Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia (FOB) - 2023
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia (CIF) - 2022
3. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia
4. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia (FOB) - 2023

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $2,422 per ton in October 2023, approximately reflecting the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 2.9% m-o-m. As a result, the export price attained the peak level of $2,730 per ton. From February 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In October 2023, the countries with the highest prices were Australia ($2,803 per ton) and Thailand ($2,750 per ton), while the average price for exports to Vietnam ($2,343 per ton) and Cambodia ($2,420 per ton) were amongst the lowest.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.3%), while the prices for the other major destinations experienced a decline.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia (CIF) - 2022

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $5,636 per ton in 2022, jumping by 19% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +56.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 84% against the previous year. As a result, import price attained the peak level of $6,325 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($10,331 per ton), while the price for Indonesia ($2,713 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia

For the fourth year in a row, Malaysia recorded growth in shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, which increased by 14% to 30K tons in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 123% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $90M in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 177% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Malaysia in 2022:

1. Cambodia (18.7K tons)
2. Vietnam (7.7K tons)
3. Turkey (1.3K tons)
4. South Korea (0.9K tons)
5. New Zealand (0.4K tons)
6. South Africa (0.2K tons)

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Malaysia

In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms into Malaysia soared to 520 tons, rising by 48% against the year before. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $2.9M in 2022. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Malaysia in 2022:

1. China (369.2 tons)
2. Singapore (60.3 tons)
3. United States (48.6 tons)
4. Taiwan (Chinese) (21.0 tons)
5. Italy (13.1 tons)

Source: IndexBox Market Intelligence Platform