Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Sri Lanka - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Sri Lanka (CIF) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Sri Lanka
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Sri Lanka (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,018 per ton, rising by 17% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23% against the previous year. The import price peaked at $5,295 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 the Netherlands ($7,109 per ton), while the price for India stood at $2,926 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+48.5%), while the prices for the other major suppliers experienced a decline.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Sri Lanka
In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms imported into Sri Lanka reduced remarkably to 177 tons, with a decrease of -61.1% against 2021 figures. Over the period under review, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 69%.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms declined dramatically to $535K in 2022. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. As a result, imports reached the peak of $1.2M, and then contracted sharply in the following year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 959 | 423 | 946 | 507 | -19.1% |
| Netherlands | N/A | 3.4 | 10.0 | 25.8 | 175.5% |
| Malaysia | 96.8 | 125 | 164 | N/A | 30.2% |
| Others | 16.4 | 13.4 | 52.9 | 1.4 | -56.0% |
| Total | 1,072 | 564 | 1,173 | 535 | -20.7% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Sri Lanka in 2022:
- India (173.4 tons)
- Netherlands (3.6 tons)
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