INDIAN ALUMINIUM INDUSTRY AT A GLANCE IN 2022-2023
Bauxite, the raw material for Aluminium is found abundantly in Orissa which is the largest aluminium producing state in India. It manufactures more than half of India's aluminium. Aluminium market size in India reached USD 160 billion in 2022 and is poised to depict over 5% CAGR through 2023-2032.
The rising preference for aluminium packaging in the food and pharma sectors will propel the Indian aluminium market.
Total aluminium demand in India in fiscal 2022 was at 3.9 million tonnes, logging a CAGR of 4-5% over fiscals 2015 to fiscal 2022.
Indian Aluminium Exports was reported at 8,248,048.505 USD th in Dec 2022.
This records an increase from the previous number of 7,950,466.674 USD th for Dec 2021.
India Aluminium Exports data averages to about 802,165.855 USD th from Dec 1995 to 2022.
The data reached an all-time high of 8,248,048.505 USD th in 2022 and a record low of 96,523.512 USD th in 1998.
Primary aluminium productionIndia's aluminium output reached 4 million tonnes in 2022, making it the world's second-biggest producer. Key aluminium refineries and smelters in India, such as Vedanta's Jharsuguda, are one of the world's biggest single-location aluminium smelters.
Future scopeIndia's aluminium demand is expected to be approx. 10 million tons by 2030, driven by a surge in transportation, building and construction, infrastructure development, electrical, renewable energy, aerospace and defence industries.
