Brazing aluminium alloy is a method used for a number of purposes including examples such as repairing cracks, holes, leaks, fabricating, and casting aluminium more easily and strongly. This is done with a brazing rod made of aluminium alloy. The brazing aluminium alloy market will likely grow at a compound annual growth rate of 4% for the forecast period from 2021 to 2026.
Asia-Pacific region has the highest growth associated with the existing brazing aluminium alloy market. China stands at the top of our results, however, comparing global trade statistics 2020 with global trade statistical data 2021, Germany has taken over China for both import and export of the aluminium alloy brazing rods. The classification of brazing rods made with aluminium alloy in variations of HS-Code is 760429.
Aluminium Alloy Brazing Rods, Import
Germany imported the highest value of brazing rods in the world for the year 2020 with a total import value of $1.1 billion. Below is the Germany import data, represented in the table format, for the comparison of years 2020 and 2021 on a yearly basis. The number of months consisting in both the years, especially for 2021 is due to the availability of Germany trade data 2021.
Germany accounted for the highest imports of brazing rods in February 2020 with a value of $109.2 million. The month of August in 2020 accounted for the least imports of Germany for HS-Code classification 760429. In 2021, the month of June accounted for the highest imports with a value of $153.3 million, while the least imported value is $118.5 million for January.
However, the total imports in 2020 are $785.5 million, and $1.1 billion in 2021. This proves that Germany’s market is growing for the brazing aluminium alloy as the requirement of brazing rods have skyrocketed in 2021 as compared to 2020.
Aluminium Alloy Brazing Rods, Export
China is the top exporting country for aluminium alloy brazing rods in 2020 with exports worth about $1 billion. However, Germany export has risen considerably much higher than China for the year 2021. Look at the trade data below representing a year-on-year comparison between China and Germany with metrics taken for the quarters of 2020 and 2021 with their corresponding approximate exported share value, retrieved from our imports and exports databse.
According to our trade data analysts, both China and Germany share the potential for the brazing aluminium alloy market in the coming years. China has been the largest market of this, but Germany shows potential values and growth for both import and export.