The Aluminum Association has released the latest edition of its Aluminum Statistical Review, which includes statistical information on all aspects of the aluminum value chain through 2016.
The report reveals that aluminum demand in the U.S. and Canada totaled 26.4 billion pounds in 2016, an increase of 2.6 percent from 2015, and the seventh straight year of consecutive demand growth. Aluminum demand is up 41 percent since 2009, approaching record levels last seen in the mid-2000s. Growth in the automotive market contributed significantly to the continued demand increases. Aluminum shipments for use in passenger vehicles totaled 5.9 billion pounds in 2016, the second year in a row of record shipments since tracking began in 1967. At the same time, total imports spiked by nearly 33 percent in 2016 to a record 7.3 billion pounds.
Key findings for the North American industry show that in 2016:
Primary aluminum production decreased 9.8 percent from 2015 to 8.9 billion pounds.
Shipments to the Transportation sector grew 1.0 percent to 9.3 billion pounds, the largest single market and 35.2 percent of total net shipments. Since 2009, the transportation market has grown nearly 116 percent.
Shipments in the Building and Construction market increased 3.3 percent to 3.2 billion pounds. Shipments in that market have grown more than 25 percent since 2009.
Container and Packaging shipments were up 1.0 percent over 2015, totaling 4.8 billion pounds.
A net exporter of aluminum, Canadian aluminum exports totaled 8.2 billion pounds, an increase of 8.5 percent over the previous year.