Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR (FOB) - 2023
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR (CIF) - 2023
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR (FOB) - 2023
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $7,306 per ton in November 2023, picking up by 28% against the previous month. Overall, the export price, however, recorded a abrupt downturn. The export price peaked at $17,349 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for Lithuania amounted to -0.4% per month.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR (CIF) - 2023
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $5,038 per ton in November 2023, increasing by 9.2% against the previous month. Overall, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 170% m-o-m. As a result, import price reached the peak level of $15,241 per ton. From April 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($14,669 per ton), while the price for China ($3,702 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR
In 2022, overseas shipments of aluminium; alloys, bars, rods and profiles, other than hollows decreased by -9.3% to 2.5K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a perceptible setback. The pace of growth appeared the most rapid in 2020 when exports increased by 3.8%. As a result, the exports reached the peak of 2.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $29M in 2022. Overall, exports, however, posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 14.7 | 14.2 | 27.4 | 31.7% |
| Lithuania | N/A | 0.1 | 1.2 | 0.5 | 123.6% |
| Others | 1.1 | 0.4 | 1.1 | 1.3 | 5.7% |
| Total | 13.1 | 15.2 | 16.6 | 29.1 | 30.5% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Hong Kong SAR in 2022:
- China (2287.4 tons)
- Lithuania (119.1 tons)
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR
In 2022, imports of aluminium; alloys, bars, rods and profiles, other than hollows into Hong Kong SAR dropped rapidly to 2K tons, with a decrease of -47.4% on the previous year's figure. Over the period under review, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows contracted notably to $13M in 2022. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of $17M, and then fell rapidly in the following year.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.9 | 5.6 | 8.0 | 5.7 | -10.3% |
| Russia | N/A | 0.1 | N/A | 4.2 | 548.1% |
| Taiwan (Chinese) | 4.0 | 3.6 | 1.9 | 1.0 | -37.0% |
| Japan | 1.4 | 0.9 | 2.9 | 0.9 | -13.7% |
| Singapore | 0.8 | 1.1 | 2.7 | 0.3 | -27.9% |
| Philippines | 0.5 | 0.5 | 0.7 | 0.1 | -41.5% |
| United States | 0.3 | 0.8 | 0.7 | 0.1 | -30.7% |
| Others | 0.9 | 0.3 | 0.5 | 0.6 | -12.6% |
| Total | 15.7 | 12.9 | 17.4 | 13.1 | -5.9% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Hong Kong SAR in 2022:
- China (1188.9 tons)
- Russia (469.7 tons)
- Taiwan (Chinese) (127.9 tons)
- Japan (101.6 tons)
- Singapore (52.3 tons)
- Philippines (40.6 tons)
- United States (8.8 tons)
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