Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq - 2022
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq (CIF) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq (CIF) - 2022
In 2022, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $4,944 per ton, jumping by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2021 an increase of 29% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($5,068 per ton), while the price for the United Arab Emirates ($3,027 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq (FOB) - 2022
In 2022, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $4,791 per ton, reducing by -10.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 89% against the previous year. As a result, the export price attained the peak level of $8,321 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.9% per year.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq
After three years of growth, supplies from abroad of aluminium; alloys, bars, rods and profiles, other than hollows decreased by -4.9% to 35K tons in 2022. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports reached the peak of 37K tons, and then fell in the following year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $172M in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 57%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 77.9 | 86.5 | 138 | 162 | 27.6% |
| China | 4.7 | 3.6 | 4.3 | 5.4 | 4.7% |
| United Arab Emirates | 2.2 | 1.4 | 3.2 | 3.0 | 10.9% |
| Others | 1.9 | 1.7 | 1.7 | 1.7 | -3.6% |
| Total | 86.7 | 93.2 | 147 | 172 | 25.7% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Iraq in 2022:
- Turkey (32.0K tons)
- China (1.5K tons)
- United Arab Emirates (1.0K tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Iraq
In 2022, the amount of aluminium; alloys, bars, rods and profiles, other than hollows exported from Iraq skyrocketed to 13 tons, with an increase of 863% on 2021. In general, exports saw a significant expansion.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $61K in 2022. Over the period under review, exports continue to indicate a significant increase. 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 Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 21.1 | 46.0 | 6.9 | 61.1 | 42.5% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 21.1 | 46.0 | 7.1 | 61.1 | 42.5% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Iraq in 2022:
- Turkey (12.8 tons)
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