Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia (CIF) - 2023
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia (FOB) - 2023
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia (CIF) - 2023

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $6,353 per ton in October 2023, picking up by 155% against the previous month. Overall, import price indicated a strong expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +155.4% against September 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From October 2022 to October 2023, the rate of growth in terms of prices for Hungary amounted to +3.3% per month.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia (FOB) - 2023

In August 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,505 per ton, growing by 11% against the previous month. Overall, the export price, however, recorded a deep downturn. The growth pace was the most rapid in October 2022 when the average export price increased by 113% month-to-month. Over the period under review, the average export prices attained the peak figure at $25,730 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the Czech Republic ($5,599 per ton), while the average price for exports to Poland totaled $3,498 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia

In 2022, purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms was finally on the rise to reach 1.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt downturn.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $5.5M in 2022. In general, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Slovakia in 2022:

1. Poland (475.1 tons)
2. Hungary (361.0 tons)
3. Romania (204.5 tons)
4. Spain (80.0 tons)
5. Turkey (72.6 tons)
6. Czech Republic (51.2 tons)
7. Netherlands (45.0 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Slovakia

In 2022, overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms were finally on the rise to reach 91 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $538K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Slovakia in 2022:

1. Czech Republic (76.2 tons)
2. Hungary (13.7 tons)
3. Poland (0.6 tons)

Source: IndexBox Market Intelligence Platform