Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China (FOB) - 2023
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China (CIF) - 2023
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China (FOB) - 2023
In December 2023, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $3,518 per ton, remaining stable against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 when the average export price increased by 3.5% month-to-month. The export price peaked at $3,675 per ton in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Australia ($4,055 per ton), while the average price for exports to Nigeria ($2,339 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China (CIF) - 2023
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $8,309 per ton in December 2023, surging by 1.8% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 14% month-to-month. As a result, import price attained the peak level of $8,986 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($9,126 per ton), while the price for Zimbabwe ($1,611 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China
In 2022, exports of aluminium; alloys, bars, rods and profiles, other than hollows from China expanded slightly to 425K tons, with an increase of 2.3% against 2021. Over the period under review, exports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows expanded notably to $1.7B in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 37%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 87.4 | 68.7 | 118 | 117 | 10.2% |
| Australia | 78.8 | 70.2 | 91.7 | 90.1 | 4.6% |
| Malaysia | 53.3 | 33.0 | 65.4 | 84.3 | 16.5% |
| Nigeria | 44.2 | 48.9 | 82.2 | 80.7 | 22.2% |
| Israel | 35.8 | 37.3 | 54.8 | 77.6 | 29.4% |
| India | 33.6 | 28.4 | 49.0 | 74.2 | 30.2% |
| Italy | 47.8 | 32.0 | 33.0 | 70.1 | 13.6% |
| Mexico | 39.3 | 34.0 | 58.5 | 66.6 | 19.2% |
| South Africa | 45.7 | 44.0 | 62.6 | 65.6 | 12.8% |
| Thailand | 40.7 | 40.1 | 53.7 | 64.7 | 16.7% |
| United Kingdom | 73.7 | 45.9 | 70.9 | 55.7 | -8.9% |
| United States | 29.1 | 22.2 | 23.1 | 55.1 | 23.7% |
| Vietnam | 96.1 | 35.2 | 38.0 | 46.4 | -21.5% |
| Others | 706 | 555 | 701 | 756 | 2.3% |
| Total | 1,411 | 1,096 | 1,502 | 1,704 | 6.5% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from China in 2022:
- Philippines (31.1K tons)
- Nigeria (28.7K tons)
- Israel (21.2K tons)
- Australia (21.0K tons)
- Malaysia (21.0K tons)
- Italy (18.4K tons)
- South Africa (18.4K tons)
- India (17.6K tons)
- Mexico (17.0K tons)
- Thailand (14.0K tons)
- United Kingdom (12.6K tons)
- Vietnam (11.8K tons)
- United States (10.8K tons)
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China
In 2022, purchases abroad of aluminium; alloys, bars, rods and profiles, other than hollows was finally on the rise to reach 29K tons after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $247M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 65.7 | 40.3 | 37.2 | 98.2 | 14.3% |
| United States | 59.9 | 50.2 | 45.2 | 54.6 | -3.0% |
| Japan | 34.8 | 43.8 | 28.0 | 34.1 | -0.7% |
| Germany | 7.2 | 9.1 | 12.6 | 10.1 | 11.9% |
| South Korea | 15.7 | 11.5 | 11.1 | 9.9 | -14.2% |
| Thailand | 6.8 | 3.7 | 5.6 | 4.8 | -11.0% |
| United Kingdom | 2.5 | 3.6 | 1.9 | 4.1 | 17.9% |
| Belgium | 1.0 | 1.7 | 3.0 | 3.5 | 51.8% |
| Vietnam | 0.6 | 1.7 | 2.6 | 2.9 | 69.1% |
| Uganda | N/A | N/A | 0.4 | 1.8 | 350.0% |
| Canada | 2.2 | 1.9 | 4.9 | 1.5 | -12.0% |
| Others | 19.6 | 22.8 | 20.7 | 21.3 | 2.8% |
| Total | 216 | 190 | 173 | 247 | 4.6% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to China in 2022:
- Taiwan (Chinese) (10.8K tons)
- United States (5.3K tons)
- Japan (4.1K tons)
- South Korea (1.5K tons)
- Thailand (1.1K tons)
- Germany (1.0K tons)
- Uganda (0.8K tons)
- United Kingdom (0.6K tons)
- Vietnam (0.5K tons)
- Belgium (0.5K tons)
- Canada (0.4K tons)
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