Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia (CIF) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia (CIF) - 2023
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $3,523 per ton in October 2023, increasing by 43% against the previous month. Overall, the import price, however, recorded a noticeable reduction. Over the period under review, average import prices attained the peak figure at $4,477 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Indonesia ($4,619 per ton) and South Korea ($4,470 per ton), while the price for China ($3,254 per ton) and Japan ($3,272 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 Indonesia (+1.3%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $6,684 per ton in 2022, rising by 74% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses increased by +110.4% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($11,044 per ton), while the average price for exports to Singapore ($3,563 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia
In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses into Malaysia soared to 6.6K tons, growing by 22% compared with the previous year's figure. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses surged to $31M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.1 | 7.2 | 10.3 | 19.0 | 55.0% |
| Vietnam | 2.1 | 2.3 | 4.1 | 3.0 | 12.6% |
| South Korea | 1.3 | 1.6 | 2.4 | 3.0 | 32.1% |
| China | 1.5 | 1.1 | 1.7 | 2.2 | 13.6% |
| Germany | 0.6 | 0.2 | 0.5 | 1.7 | 41.5% |
| Others | 0.9 | 1.1 | 1.3 | 2.3 | 36.7% |
| Total | 11.4 | 13.4 | 20.3 | 31.2 | 39.9% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Malaysia in 2022:
- Japan (4.3K tons)
- Vietnam (0.7K tons)
- South Korea (0.6K tons)
- China (0.5K tons)
- Germany (0.3K tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia
Exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses from Malaysia surged to 90 tons in 2022, rising by 72% against 2021. Overall, exports, however, faced a sharp contraction.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses skyrocketed to $600K in 2022. In general, exports, however, faced a dramatic contraction.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 13.5 | N/A | 261 | 339.7% |
| Singapore | 140 | 77.0 | 139 | 137 | -0.7% |
| United States | 1.7 | 1.4 | 3.8 | 107 | 297.8% |
| Thailand | 5.4 | 1.8 | 11.8 | 46.7 | 105.3% |
| Indonesia | N/A | N/A | N/A | 16.1 | 0% |
| China | 1,200 | 4.2 | 27.1 | 12.2 | -78.3% |
| Brunei Darussalam | 89.4 | 37.6 | N/A | N/A | -57.9% |
| Egypt | 40.2 | N/A | N/A | N/A | 0% |
| Others | 8.9 | 36.2 | 18.2 | 20.4 | 31.8% |
| Total | 1,486 | 172 | 200 | 600 | -26.1% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Malaysia in 2022:
- Singapore (38.4 tons)
- Hong Kong SAR (23.6 tons)
- United States (12.5 tons)
- Thailand (9.5 tons)
- Indonesia (2.2 tons)
- China (1.4 tons)
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