Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore - 2023

Contents:

1. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore (CIF) - 2022
2. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore (FOB) - 2022
3. Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore
4. Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore (CIF) - 2022

In 2022, the average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds amounted to $17,795 per ton, rising by 72% against the previous year. Overall, the import price showed a pronounced increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 108%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Iceland ($49,115 per ton), while the price for Malaysia ($3,417 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore (FOB) - 2022

In 2022, the average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds amounted to $33,322 per ton, rising by 43% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2017 an increase of 75% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($38,359 per ton), while the average price for exports to Pakistan ($4,617 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 Russia (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore

In 2022, overseas purchases of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds decreased by -9.9% to 3.4K tons, falling for the second consecutive year after two years of growth. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.2% 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 decreased by -39.8% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 77% against the previous year. As a result, imports attained the peak of 5.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds soared to $61M in 2022. Over the period under review, imports, however, showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled to Singapore in 2022:

1. China (2733.5 tons)
2. South Korea (240.6 tons)
3. Malaysia (181.9 tons)
4. Iceland (87.2 tons)
5. United States (75.2 tons)
6. Germany (29.6 tons)

Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Singapore

For the fourth consecutive year, Singapore recorded growth in overseas shipments of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds, which increased by 7.7% to 1.7K tons in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds skyrocketed to $57M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 129% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled from Singapore in 2022:

1. Indonesia (1425.0 tons)
2. Malaysia (82.1 tons)
3. Pakistan (67.7 tons)
4. China (53.5 tons)
5. India (18.2 tons)

Source: IndexBox Market Intelligence Platform