Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United Arab Emirates - 2022

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United Arab Emirates (CIF) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United Arab Emirates (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United Arab Emirates
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United Arab Emirates

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United Arab Emirates (CIF) - 2022

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $5,687 per ton in 2022, picking up by 6.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 12% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,730 per ton), while the price for Egypt ($2,822 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.9%), 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 United Arab Emirates (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $4,449 per ton in 2022, increasing by 21% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +8.1% 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 +70.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($9,460 per ton), while the average price for exports to Democratic Republic of the Congo ($937 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 Qatar (+18.8%), 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 United Arab Emirates

In 2022, supplies from abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -14.1% to 536 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of 631 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses dropped to $3M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 38%. As a result, imports attained the peak of $3.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to the United Arab Emirates in 2022:

1. China (213.9 tons)
2. Germany (153.7 tons)
3. Canada (38.9 tons)
4. Italy (35.8 tons)
5. United States (28.0 tons)
6. Egypt (21.4 tons)
7. India (13.5 tons)
8. Saudi Arabia (5.8 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United Arab Emirates

In 2022, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses from the United Arab Emirates shrank rapidly to 301 tons, waning by -33.5% on 2021. In general, exports recorded a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses fell significantly to $1.3M in 2022. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 77%.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from the United Arab Emirates in 2022:

1. Saudi Arabia (101.2 tons)
2. Pakistan (71.6 tons)
3. Tanzania (23.6 tons)
4. Kenya (16.4 tons)
5. China (16.3 tons)
6. Bahrain (11.3 tons)
7. Azerbaijan (11.2 tons)
8. Iraq (9.9 tons)
9. Oman (7.9 tons)
10. Egypt (7.5 tons)
11. Qatar (7.2 tons)
12. Democratic Republic of the Congo (5.0 tons)

Source: IndexBox Market Intelligence Platform