Chlorides; of Aluminium Price in Estonia - 2023

Contents:

1. Chlorides; of Aluminium Price in Estonia (CIF) - 2023
2. Chlorides; of Aluminium Price in Estonia (FOB) - 2022
3. Chlorides; of Aluminium Imports in Estonia
4. Chlorides; of Aluminium Exports in Estonia

Chlorides; of Aluminium Price in Estonia (CIF) - 2023

In September 2023, the average chlorides; of aluminium import price amounted to $524 per ton, rising by 12% against the previous month. Over the period under review, import price indicated a tangible expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, chlorides; of aluminium import price increased by +14.7% against July 2023 indices. The growth pace was the most rapid in April 2023 when the average import price increased by 38% m-o-m. The import price peaked in September 2023.

As there is only one major supplying country, the average price level is determined by prices for Finland.

From September 2022 to September 2023, the rate of growth in terms of prices for Finland amounted to +4.3% per month.

Chlorides; of Aluminium Price in Estonia (FOB) - 2022

In 2022, the average chlorides; of aluminium export price amounted to $1,641 per ton, rising by 40% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of aluminium export price increased by +52.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,699 per ton), while the average price for exports to Latvia ($1,397 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 Lithuania (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Aluminium Imports in Estonia

In 2022, approx. 2.8K tons of chlorides; of aluminia were imported into Estonia; picking up by 3.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, chlorides; of aluminium imports reduced slightly to $931K in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of $961K, and then contracted slightly in the following year.

Top Suppliers of Chlorides; of Aluminium to Estonia in 2022:

1. Finland (2.8K tons)

Chlorides; of Aluminium Exports in Estonia

In 2022, overseas shipments of chlorides; of aluminia decreased by -66.4% to 10 tons, falling for the second year in a row after two years of growth. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 500% against the previous year. As a result, the exports attained the peak of 85 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, chlorides; of aluminium exports fell rapidly to $16K in 2022. In general, exports, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2020 when exports increased by 477% against the previous year. As a result, the exports reached the peak of $92K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Chlorides; of Aluminium from Estonia in 2022:

1. Qatar (7.5 tons)
2. Lithuania (1.3 tons)
3. Latvia (1.2 tons)

Source: IndexBox Market Intelligence Platform