Aluminium Wire Price in Paraguay - 2024
Contents:
Aluminium Wire Price in Paraguay (CIF) - 2024
In March 2024, the average aluminium wire import price amounted to $2,965 per ton, flattening at the previous month. Overall, the import price showed a mild reduction. The most prominent rate of growth was recorded in May 2023 an increase of 49% month-to-month. The import price peaked at $3,497 per ton in September 2023; however, from October 2023 to March 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was China ($7,194 per ton), while the price for Brazil totaled $2,962 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced a decline.
Aluminium Wire Imports in Paraguay
In 2022, overseas purchases of aluminium wires decreased by -22% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year.
In value terms, aluminium wire imports fell to $5.2M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +39.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of $5.6M, and then dropped in the following year.
| Import of Aluminium Wire in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.4 | 3.2 | 4.2 | 4.0 | 18.6% |
| China | 1.1 | 0.8 | 1.0 | 0.8 | -10.1% |
| India | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Argentina | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 3.7 | 4.3 | 5.6 | 5.2 | 12.0% |
Top Suppliers of Aluminium Wire to Paraguay in 2022:
- Brazil (1033.3 tons)
- China (194.5 tons)
- India (57.0 tons)
- Argentina (39.2 tons)
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