Charts & StatsSep 2, 2026

Global Aluminum market [2016-2023] by South America

By South America, the market is segmented into South America, Argentina, Mexico, Brazil, and Rest of South America (2016-2023)

Author: Wantstats Research TeamSource: Wantstats Repository

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Global Aluminum market [2016-2023] by South America — full underlying data
Label	South America	Argentina	Mexico	Brazil	Rest of South America
2016	3532.00 USD Mn	531.5 USD Mn	1597.60 USD Mn	1195.00 USD Mn	207.8 USD Mn
2017	4115.90 USD Mn	618.1 USD Mn	1864.30 USD Mn	1392.70 USD Mn	240.8 USD Mn
2018	4570.20 USD Mn	684.9 USD Mn	2072.80 USD Mn	1546.60 USD Mn	265.9 USD Mn
2019	4858.30 USD Mn	726.5 USD Mn	2206.50 USD Mn	1644.30 USD Mn	281 USD Mn
2020	5153.60 USD Mn	769 USD Mn	2343.80 USD Mn	1744.40 USD Mn	296.4 USD Mn
2021	5467.10 USD Mn	814.1 USD Mn	2489.70 USD Mn	1850.80 USD Mn	312.5 USD Mn
2022	5801.50 USD Mn	862.1 USD Mn	2645.60 USD Mn	1964.20 USD Mn	329.7 USD Mn
2023	6061.60 USD Mn	898.8 USD Mn	2768.30 USD Mn	2052.00 USD Mn	342.5 USD Mn

Data Source: Wantstats Repository

Market Dynamics

Mexico accounted for the largest market share in 2017 in the South America aluminum market, and is expected to reach USD 2768.30 Million in 2023 from USD 1864.30 Million in 2017.This market is projected to grow at a CAGR of 5.96% during the forecast period from 2018 - 2023. transportation segment accounted for the largest market share in 2017, this market is expected to reach USD 1937.30 Million in 2023 from USD 1256.30 Million in 2017. This market is projected to grow at a CAGR of 6.63% during the forecast period from 2018 - 2023. extrusions segment accounted for the largest market share in 2017, this market is expected to reach USD 1597.10 Million in 2023 from USD 1092.10 Million in 2017. This market is projected to grow at a CAGR of 5.69% during the forecast period from 2018 - 2023. However, flat rolled segment is the fastest growing market, which is expected to grow at a CAGR of 6.32% during the forecast period 2018 - 2023. primary segment accounted for the larger market share in 2017, this market is expected to reach USD 4009.50 Million in 2023 from USD 2768.40 Million in 2017. This market is projected to grow at a CAGR of 5.51% during the forecast period from 2018 - 2023. However, secondary segment is the fastest growing market, which is expected to grow at a CAGR of 6.41% during the forecast period 2018 - 2023.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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