Brazilian aluminium demand to rise 3.3% in 2022, industry group says

The Brazilian aluminium market will grow at a more moderate pace of 3.32% in 2022 after consumption soared in 2021 and reached the highest levels in a decade, industry group Abal said on Wednesday December 8.

Finished aluminium product consumption was expected to total 1.60 million tonnes this year and then rise to 1.65 million tonnes in the coming year, the association said. That would mean the annual increase rate of 12.22% in 2021 from 1.42 million tonnes in 2020 would slow down to 3.32% in 2022.
Abal also showed their latest consolidated figures for the year. In the January-September period in 2021, consumption totaled 1.19 million tonnes, 16.55% higher than 1.02 million tonnes in the corresponding period of 2020.

That growth was led by rolled products, whose demand hit 663,400 tonnes, up by 20.42% from 550,900 tonnes...

Published

Renato Rostás

December 08, 2021

23:39 GMT

São Paulo