Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States (CIF) - 2023
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States (FOB) - 2023
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States (CIF) - 2023
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $5,226 per ton in December 2023, falling by -3.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 1.3% month-to-month. As a result, import price reached the peak level of $5,863 per ton. From April 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 Germany ($13,093 per ton), while the price for Vietnam ($3,625 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 Germany (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States (FOB) - 2023
In December 2023, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $6,367 per ton, reducing by -14.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average export price increased by 7.1% month-to-month. As a result, the export price attained the peak level of $7,454 per ton, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($15,967 per ton), while the average price for exports to Israel ($5,199 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 the UK (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States
For the fourth year in a row, the United States recorded growth in purchases abroad of aluminium; alloys, bars, rods and profiles, other than hollows, which increased by 11% to 177K tons in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume 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, imports increased by +50.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $1B in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 204 | 182 | 285 | 344 | 19.0% |
| Mexico | 47.2 | 60.3 | 102 | 171 | 53.6% |
| Vietnam | 20.9 | 21.5 | 51.9 | 91.1 | 63.4% |
| Turkey | 22.9 | 25.8 | 40.3 | 74.1 | 47.9% |
| Ecuador | 15.4 | 20.4 | 28.6 | 40.2 | 37.7% |
| Indonesia | 29.8 | 22.5 | 23.2 | 34.8 | 5.3% |
| India | 8.7 | 8.7 | 16.1 | 25.7 | 43.5% |
| Dominican Republic | 1.7 | 5.8 | 18.4 | 23.5 | 140.0% |
| Italy | 27.1 | 16.6 | 22.0 | 23.0 | -5.3% |
| Colombia | 22.9 | 22.6 | 25.2 | 22.4 | -0.7% |
| Honduras | 5.4 | 9.7 | 14.7 | 20.7 | 56.5% |
| Slovenia | 8.6 | 7.7 | 5.6 | 18.8 | 29.8% |
| Malaysia | 10.9 | 13.2 | 15.2 | 17.3 | 16.6% |
| Others | 128 | 102 | 116 | 144 | 4.0% |
| Total | 553 | 519 | 764 | 1,050 | 23.8% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to the United States in 2022:
- Canada (48.0K tons)
- Mexico (30.1K tons)
- Vietnam (20.5K tons)
- Turkey (13.8K tons)
- Ecuador (8.6K tons)
- Indonesia (7.7K tons)
- India (5.3K tons)
- Dominican Republic (5.0K tons)
- Colombia (3.7K tons)
- Italy (3.6K tons)
- Malaysia (3.6K tons)
- Honduras (3.2K tons)
- Slovenia (2.9K tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States
In 2022, approx. 133K tons of aluminium; alloys, bars, rods and profiles, other than hollows were exported from the United States; surging by 2.5% on the previous year's figure. Overall, exports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $862M in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 350 | 250 | 318 | 396 | 4.2% |
| Canada | 171 | 147 | 193 | 240 | 12.0% |
| United Kingdom | 37.8 | 25.1 | 26.1 | 38.9 | 1.0% |
| China | 24.0 | 32.2 | 27.1 | 34.5 | 12.9% |
| Israel | 37.6 | 51.8 | 37.3 | 28.4 | -8.9% |
| South Korea | 42.8 | 35.4 | 13.4 | 21.3 | -20.8% |
| Others | 126 | 84.8 | 74.7 | 103 | -6.5% |
| Total | 789 | 626 | 689 | 862 | 3.0% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from the United States in 2022:
- Mexico (74.6K tons)
- Canada (33.3K tons)
- Israel (5.3K tons)
- China (4.2K tons)
- United Kingdom (3.7K tons)
- South Korea (2.2K tons)
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