Aluminum (HS 7601) Import 2024: Market Momentum
Global Aluminum (unwrought) Import 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 input, it fuels manufacturing sectors from automotive to construction, with trade flows heavily influenced by regional production costs and industrial demand.
Strategic Insights
- Market Momentum: Global imports showed volatile but upward-trending values in 2024, rising from $2.83B in January to $3.68B by December, despite inconsistent monthly trade volumes.
- Geographic Power: Supply is fragmented (India, Russia, Malaysia hold 45% share) while demand concentrates in Mexico (34% of import value) and China, creating buyer leverage in key industrial hubs.
- Supply Chain Structure: Dominated by high-frequency shippers and bulk buyers, with top suppliers controlling 86% of export value and major importers driving 85% of purchases. Spot market reliance poses risks due to supplier consolidation.
Global Aluminum (unwrought) Import Trend in 2024 Whole Year
Global Aluminum imports in 2024 exhibited significant volatility, with trade flows showing no clear directional trend amid shifting market dynamics.
- Aggregate Performance: Total import value demonstrated considerable month-to-month swings, with observed trade volume also reflecting this inconsistent pattern.
- Period Dynamics: The year concluded with a higher value base compared to its start, climbing from $2.83B in January to $3.68B in December, while trade weight remained relatively stable.
Table: Aluminum (unwrought) Import 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 with 17.35% value share ($7.51B), supported by high volume (1.10B units).
- Market Structure: Fragmented supply. Top 3 exporters (India, Russia, Malaysia) hold 45.16% combined value share.
- Key Challengers: Russia matches India’s export value ($7.51B) with lower volume, while Malaysia ($4.53B) shows strong pricing.
Top Destination Countries & Consumption Markets
- Key Buyers: Mexico dominates imports (34.29% value share, $14.04B), followed by China (11.55%, $4.73B).
- Nature of Demand: Industrial processing focus. Mexico’s 44.87% quantity share suggests manufacturing inputs. Vietnam’s high volume (16.02%) aligns with re-export hubs.
- Emerging Markets: Turkey (9.22% value) and Uzbekistan (1.95%) show rising industrial demand.
Supply-Demand Dynamics
- Balance Assessment: Fragmented supply meets concentrated demand (Mexico commands 34.29% import value).
- Geographic Trend: Flows from Asian/Russian producers (India, Malaysia, Kazakhstan) to North American (Mexico) and Asian (Vietnam, China) industrial hubs.
- Key Takeaway: Importers hold pricing power. Mexico’s massive share creates buyer leverage against dispersed suppliers.
Table: Global Aluminum (unwrought) Import —— 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) Import —— 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) Import Analysis: Key Suppliers & Buyers
Suppliers Concentration & Strategy
- Power Center: Highly Consolidated. Dominators (66.98% of shipments) hold 86.12% of export value. RUSAL MARKETING GMBH and SAMPLEX, LLC exemplify this control.
- Operational Style: High-frequency shipping dominates. High Freq clusters (High_Value_High_Frequency + Low_Value_High_Frequency) account for 80.06% of all shipments.
- Risk/Opportunity: Buyers face heavy reliance on a few large suppliers. This limits negotiation leverage. Smaller suppliers offer flexibility but lack volume capacity.
Oversea Buyers Procurement Patterns
- Procurement Behavior: Buyers strongly prefer frequent restocking. Dominator importers (70.47% of shipments) drive 85.39% of import value. High Freq clusters represent 80.22% of shipments.
- Market Tier: Dominated by giants. A small group of high-volume, high-frequency buyers (e.g., CNH COMERCIAL S.A. DE C.V, BEHR MEXICO) command the market. SMEs are marginal.
Market Entry & Negotiation Strategy
- New suppliers must target Dominator buyers for volume. Expect intense competition and pressure on margins.
- Buyers must secure long-term contracts with Dominator suppliers. Spot market reliance is risky due to supplier consolidation.
- Niche suppliers can target Low_Value_High_Frequency buyers needing smaller, flexible shipments. Avoid competing on bulk volume.
- Bulk Movers (High Value Low Freq) offer spot opportunities for large stockpiling, but are unreliable for steady supply.
Table: Global Aluminum (unwrought) Import —— 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) Import —— 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 primary forms of unwrought aluminum like ingots, billets, and slabs.
Which country is the largest exporter of Aluminum (unwrought) in 2024 Whole Year?
INDIA and RUSSIA are the largest 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 are MEXICO ($14.04B), CHINA MAINLAND ($4.73B), and TURKEY ($3.77B). Mexico serves as a major manufacturing hub for North America.
Who are the major suppliers and companies trading Aluminum (unwrought) in 2024 Whole Year?
Key suppliers include АО КАЗАХСТАНСКИЙ ЭЛЕКТРОЛИЗНЫЙ ЗАВОД ($3.49B) and VEDANTA LIMITED ($2.89B). Major buyers feature AL PLUS GLOBAL DMCC ($2.58B).
Why do Aluminum (unwrought) import rankings sometimes differ from export destination lists?
Trade Asymmetries occur because exports use FOB value (departure point), while imports use CIF value (arrival cost). Trans-shipments via hubs like VIETNAM ($2.18B) further distort data.
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 yTrade, covering key regions like INDIA and RUSSIA.
Aluminum Import 2023: Market Resilience
Explore 2023's unwrought aluminum import trends under HS Code 7601. Russia leads exports while Mexico tops imports. Discover key players and trade insights on yTrade.
Aluminum (unwrought) Import 2025: Market Shift
Track global aluminum (HS Code 7601) import trends on yTrade. India dominates demand with $61.15B, while Malaysia leads supply amid U.S. tariff impacts.
