Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada (FOB) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada (CIF) - 2023
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada (FOB) - 2023
In October 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,238 per ton, with a decrease of -1.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 12% month-to-month. As a result, the export price attained the peak level of $3,633 per ton. From March 2023 to October 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to -0.9% per month.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada (CIF) - 2023
In October 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,354 per ton, with a decrease of -7.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 4.3% m-o-m. Over the period under review, average import prices hit record highs at $5,100 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from the Netherlands ($5,129 per ton) and Bahrain ($5,072 per ton), while the price for the United States ($3,735 per ton) and Spain ($4,829 per ton) were amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada
In 2022, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms from Canada shrank to 40K tons, waning by -8.4% against 2021 figures. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 47%. As a result, the exports attained the peak of 44K tons, and then dropped in the following year.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms reached $161M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 75.8 | 53.9 | 135 | 155 | 26.9% |
| China | 0.5 | 0.8 | 3.2 | 2.2 | 63.9% |
| Colombia | 1.1 | 1.8 | 1.6 | 1.9 | 20.0% |
| Others | 5.8 | 26.4 | 15.4 | 2.0 | -29.9% |
| Total | 83.2 | 83.0 | 155 | 161 | 24.6% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Canada in 2022:
- United States (38.0K tons)
- China (0.7K tons)
- Colombia (0.7K tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada
In 2022, overseas purchases of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms were finally on the rise to reach 4.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $24M in 2022. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.8 | 3.8 | 7.0 | 11.7 | 26.4% |
| United States | 4.1 | 4.4 | 7.6 | 10.5 | 36.8% |
| Spain | 0.7 | 0.7 | 0.7 | 1.9 | 39.5% |
| Bahrain | 1.8 | 2.9 | 0.1 | 0.1 | -61.8% |
| Poland | 4.2 | 0.4 | N/A | N/A | -90.5% |
| Others | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Total | 16.8 | 12.6 | 15.4 | 24.4 | 13.2% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Canada in 2022:
- Netherlands (2009.9 tons)
- United States (1952.7 tons)
- Spain (294.1 tons)
- Bahrain (23.0 tons)
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