Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK (FOB) - 2023
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $6,336 per ton, with an increase of 18% against the previous year. Overall, the import price showed prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 100% against the previous year. Over the period under review, average import prices hit record highs at $8,463 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($8,500 per ton), while the price for the Czech Republic ($5,026 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK (FOB) - 2023
In November 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $8,389 per ton, which is down by -12.2% against the previous month. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 343% month-to-month. The export price peaked at $37,476 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($17,229 per ton), while the average price for exports to Germany amounted to $7,396 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.2%), 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 the UK
In 2022, overseas purchases of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses increased by 34% to 775 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses soared to $4.9M in 2022. Overall, imports, however, saw a relatively flat trend pattern.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,831 | 1,717 | 440 | 1,592 | -4.6% |
| China | 630 | 291 | 829 | 851 | 10.5% |
| Czech Republic | 1,052 | 280 | 781 | 566 | -18.7% |
| United States | 531 | 216 | 291 | 560 | 1.8% |
| Italy | 51.2 | 112 | 212 | 374 | 94.0% |
| France | 110 | 37.9 | 24.2 | 293 | 38.6% |
| Canada | N/A | N/A | 32.2 | 222 | 589.4% |
| Turkey | 172 | 184 | 122 | 8.4 | -63.4% |
| Ireland | 47.8 | 56.8 | N/A | N/A | 18.8% |
| Others | 613 | 405 | 376 | 446 | -10.1% |
| Total | 5,037 | 3,300 | 3,107 | 4,913 | -0.8% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to the UK in 2022:
- Germany (225.2 tons)
- China (149.8 tons)
- Czech Republic (112.6 tons)
- United States (80.9 tons)
- Italy (58.4 tons)
- Canada (39.3 tons)
- France (34.5 tons)
- Turkey (1.2 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK
In 2022, overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were finally on the rise to reach 118 tons after two years of decline. Overall, exports, however, continue to indicate a abrupt decrease.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses reached $1.5M in 2022. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 9.4%.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 802 | 273 | 84.3 | 456 | -17.2% |
| France | 142 | 347 | 621 | 353 | 35.5% |
| Indonesia | 423 | 316 | 385 | 156 | -28.3% |
| Libya | N/A | N/A | N/A | 120 | 0% |
| Germany | 13.9 | 98.7 | 115 | 59.9 | 62.7% |
| Italy | 0.5 | 0.2 | 3.7 | 52.4 | 371.5% |
| Belgium | 7.1 | 0.6 | N/A | 47.8 | 88.8% |
| Netherlands | 58.6 | 6.3 | 38.5 | 16.5 | -34.5% |
| Norway | 175 | 132 | 69.8 | 16.5 | -54.5% |
| Ireland | 62.5 | 54.3 | 35.6 | 7.1 | -51.6% |
| Others | 204 | 140 | 145 | 214 | 1.6% |
| Total | 1,889 | 1,368 | 1,497 | 1,500 | -7.4% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from the UK in 2022:
- Libya (39.8 tons)
- France (31.7 tons)
- United States (14.8 tons)
- Indonesia (8.8 tons)
- Italy (6.2 tons)
- Belgium (3.5 tons)
- Germany (2.7 tons)
- Netherlands (1.3 tons)
- Ireland (0.7 tons)
- Norway (0.6 tons)
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