Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan (CIF) - 2023
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan (CIF) - 2023
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $4,650 per ton in July 2023, shrinking by -11% against the previous month. Over the period under review, import price indicated a temperate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, import price for aluminium; alloys, bars, rods and profiles, other than hollows increased by +58.3% against February 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 55% month-to-month. Over the period under review, average import prices hit record highs at $6,240 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($6,283 per ton), while the price for Turkey ($1,769 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan (FOB) - 2022
In 2022, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $2,286 per ton, with a decrease of -33.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2013 when the average export price increased by 42%. As a result, the export price attained the peak level of $7,788 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($3,154 per ton), while the average price for exports to Tanzania ($1,000 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 Norway (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan
For the third year in a row, Pakistan recorded decline in purchases abroad of aluminium; alloys, bars, rods and profiles, other than hollows, which decreased by -11.5% to 445 tons in 2022. In general, imports saw a deep setback. The smallest decline of -5.7% was in 2020.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows contracted slightly to $2.1M in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 13%.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,080 | 870 | 1,227 | 788 | -10.0% |
| Japan | 197 | 62.8 | 271 | 395 | 26.1% |
| United Arab Emirates | 69.7 | 307 | 158 | 197 | 41.4% |
| Qatar | N/A | N/A | N/A | 184 | 0% |
| Germany | 69.7 | 65.8 | 7.2 | 135 | 24.7% |
| South Korea | 90.1 | 40.6 | 110 | 123 | 10.9% |
| Turkey | 15.2 | 27.8 | 20.1 | 87.3 | 79.1% |
| Italy | 787 | 369 | 351 | 74.0 | -54.5% |
| Netherlands | 43.8 | 73.2 | N/A | N/A | 67.1% |
| Others | 571 | 144 | 73.3 | 127 | -39.4% |
| Total | 2,924 | 1,961 | 2,218 | 2,110 | -10.3% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Pakistan in 2022:
- China (187.5 tons)
- Japan (62.6 tons)
- United Arab Emirates (53.2 tons)
- Qatar (36.4 tons)
- Germany (24.8 tons)
- South Korea (21.4 tons)
- Turkey (20.5 tons)
- Italy (11.4 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan
In 2022, exports of aluminium; alloys, bars, rods and profiles, other than hollows from Pakistan dropped rapidly to 133 kg, waning by -58.4% compared with the previous year. Overall, exports saw a precipitous setback.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows reduced rapidly to $304 in 2022. In general, exports recorded a sharp decrease.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United Arab Emirates | 562 | 250 | -55.5% | ||
| Canada | N/A | 41.0 | 0% | ||
| Portugal | N/A | 11.0 | 0% | ||
| Tanzania | 9.0 | 2.0 | -77.8% | ||
| Angola | 149 | N/A | 0% | ||
| Italy | 381 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 1,101 | 304 | -72.4% | ||
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Pakistan in 2022:
- United Arab Emirates (114.0 kg)
- Canada (13.0 kg)
- Portugal (4.0 kg)
- Tanzania (2.0 kg)
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