Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam - 2022
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam (FOB) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam (CIF) - 2022
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam (FOB) - 2022
In 2022, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $4,629 per ton, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($5,640 per ton) and South Korea ($5,087 per ton), while the average price for exports to Canada ($4,124 per ton) and Australia ($4,376 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam (CIF) - 2022
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $4,640 per ton in 2022, shrinking by -2.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19%. As a result, import price reached the peak level of $4,753 per ton, and then fell slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($4,640 per ton) and China ($4,640 per ton), while the price for Mexico ($4,638 per ton) and Thailand ($4,640 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.9%), 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 Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas shipments of aluminium; alloys, bars, rods and profiles, other than hollows, which increased by 15% to 42K tons in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $194M in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.9 | 22.0 | 54.1 | 95.0 | 65.7% |
| Canada | 17.4 | 15.6 | 24.1 | 37.7 | 29.4% |
| Japan | 12.0 | 9.8 | 12.8 | 15.7 | 9.4% |
| South Korea | 27.9 | 30.0 | 22.6 | 15.3 | -18.1% |
| Australia | 6.1 | 7.0 | 8.8 | 9.0 | 13.8% |
| Thailand | 3.0 | 4.0 | 3.6 | 4.4 | 13.6% |
| Others | 5.5 | 7.6 | 12.7 | 16.8 | 45.1% |
| Total | 92.8 | 96.0 | 139 | 194 | 27.9% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Vietnam in 2022:
- United States (20.5K tons)
- Canada (9.1K tons)
- Japan (3.2K tons)
- South Korea (3.0K tons)
- Australia (2.0K tons)
- Thailand (0.9K tons)
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam
In 2022, supplies from abroad of aluminium; alloys, bars, rods and profiles, other than hollows increased by 6.7% to 20K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt descent.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows totaled $93M in 2022. Overall, imports, however, saw a abrupt shrinkage.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 81.5 | 55.2 | 46.7 | 68.4 | -5.7% |
| South Korea | 10.2 | 29.8 | 18.1 | 9.5 | -2.3% |
| Japan | 14.4 | 10.9 | 9.9 | 5.8 | -26.1% |
| United States | 2.4 | 2.7 | 5.2 | 4.4 | 22.4% |
| Thailand | 2.6 | 2.4 | 4.4 | 1.8 | -11.5% |
| Others | 10.4 | 12.4 | 5.5 | 3.6 | -29.8% |
| Total | 122 | 113 | 89.7 | 93.5 | -8.5% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Vietnam in 2022:
- China (14.7K tons)
- South Korea (2.0K tons)
- Japan (1.3K tons)
- United States (1.0K tons)
- Thailand (0.4K tons)
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