05-Sep-2020
The Aluminum industry is the second-largest metallurgy industry after iron. Aluminum is light metal is used and is used emerged as a substitute for steel, zinc, and lead. The properties of aluminum have made it ideal for many industrial applications. The annual consumption of aluminum is 88 million tons is the fastest growing metals. India has 10% of the bauxite reserves a raw material used in aluminum production. The 8 major aluminum plants are located in Odisha, West Bengal, Kerala, Uttar Pradesh, Chattisgarh, Maharashtra, and Tamil Nadu.
Aluminum export data is collected from custom ports such as (airports, seaport, and ICD) from across India. The information in the aluminum database is collected from documents submitted to customs authorities at the time of export. The aluminum export data contains information such as:-
Aluminum export data shows that India is the 5th largest exporter of aluminum in the world. The data showed that India exported 3.8 million USD of aluminum in 2019. India showed a steep rise in exports in 2018 when 4.3 million tons of aluminum in 2018. Previous data collected showed India exported 1.66 MT of aluminum in 2017-18 and 1.22 MT of aluminum in 2016-17. Aluminum is one of India’s top exports.
According to aluminum Export Data India, the leading countries that import aluminum from India are:-
The top aluminum exporters in India according to aluminum export data India are:-
Experts believe that Indian aluminum manufacturers will be able to withstand the disruptions due to the Covid-19 pandemic. The rising aluminum exports, lowering input costs, and increasing efficiency will help the aluminum firms. The prices of aluminum in FY2021 are expected to start at 1450 USD on the London Metal Exchange.
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