Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway - 2024
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway (CIF) - 2024
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway (FOB) - 2024
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway (CIF) - 2024
In January 2024, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $4,789 per ton, declining by -23.7% against the previous month. Overall, the import price recorded a mild slump. The most prominent rate of growth was recorded in July 2023 an increase of 23% against the previous month. As a result, import price attained the peak level of $7,006 per ton. From August 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was France ($12,880 per ton), while the price for Slovenia ($3,373 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway (FOB) - 2024
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $4,998 per ton in January 2024, with an increase of 22% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $5,543 per ton in September 2023; however, from October 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($11,233 per ton), while the average price for exports to Sweden ($4,380 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.4%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway
In 2022, purchases abroad of aluminium; alloys, bars, rods and profiles, other than hollows was finally on the rise to reach 16K tons after two years of decline. In general, imports, however, saw a deep setback.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $100M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 15.0 | 17.5 | 23.8 | 23.0 | 15.3% |
| Slovenia | 12.9 | 8.7 | 16.0 | 19.9 | 15.5% |
| Germany | 7.2 | 4.9 | 8.0 | 10.7 | 14.1% |
| China | 9.5 | 4.6 | 6.6 | 9.1 | -1.4% |
| Denmark | 3.6 | 3.0 | 7.3 | 7.4 | 27.1% |
| Belgium | 1.7 | 2.8 | 2.8 | 4.7 | 40.4% |
| Poland | 4.9 | 6.3 | 2.2 | 4.3 | -4.3% |
| Austria | 3.5 | 2.4 | 3.4 | 3.2 | -2.9% |
| Bulgaria | 1.2 | 1.0 | 2.1 | 2.4 | 26.0% |
| Netherlands | 1.5 | 1.6 | 1.4 | 2.3 | 15.3% |
| Turkey | 1.1 | 0.9 | 1.9 | 2.2 | 26.0% |
| Iceland | 1.7 | 0.4 | N/A | 1.0 | -16.2% |
| Others | 8.6 | 7.8 | 9.0 | 9.6 | 3.7% |
| Total | 72.5 | 61.8 | 84.4 | 99.8 | 11.2% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Norway in 2022:
- Slovenia (4.9K tons)
- Sweden (3.1K tons)
- China (1.4K tons)
- Germany (1.1K tons)
- Denmark (0.8K tons)
- Poland (0.5K tons)
- Austria (0.5K tons)
- Belgium (0.5K tons)
- Bulgaria (0.5K tons)
- Turkey (0.3K tons)
- Netherlands (0.3K tons)
- Iceland (0.3K tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway
In 2022, the amount of aluminium; alloys, bars, rods and profiles, other than hollows exported from Norway dropped slightly to 15K tons, which is down by -3% on the previous year. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 6.9% against the previous year.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $79M in 2022. The total export value increased at an average annual rate of +3.1% 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 exports increased by 22%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 31.9 | 29.9 | 38.6 | 37.1 | 5.2% |
| Czech Republic | 14.4 | 10.6 | 11.8 | 12.6 | -4.4% |
| Poland | 6.2 | 3.8 | 4.9 | 12.2 | 25.3% |
| Germany | 0.7 | 0.4 | 1.1 | 3.9 | 77.3% |
| Denmark | 1.1 | 2.1 | 1.9 | 3.1 | 41.3% |
| Finland | 2.0 | 1.6 | 2.6 | 2.8 | 11.9% |
| Netherlands | 2.6 | 1.8 | 1.9 | 2.4 | -2.6% |
| France | 1.8 | 0.8 | 0.8 | N/A | -33.3% |
| Others | 11.4 | 5.1 | 4.9 | 5.0 | -24.0% |
| Total | 72.1 | 56.1 | 68.5 | 79.1 | 3.1% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Norway in 2022:
- Sweden (8.7K tons)
- Czech Republic (2.4K tons)
- Poland (2.2K tons)
- Germany (0.7K tons)
- Denmark (0.4K tons)
- Finland (0.4K tons)
- Netherlands (0.3K tons)
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