Aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square)

In 2024, aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square) trade exhibited strong growth, with global flows reaching $2,224,576,897 and a three-year compound annual growth rate of +4.4% (five-year: +5.9%). The all-time peak of $2,529,107,177 was recorded in 2022; the current level is 12% 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 steady (-1.1% acceleration).

The World Trade Flows Characterization classifies aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square) as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.098). The three largest exporters — China ($497.7M), Saudi Arabia ($366.7M), and France ($142.2M) — collectively dominate supply flows. The leading exporter has grown at +2.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.031). The three largest import markets are Iraq ($133.7M), Germany ($127.2M), and Mexico ($121.8M). The largest importing market sources from 9 different supplying countries.

Estimated substitution elasticity: -3.27. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is Saudi Arabia → Iraq at $132.0M, representing 98.8% of the importer's total demand.

The volatility score for aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square) is 9 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, strong demand tailwinds create a favourable entry environment. 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.