Aluminium Scrap Import Data: Get In-Depth Insights

As we know, aluminum is one of the most often used metals in the world due to its lightweight and strength. Aluminium is an invaluable resource as this metal can be recycled and utilized again to create new aluminium products. The global market for importing aluminum scrap is predicted to rise dramatically in the upcoming years. Based on aluminium scrap import data, the global market for the import of aluminium scrap in 2022 was worth more than USD 20 billion. In this blog, we will discuss the detailed analysis of the aluminium import data, highlighting the key trends and challenges for the aluminium import market.

Let's first discuss the Aluminium industry in detail!

Aluminium Industry: Market Overview

The Asia Pacific region is the largest producer and consumer of aluminium, accounting for more than 60% of the global market. North America and Europe are also major producers and consumers of aluminium. Based on aluminium Trade Data, the global aluminium market was valued at USD 159.32 billion in 2021 and is projected to reach USD 255.91 billion by 2029.

A few major businesses dominate the worldwide aluminium market, including China Hongqiao Group, Aluminium Corporation of China (Chalco), Rio Tinto, Rusal, and Alcoa. These companies are well-represented throughout the aluminium value chain, from mine to smelting to downstream manufacture. 

Top Importers of Aluminum Scrap

Based on the Scrap importers list,  the top Scrap importers worldwide are as follows:

• China

• India
• United States
• Japan
• South Korea
• Taiwan
• Germany
• Italy
• France
• United Kingdom
• Mexico

To obtain a comprehensive understanding of the aluminium market or top scrap importers, it is essential to analyze it based on Aluminium Import Data. This market report allows us to identify key statistics, top scrap importers, and HS codes for particular product types.

Aluminium Scrap Import Data Overview: 2022-23

According to the most recent data from China's General Administration of Customs, China imported 738,000 metric tons of aluminium scrap in the first half of 2023, a 10.5% increase year on year. In the first half of 2023, the top three import sources were the United States, Germany, and Japan, accounting for more than 60% of China's total aluminium scrap imports as per aluminium scrap import data. If you're new to importing aluminium, it's required to understand the actual shipment data and the most updated Scrap importers data. Visit the Exportimportdata.in dashboard to discover accurate and reliable HS codes and much more. 

The following table represents the top 10 import sources of aluminium scrap to China in the first half of 2023:

The above table lists the top ten aluminium scrap import sources to China in the first half of 2023. The United States is China's main import source, accounting for more than 32% of total aluminium scrap imports as per scrap import data. Germany and Japan are China's second and third major importers, accounting for more than 17% and 14% of total aluminium scrap imports, respectively.

The table additionally displays the year-on-year change in each country's aluminium scrap imports. For more specific information on aluminium scrap importers, you can visit to our data-driven platform and discover Aluminium Scrap Import Data.

Important Developments in the Import of Aluminum Scrap

There are several prominent factors are observed in the global market for the aluminum scrap importers list:

Increasing demand from emerging markets: Due to rising demand from developing economies like China, India, and Southeast Asia, the market for the import of aluminium scrap is expanding. These countries' industrialization and economic progress are accelerating, increasing demand for aluminum-based products.

Increasing knowledge of recycling's positive environmental effects: Recycling aluminium scrap is an environmentally friendly and long-term technique of producing new aluminium products. It requires less energy and releases fewer greenhouse gases than the traditional aluminium production method that uses bauxite ore.

Technological developments: The processing and recycling of aluminum scrap has benefited from technological developments, which have enlarged productivity and reduced the cost of producing high-quality recycled aluminum products. Imports of aluminum scrap are becoming more popular as a result.

Challenges for Alumunium Import Market

Despite its enormous growth opportunities, the aluminium industry has some obstacles that could hinder it from achieving its full potential.  The aluminium  market is becoming increasingly competitive as more and more importers enter the market. 

Some traders may have limited knowledge of aluminium scrap and lack awareness of current market statistics, market trends, etc. This limits the demand for aluminium in the global economy.

Due to their use of inadequate market information, traders face complexities in the importing procedures for aluminium. It is advisable to obtain import and export data on aluminium from reputable trade platforms that meet their quality and standards and provide the most accurate information. One of the foremost market research platforms is ExportImportData.in
Read more: Best Ways to Find Human Hair Importers and Buyers in India

How Can I Obtain Data on Imports of Aluminum Scrap?

Several methods exist for obtaining import statistics on aluminum scrap. To find accurate and updated import data of aluminium scrap, you can visit Exportimportdata.in to gain access to the real-time  products database. We also provide authentic and genuine Scrap importers list, HS Codes, etc. 

For the companies operating in the global aluminum scrap industry, import data on aluminum scrap is an invaluable resource. If you are a business owner looking for updated Aluminium Scrap Import Data, please connect with our professionals and book a free live demo today!