Price for Aluminium; Alloys, Hollow Profiles in India - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in India (FOB) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in India (CIF) - 2023
- Exports of Aluminium; Alloys, Hollow Profiles in India
- Imports of Aluminium; Alloys, Hollow Profiles in India
Price for Aluminium; Alloys, Hollow Profiles in India (FOB) - 2023
The average aluminium; alloys, hollow profiles export price stood at $5,182 per ton in June 2023, picking up by 3.7% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 4.4% month-to-month. The export price peaked at $5,467 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Germany ($6,590 per ton), while the average price for exports to Saudi Arabia ($3,420 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Aluminium; Alloys, Hollow Profiles in India (CIF) - 2023
The average aluminium; alloys, hollow profiles import price stood at $4,674 per ton in June 2023, flattening at the previous month. Over the period under review, the import price, however, showed a perceptible slump. The pace of growth appeared the most rapid in September 2022 an increase of 6.2% month-to-month. Over the period under review, average import prices attained the maximum at $6,846 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($8,223 per ton), while the price for China ($3,475 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.7%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium; Alloys, Hollow Profiles in India
Aluminium; alloys, hollow profiles exports from India soared to 15K tons in 2022, picking up by 29% compared with 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 123%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, aluminium; alloys, hollow profiles exports surged to $75M in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 163% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Aluminium; Alloys, Hollow Profiles in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.2 | 10.0 | 26.4 | 29.9 | 38.7% |
| Germany | 0.8 | 2.7 | 7.0 | 18.6 | 185.4% |
| Canada | 1.5 | 1.4 | 3.8 | 4.5 | 44.2% |
| Netherlands | N/A | 0.3 | 2.1 | 2.5 | 188.7% |
| United Kingdom | 0.1 | 0.2 | 0.8 | 2.3 | 184.4% |
| United Arab Emirates | N/A | 0.2 | N/A | 2.1 | 224.0% |
| Indonesia | 0.5 | 0.5 | 1.4 | 1.9 | 56.0% |
| Mexico | N/A | 0.6 | 1.8 | 1.8 | 73.2% |
| Australia | 0.1 | 0.3 | 0.9 | 1.6 | 152.0% |
| Saudi Arabia | N/A | N/A | N/A | 1.3 | 0% |
| Nepal | 0.5 | 0.7 | 2.1 | 1.0 | 26.0% |
| Others | 1.3 | 2.8 | 5.3 | 7.1 | 76.1% |
| Total | 16.1 | 19.7 | 51.7 | 74.7 | 66.8% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from India in 2022:
- United States (5.6K tons)
- Germany (3.9K tons)
- Canada (1.0K tons)
- Netherlands (0.6K tons)
- Saudi Arabia (0.4K tons)
- United Arab Emirates (0.4K tons)
- United Kingdom (0.4K tons)
- Australia (0.3K tons)
- Mexico (0.3K tons)
- Indonesia (0.3K tons)
- Nepal (0.2K tons)
Imports of Aluminium; Alloys, Hollow Profiles in India
In 2022, the amount of aluminium; alloys, hollow profileses imported into India skyrocketed to 11K tons, surging by 26% compared with the previous year. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.3% 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 +94.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, aluminium; alloys, hollow profiles imports soared to $63M in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 86%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Aluminium; Alloys, Hollow Profiles in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.4 | 11.7 | 21.0 | 27.5 | 30.4% |
| South Korea | 4.6 | 4.0 | 7.2 | 9.9 | 29.1% |
| Thailand | 6.6 | 3.9 | 6.5 | 6.0 | -3.1% |
| Germany | 2.5 | 1.8 | 2.4 | 5.5 | 30.1% |
| Malaysia | N/A | N/A | 1.1 | 5.1 | 363.6% |
| United Arab Emirates | N/A | N/A | N/A | 2.8 | 0% |
| Saudi Arabia | 0.2 | N/A | N/A | 0.9 | 65.1% |
| Others | 2.7 | 1.8 | 5.1 | 4.9 | 22.0% |
| Total | 28.9 | 23.2 | 43.2 | 62.6 | 29.4% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to India in 2022:
- China (6.1K tons)
- South Korea (1.6K tons)
- Thailand (1.0K tons)
- United Arab Emirates (0.6K tons)
- Malaysia (0.6K tons)
- Germany (0.6K tons)
- Saudi Arabia (0.2K tons)
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