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

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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.

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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.