The Value of the Aluminum industry in China, attained a value of USD 79,174.76 Millions in 2021
The indicator recorded a historical growth by a CAGR of 0.66% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow at a CAGR of ...
Market analysis
The Chinese 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 Chinese industry is the largest in the world and by far the largest in the Asia-Pacific region, making up a significant share in the regional revenue in 2020. Growth has been fueled by low operating costs and increasing global demand from industries such as vehicle and aircraft manufacture.
Despite a poor year in 2019 and then the pandemic causing mass disruption to the industry in 2020, strong growth is expected in the forecast period particularly in 2021. Steady price rises so far in 2021 to the highest value since 2008 have aided the value of the industry with MarketLine predicting it will surpass its 2018 value despite two years of decline in 2019 and 2020.
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.
Company profile
China Hongqiao Group Ltd
China Hongqiao Group Ltd (China Hongqiao) is a manufacturer and supplier of aluminum products. Its portfolio of products includes molten aluminum alloys, aluminum alloy ingots, aluminum alloy casting-rolling products, aluminum busbars and aluminum alloy processing products. The company, through its subsidiaries, also carries out the trading of bauxite, production and sale of electricity and research and development of bauxite. It primarily offers processed raw material for production of car wheels, industrial, civil construction, and thermal conductivity materials. China Hongqiao has sales offices in Liaoning, Beijing, Hebel, Shandong, Jiangsu, Anhui, Zhejiang, and Guangdong. The company operates in China, Hong Kong, Indonesia and the British Virgin Islands. China Hongqiao is headquartered in Zouping, Shandong, China.
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