Q1 2024
In Q1 2024, the global market for aluminum sheets saw divergent trends across key regions. China experienced a notable increase in demand, driven by strong industrial activity and infrastructure projects, leading to higher production and price levels. In contrast, India, the UK, and the USA saw a decrease in aluminium sheet prices. India faced a slowdown in manufacturing and construction sectors, leading to reduced demand. Similarly, the UK and USA experienced weaker consumer and industrial activity, further exacerbated by inflationary pressures and supply chain challenges, contributing to the downward price movement in these regions. Overall, while China’s market growth counterbalanced the declines in other regions, the global market remained volatile.
Q2 2024
In Quarter 2 of 2024, the global aluminium sheet market is experiencing a robust upward trend, driven by rising demand from key regions such as China, India, the UK, and the USA. China, as a dominant player in the industry, continues to expand its manufacturing capacity, leading to increased consumption of aluminium sheets for both domestic use and export. In India, the growing automotive and construction sectors are fueling a strong demand for aluminium sheets, while the UK and USA are seeing a rebound in their manufacturing industries, particularly in automotive, aerospace, and construction applications. Combined, these factors are propelling the global market, with aluminium sheet prices expected to rise as supply chains adjust to meet the surging demand.
Q3 2024
In Q3 2024, the global aluminium sheet market experienced a notable downturn, with significant declines observed across major markets. China, a key player in the sector, saw a decrease in aluminium sheet demand driven by a slowdown in industrial activity and a reduction in construction projects. Similarly, India, the UK, and the USA faced declines, albeit influenced by different regional factors. In India, the slowdown in infrastructure and automotive sectors dampened aluminium sheet consumption. The UK experienced weaker demand due to a combination of economic uncertainty and reduced manufacturing output. In the USA, a decline in construction and transportation sectors led to lower aluminium sheet consumption. This combined decrease across these regions highlights a global trend of reduced industrial activity, posing challenges for producers and suppliers in Q3 2024.
Q4 2024
In Q4 2024, the global aluminium sheet market saw a notable upward trend, driven primarily by demand from key regions like China, India, the UK, and the USA. China’s expanding manufacturing sector, along with its infrastructure initiatives, propelled domestic demand for aluminium sheets, fostering price growth. Similarly, India experienced rising demand due to increased construction activities and automotive manufacturing, which spurred production and consumption. The UK and USA also contributed to the global trend, with both countries benefiting from a rebounding industrial sector and a surge in construction projects, particularly in infrastructure and renewable energy.