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Australia’s aluminium structures shipments to offshore markets will rise 15% in 2017
According to the latest trade data available, the value of Australia’s resources and energy export earnings for the financial year 2016-17 has been revised upwardly by AS$12 billion since December 2016 to AS$215 billion. Export earnings for 2017-18 financial year have also been upwardly revised by AS$17 billion stabilising at AS$215-billion. Though the revision is mostly attributed to the increase in ore prices, commendable rise in export volume of aluminium value-added products such as aluminium structures too have contributed to the surge
Australia’s total export of aluminium structures increased from 2114.617 tonnes in 2015 to 2481.56 tonnes (up 17.35 per cent year-on-year) till 2016 end. The double digit rise in volume exported was not accompanied by revenue increase though. Earnings from aluminium structures export was estimated at US$15.7 million for 2016, down 1.2 per cent from US$15.9 million in 2015.
In 2017, Australia is estimated to export 2858.9 tonnes of aluminium structures worldwide. The value of export is estimated to reach US$17.4 million. While the volume exported is slated to rise by 15.2 per cent year-on-year, earnings from export will log an increase of 10.8 per cent.
The year-on-year rise in aluminium structures export- both volume-wise as well as value-wise, is indicative of the fact that the demand for Australian aluminium value-added products is increasing in the international market.
In 2016, Australia shipped its major volume of aluminium structures to Vietnam followed by other countries in South East Asia.Get fresh Aluminium data and insights
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