India’s aluminium exports (across all categories) drifted down by 12.55% in August 2022 to 379,288 tonnes (t) as against 433,728 t in July 2022, as per customs data maintained with SteelMint.
Commodity-wise exports – August 2022
Ores/concentrate have the second highest export contributions of 44%. These were registered at 167,544 t, down 28% against 232,341 t in the previous month.
Finished long contributions are 4% and these were at 13,691 t, down 8% against 14,954 t over the previous month.
Aluminium scrap exports were registered at 730 t, down 13% against 836 t in July while the monthly average export volumes were registered at 800 t with a total volume of 6,424 t from January-August, 2022.
On the contrary, semi-finished contributes the major portion of 50% of exports. These were at 187,825 t in August 2022, up 6% against 176,581 t in July.
Finished flats merely contributed 3% at 9,498 t and were up 5% m-o-m in August against 9,016 t in July.
Country-wise exports – August 2022
The UAE remained the most preferred export destination with 65,213 t. These volumes were substantially down by 65% and overall contributed 17% of total exports out of India, followed by the Netherlands at 52,936 t — which were sharply up 337% and contributed 14% of total exports. South Korea exported 24,412 t, down 51% with a 6% share.
Other countries like the US, Japan, and Taiwan recorded 14,917 t (-2%), 10,498 t (+120%), and 7,715t (-30%) respectively in August.
Factors that could be attributed to the fall in export volumes were limited supplies to usual destinations like Turkey, the UAE, South Korea, and Taiwan.
Further, supportive automobile sales along with improved housing sales in major urban cities in Indian may be the possible reasons for restrained monthly export volumes in August 2022.
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