Aluminium: unwrought, alloys

In 2024, aluminium: unwrought, alloys trade exhibited modest growth, with global flows reaching $38,690,783,808 and a three-year compound annual growth rate of -2.3% (five-year: +7.1%). The all-time peak of $49,890,699,504 was recorded in 2022; the current level is 22% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-5.5% acceleration).

The World Trade Flows Characterization classifies aluminium: unwrought, alloys as "Two-way horizontal trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.049). The three largest exporters — United Arab Emirates ($4.3B), Norway ($3.6B), and Canada ($3.4B) — collectively dominate supply flows. The leading exporter has grown at -5.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.050). The three largest import markets are United States ($4.8B), Germany ($3.9B), and China ($2.7B). The largest importing market sources from 41 different supplying countries.

Estimated substitution elasticity: -31.38. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Canada → United States at $3.0B, representing 63.3% of the importer's total demand.

The volatility score for aluminium: unwrought, alloys is 13 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.