Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Sweden - 2023

Contents:

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

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Sweden (CIF) - 2023

In October 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $9,695 per ton, surging by 34% against the previous month. Over the period under review, import price indicated prominent growth from October 2022 to October 2023: its price increased at an average monthly rate of +5.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses increased by +57.4% against July 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 43% month-to-month. The import price peaked in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Norway ($24,970 per ton), while the price for China totaled $7,415 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Norway (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Sweden (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $6,077 per ton in 2022, growing by 56% against the previous year. Overall, the export price, however, recorded a mild contraction. The export price peaked at $7,677 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($9,004 per ton), while the average price for exports to Latvia ($4,599 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 Denmark (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Sweden

In 2022, approx. 1.1K tons of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were imported into Sweden; waning by -5.7% on 2021 figures. Over the period under review, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 8.7% against the previous year.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses surged to $5.8M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern 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.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Sweden in 2022:

1. Italy (675.6 tons)
2. Czech Republic (132.9 tons)
3. Turkey (103.1 tons)
4. Germany (67.1 tons)
5. France (55.9 tons)
6. Poland (34.3 tons)
7. Spain (26.9 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Sweden

After three years of growth, overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -48.2% to 217 tons in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. As a result, the exports reached the peak of 418 tons, and then dropped rapidly in the following year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses contracted sharply to $1.3M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +36.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 31% against the previous year.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Sweden in 2022:

1. Norway (102.1 tons)
2. Finland (72.7 tons)
3. Latvia (14.8 tons)
4. Germany (11.5 tons)
5. Lithuania (9.6 tons)

Source: IndexBox Market Intelligence Platform