Industry Analysis & Industry Trends
Over the past five years, revenue for the Aluminum Manufacturing industry has fluctuated dramatically due to volatile aluminum prices and worldwide demand. Revenue surged over 2011 as aluminum prices spiked in response to rebounding postrecession demand, particularly from emerging markets. However, as growth slowed in emerging economies and remained uncertain in developed countries, aluminum prices started to deteriorate in 2012, with overall annualized revenue declining over the five years to 2016. Despite these challenges, the industry is poised for strong recovery and organic growth over the next five years, in which revenue is forecast to increase, strengthened by demand from downstream manufacturing and costruction industries.
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Industry Report - Industry Locations Chapter
The Aluminum Manufacturing industry is most heavily concentrated in Quebec, which houses 40.6% of industry establishments. Other primary areas for industry activity are Ontario (38.4%), British Columbia (14.5%) and Alberta (5.1%). No other province has more than two industry establishments.
The geographic distribution of industry establishments reflects the importance of being close to downstream markets. Quebec and Ontario are two of the most populous provinces in Canada and house a number of manufacturing industries and construction companies. Furthermore, access to affordable electric power has a profound influence on establishment distribution, especially for the primary aluminum product segment... purchase to read more