68B USD | 2.49B kg | $1.47/kg | +17.34% | +26.82% | -7.47% |
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Aluminum (unwrought) Global Market Structure: Supply vs. Demand
Top Origin Countries & Production Hubs
- Dominant Supplier: India leads exports by value ($7.51B, 17.35% share) and quantity (1.10B units, 13.18% share), though Russia matches its export value ($7.51B).
- Market Structure: Supply is competitive and fragmented. The top 3 exporters (India, Russia, Malaysia) hold only ~45% of total export value share.
- Key Challengers: Russia is a major value-equivalent challenger to India. Malaysia ($4.53B, 10.47% value share) and Kazakhstan ($3.85B, 8.9%) are significant secondary suppliers.
Top Destination Countries & Consumption Markets
- Key Buyers: Mexico dominates imports ($14.04B, 34.29% value share; 44.87% quantity share), followed distantly by China ($4.73B, 11.55%) and Turkey ($3.77B, 9.22%).
- Nature of Demand: Primarily industrial processing. Mexico's massive import volume relative to its domestic market suggests heavy re-export or manufacturing use. Vietnam's high quantity imports (16.02% share) at lower value also indicate processing.
- Emerging Markets: Turkey, Vietnam, and Uzbekistan feature prominently, signaling growing industrial demand hubs beyond traditional centers.
Supply-Demand Dynamics
- Balance Assessment: Fragmented global supply meets highly concentrated demand. Mexico alone commands over 1/3 of import value and nearly half of import quantity.
- Geographic Trend: Material flows from major Asian producers (India, Malaysia, Russia) and Gulf states (UAE) towards North American (Mexico, US) and Asian (China, Vietnam, Turkey) manufacturing centers.
- Key Takeaway: Importers, led by Mexico, hold stronger pricing leverage due to extreme demand concentration despite competitive supply.
Table: Global Aluminum (unwrought) Export —— Top Destination Countries
| Destination Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| MEXICO | 14.04B | 3.74B | 66.14K | 14.41B |
| CHINA MAINLAND | 4.73B | 176.70M | 6.83K | 3.70B |
| TURKEY | 3.77B | 739.97M | 7.97K | 1.59B |
| VIETNAM | 2.18B | 1.34B | 11.20K | 1.21B |
| INDIA | 2.10B | 416.24M | 8.34K | 33.23M |
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Table: Global Aluminum (unwrought) Export —— Top origin Countries
| Origin Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| INDIA | 7.51B | 1.10B | 15.97K | 2.78B |
| RUSSIA | 7.51B | 297.63M | 10.32K | 7.01B |
| MALAYSIA | 4.53B | 469.26M | 5.75K | 472.36M |
| KAZAKHSTAN | 3.85B | 184.05M | 2.64K | 1.60B |
| ARGENTINA | 2.51B | 948.47M | 3.92K | 551.17M |
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Global Aluminum (unwrought) Export Analysis: Key Suppliers & Buyers
Suppliers Concentration & Strategy
- Power Center: Highly Consolidated. Dominators (66.98% frequency, 86.12% value) control the market. A small group holds most value.
- Operational Style: Dominated by frequent shippers (High Freq clusters = 80.06% combined frequency share). Bulk Movers (High Value Low Freq) exist but are secondary.
- Risk/Opportunity: Buyers face high reliance on a few giants. Limited options outside Dominators for large volumes. Bulk Movers offer spot opportunities.
Oversea Buyers Procurement Patterns
- Procurement Behavior: Dominated by frequent restocking. Dominators (70.47% frequency, 85.39% value) drive steady, high-volume intake. Bulk buying (High Value Low Freq) is minor (4.37% frequency).
- Market Tier: Driven by global giants. Dominators hold overwhelming value share (85.39%). Fragmented low-value players exist but have minimal market power.
Market Entry & Negotiation Strategy
- New Suppliers: Target Dominator buyers first. Prepare for large-scale, continuous contracts. Competing on spot with Bulk Movers is secondary.
- New Buyers: Secure long-term contracts with Dominator suppliers. Expect limited price flexibility. Explore Bulk Movers for large spot fills cautiously.
- Negotiation: Dominators hold leverage due to consolidation. Buyers need strong relationships. Low-value clusters offer flexibility but lack scale.
Table: Global Aluminum (unwrought) Export —— Top Buyers
| Buyer Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| AL PLUS GLOBAL DMCC | 2.58B | N/A | 1.20K | 2.33B |
| RS INTERNATIONAL GMBH | 809.72M | N/A | 454.00 | 913.23M |
| RS INTERNATIONAL GMBH | 809.72M | N/A | 454.00 | 913.23M |
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Table: Global Aluminum (unwrought) Export —— Top Suppliers
| Supplier Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| АО КАЗАХСТАНСКИЙ ЭЛЕКТРОЛИЗНЫЙ ЗАВОД | 3.49B | 69.50M | 436.00 | 1.47B |
| VEDANTA LIMITED | 2.89B | 443.79M | 4.10K | 362.23M |
| ALUAR ALUMINIO ARGENTINO SOCIEDAD ANONIMA | 2.23B | 848.87M | 1.70K | 391.45M |
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Frequently Asked Questions
What is the HS Code for Aluminum (unwrought)?
The HS Code is 7601, covering unwrought aluminum in forms like ingots, blocks, and billets.
Which country is the largest exporter of Aluminum (unwrought) in 2024 Whole Year?
INDIA and RUSSIA are the top exporters, each with $7.51B in export value, dominating global supply.
Who are the top importers of Aluminum (unwrought) in 2024 Whole Year?
Top importers include MEXICO ($14.04B), CHINA MAINLAND ($4.73B), and TURKEY ($3.77B). Mexico serves as a key processing hub, while China is a major consumption market.
Who are the major suppliers and companies trading Aluminum (unwrought) in 2024 Whole Year?
Leading suppliers are АО КАЗАХСТАНСКИЙ ЭЛЕКТРОЛИЗНЫЙ ЗАВОД ($3.49B) and VEDANTA LIMITED ($2.89B). Key buyers include AL PLUS GLOBAL DMCC ($2.58B) and RS INTERNATIONAL GMBH ($809.72M).
Why do Aluminum (unwrought) import rankings sometimes differ from export destination lists?
Discrepancies arise from Trade Asymmetries: export data (FOB value) reflects the intended destination, while import data (CIF value) records the actual arrival. Trans-shipments via hubs like VIETNAM ($2.18B) can also cause mismatches.
How to find reliable Aluminum (unwrought) suppliers and exporters in 2024 Whole Year?
Access verified shipment records and supplier lists for HS Code 7601 via the yTrade database, covering key regions like India and Russia.
Russia Leads Aluminum Exports 2023: Market Power
Discover Russia's dominance in Aluminum (HS Code 7601) exports 2023, with $7.83B trade value. Explore top importers like Mexico & Turkey on yTrade.
Aluminum (HS 7601) Export 2025: Market Shift
Track Malaysia's Aluminum (HS 7601) export trends on yTrade. Data reveals a volatile market with India dominating imports, signaling shifting trade dynamics.
