Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain (FOB) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain (CIF) - 2023
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain (FOB) - 2022
In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,823 per ton, picking up by 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($6,400 per ton), while the average price for exports to China ($2,817 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain (CIF) - 2023
In October 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,756 per ton, dropping by -5.1% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 21% month-to-month. Over the period under review, average import prices attained the maximum at $4,254 per ton in February 2023; however, from March 2023 to October 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from the United States ($4,444 per ton) and China ($3,796 per ton), while the price for Bahrain ($3,297 per ton) and Vietnam ($3,762 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain
Exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms from Spain shrank to 20K tons in 2022, with a decrease of -8% compared with the year before. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports attained the peak of 22K tons, and then reduced in the following year.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $98M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +73.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.2 | 20.6 | 27.4 | 33.1 | 16.0% |
| United States | 8.1 | 5.9 | 8.8 | 13.8 | 19.4% |
| Switzerland | 3.9 | 3.5 | 6.3 | 6.5 | 18.6% |
| Italy | 4.0 | 3.8 | 5.7 | 5.2 | 9.1% |
| India | 0.7 | 0.7 | 4.1 | 4.4 | 84.6% |
| Turkey | 2.0 | 2.2 | 3.5 | 3.8 | 23.9% |
| Egypt | N/A | N/A | 0.6 | 3.3 | 450.0% |
| Slovenia | 0.9 | 1.0 | 2.1 | 3.0 | 49.4% |
| Japan | 0.7 | 1.0 | 1.3 | 2.2 | 46.5% |
| Norway | 1.5 | 1.2 | 1.2 | 2.1 | 11.9% |
| France | 1.4 | 1.7 | 2.4 | 1.9 | 10.7% |
| Russia | 2.4 | 2.4 | 2.1 | 1.8 | -9.1% |
| China | 0.9 | 0.4 | 2.1 | 1.1 | 6.9% |
| Others | 14.2 | 12.3 | 16.9 | 16.0 | 4.1% |
| Total | 62.0 | 56.4 | 84.3 | 98.1 | 16.5% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Spain in 2022:
- Germany (7.3K tons)
- United States (3.0K tons)
- Switzerland (1.4K tons)
- Italy (1.0K tons)
- Turkey (0.8K tons)
- India (0.8K tons)
- Slovenia (0.6K tons)
- Egypt (0.5K tons)
- France (0.4K tons)
- China (0.4K tons)
- Norway (0.4K tons)
- Russia (0.4K tons)
- Japan (0.3K tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain
For the fourth year in a row, Spain recorded growth in purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, which increased by 7.8% to 5.1K tons in 2022. The total import volume increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $21M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.6 | 7.1 | 7.6 | 8.8 | 24.1% |
| United States | 2.7 | 1.9 | 3.2 | 4.6 | 19.4% |
| Bahrain | 0.4 | 0.4 | 0.8 | 2.6 | 86.6% |
| Vietnam | 0.1 | 0.1 | 0.7 | 1.4 | 141.0% |
| Netherlands | 1.0 | N/A | N/A | 1.3 | 9.1% |
| United Arab Emirates | N/A | N/A | N/A | 0.8 | 0% |
| China | 0.1 | 0.1 | 0.3 | 0.6 | 81.7% |
| Mozambique | 0.6 | 1.1 | 0.1 | N/A | -59.2% |
| Others | 1.2 | 1.6 | 2.6 | 0.9 | -9.1% |
| Total | 10.6 | 12.3 | 15.3 | 21.1 | 25.8% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Spain in 2022:
- France (2214.0 tons)
- United States (1004.0 tons)
- Bahrain (741.0 tons)
- Vietnam (331.2 tons)
- United Arab Emirates (239.9 tons)
- Netherlands (207.4 tons)
- China (117.6 tons)
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