With the onset of 2022, time to look forward to what is in store for the global aluminium industry this year, which is why the AlCircle team has come up with a new report on “Global Aluminium Industry Outlook 2022." The report projects aluminium demand to grow by about 3.3 per cent to reach 96.6 million tonnes in 2022, driven by the transport sector at 9.8%, followed by the packaging sector at 7.2%.
The year 2021 experienced demand recovery for aluminium in most major markets across the world, with usage increased from 86.9 million tonnes in 2020 to 93.5 million tonnes. But now with the onset of 2022, time to look forward to what is in store this year, which is why the AlCircle team has come up with a new report on “Global Aluminium Industry Outlook 2022."
The team has projected in the report that aluminium demand will progress in 2022 but at a slower rate from last year. In contrast to 7.6% growth rate in 2021, aluminium demand is estimated to increase by about 3.3 per cent to reach 96.6 million tonnes by the year-end. On the other hand, as supply is concerned, it is likely to remain tight throughout 2022, with limited capacity additions in China and elsewhere in the world.
In the upstream sector, global bauxite output is expected to grow by about 1.6% to come in at 383 million tonnes in 2022, supported by new projects and expansion plans in leading producing countries like Australia, Guinea, and Indonesia. Demand for alumina and alumina prices is expected to be positively influenced by the growing demand for primary aluminium in 2022.
In 2022, primary aluminium demand is likely to be driven by the transport sector at 9.8 per cent, followed by the packaging sector at 7.2%, as mentioned in the report.
Besides the potential demand-supply ratio for 2022, the report has highlighted how aluminium producers are shifting their focus to creating a sustainable environment according to policies of nations under the influence of climate agreements.
The report also has in-depth analyses of how the policy changes and developments of 2021 have built a foundation for 2022 and how the year is likely to trend ahead.
In a nutshell, the following points are covered by our “Global Aluminium Industry Outlook 2022”:
1. The Bauxite Market
2. The Alumina Market
3. The Primary aluminium Market
4. The Downstream Market
5. The End User Market
6. Recycled aluminium
