Japan is forecasted to export 4084 tonnes of aluminium structures till August 2017
AL Circle reported that Japan's aluminium industry, way back in 2015, had stepped up efforts to have the light metal used more in infrastructure, taking advantage of new design standards to boost the then stagnant demand in the domestic market. Ever since then, the consumption of aluminium in building and construction sector of the country has risen steadily. The downstream manufacturing of aluminium structures within the country has also increased. Japan, after catering to the domestic industry demand, exports surplus aluminium structures to the international market.
In 2015, Japan exported 4064.03 tonnes of aluminium structures for use in building and construction sector globally. The volume witnessed significant increase in 2016, when the total aluminium structures exports from Japan reached 6012.26 tonnes, up 48 per cent from 2015. In 2017, till August, the total aluminium structures shipments from Japan, is forecasted to reach 4083.38 tonnes.
In 2015, the total shipment value of aluminium structures from Japan was estimated at USD 46.8 million. The value realization increased 28.11 per cent year-over-year to reach USD 59.9 million in 2016. In 2017, the value of aluminium structures export from Japan is forecasted to reach USD 41.5 million till August as per data received from reliable sources.
India, China, Australia, and Malaysia remained the top destinations of Japan's aluminium structures export in 2016. The country shipped 784.03 tonnes of the aluminium downstream products to India, 275.81 tonnes to China, 128.24 tonnes to Malaysia, and 108.8 tonnes to Australia in the past one year.
Japan, which imports almost all of the 1.7 million tonne per year of aluminium it needs, contracts most of its aluminium volumes on a fixed-premium basis and also quarterly through the cif major Japanese port benchmark.
Source : AL Circle