Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the UK - 2024

Contents:

  1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the UK (CIF) - 2024
  2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the UK (FOB) - 2024
  3. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the UK
  4. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the UK

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the UK (CIF) - 2024

The average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $4,030 per ton in April 2024, remaining relatively unchanged against the previous month. In general, the import price showed a mild curtailment. The growth pace was the most rapid in November 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices hit record highs at $4,685 per ton in April 2023; however, from May 2023 to April 2024, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5,243 per ton), while the price for Slovenia ($3,123 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Slovenia (+0.8%), 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 the UK (FOB) - 2024

The average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $4,832 per ton in April 2024, falling by -1.5% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2024 an increase of 6.7% m-o-m. Over the period under review, the average export prices reached the peak figure at $5,353 per ton in November 2023; however, from December 2023 to April 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was India ($12,847 per ton), while the average price for exports to Slovakia ($676 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.0%), 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 the UK

After two years of decline, purchases abroad of aluminium plates, sheets and strip of thickness exceeding 0.2 mms increased by 21% to 517K tons in 2022. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms skyrocketed to $2.1B in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 increased by +60.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany9127517969912.8%
China73.246.616628557.3%
France182149132149-6.5%
Turkey75.768.711811013.3%
Greece8.87.79.687.8115.3%
Saudi Arabia51.336.552.281.316.6%
Switzerland47.12.453.577.217.9%
Italy36.241.752.956.115.7%
Austria33.632.738.643.89.2%
Norway52.536.462.143.8-5.9%
South Africa10.840.845.139.053.4%
Hungary27.120.828.627.0-0.1%
Others156106122154-0.4%
Total1,6661,3411,6762,1458.8%

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

  1. Germany (248.7K tons)
  2. China (79.9K tons)
  3. Turkey (29.8K tons)
  4. France (26.8K tons)
  5. Greece (22.8K tons)
  6. Saudi Arabia (19.5K tons)
  7. Switzerland (14.2K tons)
  8. Norway (11.4K tons)
  9. Italy (10.8K tons)
  10. South Africa (8.6K tons)
  11. Austria (8.5K tons)
  12. Hungary (6.2K tons)

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

In 2022, the amount of aluminium plates, sheets and strip of thickness exceeding 0.2 mms exported from the UK dropped to 129K tons, with a decrease of -6.1% compared with 2021. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 11%.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms expanded remarkably to $639M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 22%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands67.260.511613827.1%
Germany94.186.288.513613.1%
United States84.367.495.678.4-2.4%
France11753.326.539.7-30.3%
Austria24.235.850.739.717.9%
India31.619.929.728.4-3.5%
Italy25.119.432.423.6-2.0%
Ireland28.122.820.213.8-21.1%
Belgium18.39.510.413.0-10.8%
Greece0.90.40.910.6127.5%
Turkey14.615.710.09.5-13.3%
Slovenia21.51.10.70.2-79.0%
Others10865.977.8107-0.3%
Total6354585596390.2%

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

  1. Netherlands (33.8K tons)
  2. Germany (29.3K tons)
  3. United States (15.5K tons)
  4. Austria (9.9K tons)
  5. France (7.3K tons)
  6. India (6.1K tons)
  7. Italy (2.9K tons)
  8. Ireland (2.7K tons)
  9. Greece (2.4K tons)
  10. Belgium (2.4K tons)
  11. Turkey (1.9K tons)

Source: IndexBox Market Intelligence Platform

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