Price for Aluminium; Alloys, Hollow Profiles in Iraq - 2022
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in Iraq (CIF) - 2022
- Price for Aluminium; Alloys, Hollow Profiles in Iraq (FOB) - 2022
- Imports of Aluminium; Alloys, Hollow Profiles in Iraq
- Exports of Aluminium; Alloys, Hollow Profiles in Iraq
Price for Aluminium; Alloys, Hollow Profiles in Iraq (CIF) - 2022
In 2022, the average aluminium; alloys, hollow profiles import price amounted to $4,088 per ton, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2016 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($5,408 per ton), while the price for Iran ($3,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Hollow Profiles in Iraq (FOB) - 2022
The average aluminium; alloys, hollow profiles export price stood at $3,333 per ton in 2022, almost unchanged from the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 12%. The export price peaked at $4,374 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 -0.8% per year.
Imports of Aluminium; Alloys, Hollow Profiles in Iraq
In 2022, purchases abroad of aluminium; alloys, hollow profileses decreased by -28.5% to 14K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of 20K tons, and then reduced markedly in the following year.
In value terms, aluminium; alloys, hollow profiles imports reduced to $57M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +31.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of $66M, and then contracted in the following year.
| Import of Aluminium; Alloys, Hollow Profiles in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 18.2 | 21.6 | 28.7 | 22.9 | 8.0% |
| China | 22.1 | 23.3 | 18.1 | 19.9 | -3.4% |
| Iran | 3.3 | 3.2 | 19.1 | 14.4 | 63.4% |
| Others | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Total | 43.7 | 48.2 | 66.1 | 57.5 | 9.6% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to Iraq in 2022:
- China (5.1K tons)
- Iran (4.7K tons)
- Turkey (4.2K tons)
Exports of Aluminium; Alloys, Hollow Profiles in Iraq
For the fourth consecutive year, Iraq recorded growth in overseas shipments of aluminium; alloys, hollow profileses, which increased by 20% to 114 tons in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 67%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, aluminium; alloys, hollow profiles exports surged to $381K in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 58%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Aluminium; Alloys, Hollow Profiles in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 167 | 264 | 317 | 381 | 31.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 167 | 264 | 317 | 381 | 31.6% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from Iraq in 2022:
- Turkey (114.2 tons)
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