Brazil's non-alloyed aluminium ingot export surges 19.5% in 2016; Japan tops the list of importers

<p>Brazil&rsquo;s export of unwrought aluminium in 2016 is set to reach its highest since 2013. The country exported about 300,000 tonnes of the metal during January-July, marking a rise of nine per cent over the corresponding period previous year. The higher volumes of exports, which more than offset the drop in shipments from Nippon Amazon Aluminium Co Ltd (NAAC) to Japan, can be attributed to the increased shipments from Hydro controlled Albras and Votorantim&rsquo;s CBA, observed analysts. The rise in shipments has made Brazil a net aluminium exporter in 2016.</p> <p>&nbsp;</p> <p>{newsStudioGallery}<br /><br />The South American country exported a total volume of 317.9 thousand tonnes non-alloyed aluminium ingots in 2015, which increased 19.5 per cent year-over-year to reach an estimated 379.9 thousand tonnes in 2016. In 2017, till July, Brazil is forecasted to export 222.7 thousand tonnes of non-alloyed aluminium ingots, down 5.67 per cent from the corresponding period previous year. <br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Brazil%20non%20alloy%20alu%20export%20Graph%201.jpg" alt="News" width="517" height="226" /><br />The total non-alloyed aluminium ingots export from Brazil was valued at US$634.4 million in 2015. In 2016, the value increased 3.5 per cent YoY to reach US$657 million. In the current financial year, the country is estimated to ship non-alloyed aluminium ingots valued at around US$419.15 million, till July, indicating at a rise of 10.33 per cent from the same period previous year. <br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Brazil%20non%20alloy%20alu%20export%20Graph%202.jpg" alt="News" width="517" height="226" /><br />Some of the top destinations of non-alloyed aluminium ingot exports from Brazil in 2016 are:<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Brazil%20alu%20exports.jpg" alt="News" width="221" height="173" /><br />{googleAdsense}<br /><br />According to an aluminium industry expert, unattractive aluminium premiums and depressed demand in in Brazil&rsquo;s domestic market are responsible for the surge in non-alloyed aluminium ingot exports. The low premiums have impacted on the domestic sales of metal as well, as economic recession continued to hit the country&rsquo;s end user sector demand rather badly.</p>