The year 2020 will be marked in the history of industrialization as one of the most challenging years in the modern era. The Covid-19 pandemic forced the industry and most of the people to adapt to new realities. Industries from every corner of the world were impacted by the pandemic, however, some stood strong to counter the mayhem, while a few closed down permanently. The Indian aluminium industry was also a part of this global fall down but it sustained competently.
The primary aluminium production in India was not much impacted when compared to other metals and fell by just 2.9% during Apr-Dec FY21 as compared to Apr-Dec FY20. The domestic market demand stumbled, largely in Q1FY21 and Q2 due to the nationwide lockdown. Moreover, the export demand which grabs for around 50-55% of total primary aluminium production remained enterprising. This has cushioned the production levels from dropping sharply.
The report elaborates an in-depth industry analysis & forecast to 2026-27of the Indian aluminium industry. The gigantic deposit of bauxite is steering India as a notable player in the global aluminium industry. In 2020-21, the nation produced 19 million tonnes of bauxite, 6.6 million tonnes of alumina and 3.6 million tonnes of primary aluminium, whereas the export of primary aluminium from India has increased multiple times during the last decade from about 250,000 tonnes in 2010-11 to 2.32 million tonnes in 2020-21. On the other hand, VAPs such as aluminium alloys and billets now account for a significant share of the total primary aluminium export.
The report further includes a consolidated overview of the qualitative and quantitative dimensions of the Indian aluminium downstream products market and details the recent trends in the end-use sectors and their impact on the downstream products. It also comprises the present market estimates and forecasts by aluminium downstream products and by end-use sectors for the period 2021-22 to 2026-27.
To know, what more AlCircle "Outlook for the Indian Aluminium Industry” - In-depth industry analysis & forecast to 2026-27” offers, below given is a few points in brief:
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