Aluminium Wire Price in Canada - 2023
Contents:
- Aluminium Wire Price in Canada (FOB) - 2023
- Aluminium Wire Price in Canada (CIF) - 2023
- Aluminium Wire Exports in Canada
- Aluminium Wire Imports in Canada
Aluminium Wire Price in Canada (FOB) - 2023
The average aluminium wire export price stood at $3,333 per ton in June 2023, which is down by -2.4% against the previous month. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 8.1% m-o-m. Over the period under review, the average export prices reached the peak figure at $4,249 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -2.0% per month.
Aluminium Wire Price in Canada (CIF) - 2023
The average aluminium wire import price stood at $5,514 per ton in June 2023, increasing by 11% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $5,987 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($9,899 per ton), while the price for India ($3,435 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Exports in Canada
In 2022, after three years of growth, there was decline in shipments abroad of aluminium wires, when their volume decreased by -2.3% to 165K tons. The total export volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 36% against the previous year.
In value terms, aluminium wire exports reduced rapidly to $477M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of $571M, and then fell rapidly in the following year.
| Export of Aluminium Wire in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 283 | 344 | 543 | 442 | 16.0% |
| Italy | 1.0 | 2.3 | 14.2 | 11.6 | 126.4% |
| Mexico | 18.9 | 1.2 | 0.9 | 5.6 | -33.3% |
| Others | 13.8 | 36.0 | 13.4 | 18.5 | 10.3% |
| Total | 317 | 383 | 571 | 477 | 14.6% |
Top Export Markets for Aluminium Wire from Canada in 2022:
- United States (152.9K tons)
- Italy (3.5K tons)
- Mexico (2.9K tons)
Aluminium Wire Imports in Canada
In 2022, overseas purchases of aluminium wires were finally on the rise to reach 9.6K tons after two years of decline. Over the period under review, imports, however, continue to indicate a deep setback.
In value terms, aluminium wire imports fell to $36M in 2022. In general, imports, however, showed a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year.
| Import of Aluminium Wire in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.4 | 13.5 | 18.5 | 15.4 | 2.3% |
| Netherlands | 6.1 | 3.8 | 6.3 | 5.3 | -4.6% |
| United Arab Emirates | 4.5 | 0.8 | 5.9 | 5.0 | 3.6% |
| Oman | 1.8 | 3.5 | 3.2 | 2.7 | 14.5% |
| Bahrain | 3.4 | 6.0 | 0.5 | 2.5 | -9.7% |
| Poland | 4.3 | 2.6 | N/A | 1.7 | -26.6% |
| China | 0.6 | 0.7 | 1.0 | 0.8 | 10.1% |
| Spain | 0.8 | 0.8 | 0.8 | 0.7 | -4.4% |
| Others | 2.5 | 1.8 | 1.3 | 1.5 | -15.7% |
| Total | 38.4 | 33.5 | 37.6 | 35.5 | -2.6% |
Top Suppliers of Aluminium Wire to Canada in 2022:
- United States (3.3K tons)
- United Arab Emirates (1.7K tons)
- Netherlands (1.2K tons)
- Oman (1.2K tons)
- Bahrain (0.9K tons)
- Poland (0.5K tons)
- China (0.3K tons)
- Spain (0.1K tons)
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Global Non-Alloy Aluminium Wire Market Report 2018. This report provides an in-depth analysis of the global non-alloy aluminium wire market.
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In February 2023, the aluminium alloy wire price stood at $4,063 per ton (FOB, Canada), growing by 16% against the previous month.
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In February 2023, the aluminium alloy wire price stood at $4,063 per ton (FOB, Canada), growing by 16% against the previous month.
