Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq - 2022

Contents:

1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq (CIF) - 2022
2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq (FOB) - 2022
3. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq
4. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq (CIF) - 2022

The average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $2,943 per ton in 2022, increasing by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($5,279 per ton), while the price for Iran ($1,996 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq (FOB) - 2022

In 2022, the average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $6,882 per ton, reducing by -14.6% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 143%. As a result, the export price reached the peak level of $8,055 per ton, and then contracted in the following year.

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 Turkey ($10,583 per ton), while the average price for exports to Iran ($2,864 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 Turkey (+8.1%).

Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq

In 2022, supplies from abroad of aluminium plates, sheets and strip of thickness exceeding 0.2 mms decreased by -42.3% to 30K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of 66K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms reduced sharply to $88M in 2022. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. As a result, imports reached the peak of $154M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to Iraq in 2022:

1. Saudi Arabia (13.8K tons)
2. China (12.8K tons)
3. Iran (2.4K tons)
4. United Arab Emirates (0.7K tons)

Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Iraq

After two years of decline, shipments abroad of aluminium plates, sheets and strip of thickness exceeding 0.2 mms increased by 44% to 6.5 tons in 2022. In general, exports, however, saw a dramatic curtailment.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms surged to $45K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 65%. As a result, the exports attained the peak of $57K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from Iraq in 2022:

1. Turkey (3.3 tons)
2. Iran (3.0 tons)
3. Netherlands (0.2 tons)

Source: IndexBox Market Intelligence Platform