Price for Aluminium; Alloys, Hollow Profiles in Ireland - 2023

Contents:

  1. Price for Aluminium; Alloys, Hollow Profiles in Ireland (CIF) - 2023
  2. Price for Aluminium; Alloys, Hollow Profiles in Ireland (FOB) - 2023
  3. Imports of Aluminium; Alloys, Hollow Profiles in Ireland
  4. Exports of Aluminium; Alloys, Hollow Profiles in Ireland

Price for Aluminium; Alloys, Hollow Profiles in Ireland (CIF) - 2023

In June 2023, the average aluminium; alloys, hollow profiles import price amounted to $8,339 per ton, rising by 5.3% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 42% m-o-m. As a result, import price attained the peak level of $12,017 per ton. From December 2022 to June 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($30,572 per ton), while the price for Belgium ($7,655 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 China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Hollow Profiles in Ireland (FOB) - 2023

In June 2023, the average aluminium; alloys, hollow profiles export price amounted to $19,141 per ton, reducing by -56.4% against the previous month. Overall, the export price saw a deep setback. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 147% month-to-month. The export price peaked at $70,821 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($166K per ton), while the average price for exports to Japan ($5,560 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+50.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Hollow Profiles in Ireland

In 2022, aluminium; alloys, hollow profiles imports into Ireland stood at 1.7K tons, approximately mirroring the previous year's figure. Overall, imports showed a noticeable increase. The smallest decline of -25% was in 2020. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, aluminium; alloys, hollow profiles imports stood at $14M in 2022. Over the period under review, imports continue to indicate a resilient increase. The smallest decline of -28.3% was in 2020. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Aluminium; Alloys, Hollow Profiles in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom1.51.7N/A6.563.0%
Belgium3.22.6N/A3.1-1.1%
Germany1.51.7N/A1.50.0%
China0.40.4N/A0.40.0%
Italy1.90.2N/A0.1-62.5%
Others1.20.5N/A2.222.4%
Total9.87.0N/A13.912.4%

Top Suppliers of Aluminium; Alloys, Hollow Profiles to Ireland in 2022:

  1. United Kingdom (857.5 tons)
  2. Belgium (449.8 tons)
  3. Germany (215.9 tons)
  4. China (66.5 tons)
  5. Italy (15.3 tons)

Exports of Aluminium; Alloys, Hollow Profiles in Ireland

In 2022, approx. 128 tons of aluminium; alloys, hollow profileses were exported from Ireland; approximately mirroring the previous year's figure. Overall, exports showed a significant decline. The smallest decline of -77.8% was in 2020.

In value terms, aluminium; alloys, hollow profiles exports amounted to $7M in 2022. Over the period under review, exports continue to indicate a resilient increase. The smallest decline of -21.6% was in 2020. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Aluminium; Alloys, Hollow Profiles in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.93.0N/A5.210.1%
United Kingdom0.20.2N/A1.6100.0%
SingaporeN/AN/AN/A0.10%
BelgiumN/AN/AN/AN/A0%
LebanonN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total4.13.2N/A7.019.5%

Top Export Markets for Aluminium; Alloys, Hollow Profiles from Ireland in 2022:

  1. United States (71.8 tons)
  2. United Kingdom (48.3 tons)
  3. Singapore (4.0 tons)
  4. Belgium (3.1 tons)

Source: IndexBox Market Intelligence Platform

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