The Value of the Aluminum industry in Canada, attained a value of USD 6,629.89 Millions in 2021
The indicator recorded a historical growth by a CAGR of 1.51% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow at a CAGR of ...
Market analysis
The Canadian aluminum industry saw a steep contraction in value terms this year, while volume increased at a moderate rate. Further fluctuations in growth are expected going forward.
The global aluminum industry saw a decline in 2020 after the COVID-19 pandemic led to plummeting prices initially. This also followed a year of stronger decline in 2019 caused by a flat year for production volume and falling prices. In the forecast period a return to growth is expected as prices have risen steadily since the initial months of the pandemic.
The impact of the COVID-19 pandemic has been keenly felt on the aluminum industry in 2020. Demand from numerous buyer markets, not to mention general financial turmoil around the world, has slowed growth. Aluminum has been particularly badly affected due to the importance of the automotive manufacturing industry as a key buyer market.
The aluminum industry consists of primary aluminum (made from alumina) only, secondary aluminum (made by the recycling of scrap aluminum) is excluded. Industry volume is defined as the quantity of primary aluminum produced at sites within each country or geographical region. Industry value is calculated as the production volume multiplied by annual average manufacturer selling price, regardless of whether the production is sold to third parties or used in-house.
Global aluminum industry geography segmentation
Asia-pacific accounts for major percentage of the global aluminum industry value.
Europe, Middle East, United States are the other notable countries involved in aluminum industry.
Key company
Shandong Nanshan Aluminium Co Ltd
Shandong Nanshan Aluminium Co Ltd (Nanshan Aluminium) is a manufacturer and distributor of aluminum products. The company provides products such as aluminum profiles, electrolytic aluminum, aluminum materials, aluminum foil, aluminum oxide products, aluminum sections, cold-rolled products, and others. It also offers industrial aluminum sheets and aluminum strips, and others. Nanshan Aluminium provides services such as production and generation of electric power, steam, natural gas, and others.
Switzerland
China
Japan
Luxembourg
South Korea
Japan
United Kingdom
Australia
Japan
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