Explore Everything about Aluminium Scrap Import Data
Staying ahead in the fast-paced world of global trade requires informed decision-making. Data analysis is critical for companies in the aluminium scrap business. Understanding and exploring aluminium scrap import data and aluminium scrap importer data is critical for success. In this in-depth blog, we will look at the significance of these datasets, delve into the complexities of the aluminium scrap trade, and offer insights to help your organisation achieve new heights.
What is scrap aluminium used for?
Aluminium scrap is a valuable resource in numerous manufacturing industries across the world. The economic and environmental benefits of this precious material have driven up demand for it. It is one of the most cost-effective and plentiful sources of aluminium scrap, and it is widely used in low-end products that do not require high-grade aluminium. Old sheet aluminium is commonly used in HVAC systems, heat exchangers, and fan blades. It can also be used as a construction material.
It is vital to understand the various types of aluminium scrap to determine its application and value. Each class has unique qualities that make it suitable for a variety of applications.
Know about the Aluminium scrap Market
The Indian aluminium scrap market recently saw a considerable spike in pricing due to a jump in futures contracts on the London Metal Exchange. Despite this, transactions in the western region have been limited due to the absence of key trade partners as the holiday season approaches.
According to Aluminium Trade Data, the global aluminium market was worth USD 159.32 billion in 2021 and is predicted to reach USD 255.91 billion by 2029.
However, the current market conditions encourage other significant scrap supply regions, like the Middle East, where tense scrap prices have been appraised at $1,575 per tonne, marking a $35 per tonne week-on-week increase, according to SteelMint.
Aluminium Scrap Import Data for 2023–24
According to Aluminium scrap import data, India is the world’s largest importer of aluminium scrap, with a massive 506,864 cargoes predicted in 2023. These imports come from a global network of 14,928 suppliers who serve 3,453 Indian importers.
According to aluminium scrap exporter data, the United States, Saudi Arabia, and the United Arab Emirates are India’s key suppliers, confirming their standing as the top destinations for aluminium scrap exports.
Interestingly, Pakistan and South Korea are the world’s second and third-largest importers of aluminium scrap, indicating that demand for this adaptable resource is expanding behind India. Within India, certain HSN codes such as 76020010, 72044900, and 76020090 are the top product categories for aluminium scrap imports, demonstrating the material’s diverse usage.
Businesses must also focus on aluminium scrap importer data to negotiate the complex aluminium scrap trade scenario. Our Seair Exim Solutions dataset gives a detailed overview of enterprises that import aluminium scrap.
Exploring the Top Aluminium Scrap Importers:
One of the most important aspects of aluminium scrap import data is identifying the top aluminium importers. Businesses can customise their approaches to high-potential markets by recognising the industry’s key players. This study goes beyond the basics to uncover top 10 aluminium scrap importing countries, offering light on rising trends and market dynamics.
According to the aluminium scrap importers list, the following are the top scrap importers worldwide:
- China
- India
- United States
- Japan
- South Korea
- Taiwan
- Germany
- Italy
- France
- Mexico
Aluminium import statistics must be studied to acquire a thorough understanding of the aluminium market and the top scrap importers. Our unique dashboard lets you quickly access critical information, significant scrap importers, and the HS code of aluminium scrap.
How Can I Get Import Statistics for Aluminium Scrap?
There are numerous methods for collecting aluminium scrap import statistics. To acquire accurate and up-to-date import statistics for aluminium scrap, visit Seair Exim Solutions and have access to real-time product databases. We also provide a list of genuine scrap importers and their HS codes. We at Seair Exim Solutions also provide import and export data, including importer names and Exim data. In addition, we offer an exclusive database of over 100 global nations. If you have any questions about top aluminium scrap importers, you may contact Seair Exim Solutions and obtain worldwide industry insights right at your doorstep!
