Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt (FOB) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt (CIF) - 2022
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $5,343 per ton in 2022, growing by 32% against the previous year. Overall, the export price continues to indicate a perceptible increase. The growth pace was the most rapid in 2015 when the average export price increased by 54% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($5,343 per ton), while the average price for exports to Italy totaled $5,343 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $5,035 per ton in 2022, picking up by 36% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +85.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Oman ($5,035 per ton) and Bahrain ($5,035 per ton), while the price for China ($5,035 per ton) and Spain ($5,035 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt
For the third year in a row, Egypt recorded decline in overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, which decreased by -91.6% to 527 tons in 2022. Over the period under review, exports recorded a sharp contraction. The smallest decline of -24.9% was in 2020.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms fell significantly to $2.8M in 2022. In general, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, the exports reached the peak of $46M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 7.5 | 7.6 | 3.7 | 1.6 | -40.2% |
| Italy | 6.4 | 13.3 | 6.3 | 1.2 | -42.8% |
| Spain | 3.2 | 3.3 | 2.0 | N/A | -20.9% |
| Syrian Arab Republic | 3.1 | 5.3 | 1.3 | N/A | -35.2% |
| Greece | 2.5 | 0.8 | N/A | N/A | -68.0% |
| Poland | 15.7 | 9.4 | N/A | N/A | -40.1% |
| Netherlands | 0.2 | 2.2 | 5.7 | N/A | 433.9% |
| Others | 1.8 | 4.2 | 6.4 | N/A | 88.6% |
| Total | 40.5 | 46.2 | 25.5 | 2.8 | -59.0% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Egypt in 2022:
- Morocco (298.8 tons)
- Italy (228.0 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt
In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms into Egypt shrank dramatically to 326 tons, which is down by -50.1% on 2021. In general, imports saw a precipitous setback.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms shrank remarkably to $1.6M in 2022. Over the period under review, imports recorded a precipitous shrinkage.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 8.9 | 2.9 | 0.6 | 1.0 | -51.7% |
| Oman | 1.1 | 1.9 | 1.6 | 0.3 | -35.2% |
| Spain | N/A | N/A | 0.1 | 0.3 | 200.0% |
| China | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Malaysia | 0.4 | N/A | N/A | N/A | 0% |
| Turkey | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Total | 11.4 | 5.0 | 2.4 | 1.6 | -48.0% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Egypt in 2022:
- Bahrain (188.8 tons)
- Oman (67.1 tons)
- Spain (62.3 tons)
- China (5.3 tons)
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