Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Pakistan - 2023

Contents:

1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Pakistan (CIF) - 2023
2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Pakistan (FOB) - 2022
3. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Pakistan
4. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Pakistan

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Pakistan (CIF) - 2023

In December 2023, the average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $3,327 per ton, increasing by 9.5% against the previous month. In general, the import price, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in May 2023 an increase of 24% month-to-month. As a result, import price reached the peak level of $4,704 per ton. From June 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($4,097 per ton), while the price for the United Arab Emirates ($2,189 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $4,582 per ton in 2022, growing by 9.1% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 plates, sheets and strip of thickness exceeding 0.2 mms decreased by -14.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 81% against the previous year. The export price peaked at $5,359 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,761 per ton), while the average price for exports to Bahrain amounted to $3,684 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms into Pakistan rose to 13K tons in 2022, growing by 3.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms surged to $50M in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (9.1K tons)
2. South Korea (3.0K tons)
3. United Arab Emirates (0.3K tons)

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

In 2022, the amount of aluminium plates, sheets and strip of thickness exceeding 0.2 mms exported from Pakistan surged to 10 tons, growing by 98% on the previous year's figure. Over the period under review, exports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 259%.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms surged to $46K in 2022. In general, exports, however, showed a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by 181%.

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

1. United Arab Emirates (8.4 tons)
2. Bahrain (1.4 tons)

Source: IndexBox Market Intelligence Platform