Price for Aluminium Waste and Scrap in Chile - 2023
Contents:
- Price for Aluminium Waste and Scrap in Chile (FOB) - 2023
- Price for Aluminium Waste and Scrap in Chile (CIF) - 2022
- Exports of Aluminium Waste and Scrap in Chile
- Imports of Aluminium Waste and Scrap in Chile
Price for Aluminium Waste and Scrap in Chile (FOB) - 2023
The average aluminium waste and scrap export price stood at $1,759 per ton in July 2023, with a decrease of -7.2% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 8.5% against the previous month. Over the period under review, the average export prices attained the maximum at $2,033 per ton in August 2022; however, from September 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Colombia ($1,983 per ton) and Belgium ($1,945 per ton), while the average price for exports to Saudi Arabia ($1,375 per ton) and Taiwan (Chinese) ($1,613 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Waste and Scrap in Chile (CIF) - 2022
In 2022, the average aluminium waste and scrap import price amounted to $1,559 per ton, approximately reflecting the previous year. Overall, the import price recorded a tangible increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 136% against the previous year. As a result, import price reached the peak level of $3,109 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 the United States ($1,575 per ton), while the price for China stood at $653 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.4%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium Waste and Scrap in Chile
In 2022, the amount of aluminium waste and scraps exported from Chile stood at 29K tons, leveling off at 2021 figures. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 7.3%. As a result, the exports reached the peak of 29K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, aluminium waste and scrap exports declined markedly to $45M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $53M, and then contracted dramatically in the following year.
| Export of Aluminium Waste and Scrap in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 12.1 | 12.6 | 21.2 | 17.1 | 12.2% |
| India | 8.2 | 10.7 | 6.5 | 6.7 | -6.5% |
| United States | 4.8 | 2.0 | 4.6 | 3.7 | -8.3% |
| South Korea | 1.3 | 2.4 | 3.5 | 2.8 | 29.1% |
| Thailand | 0.8 | 0.6 | 3.2 | 2.5 | 46.2% |
| Taiwan (Chinese) | 1.8 | 0.9 | 2.6 | 2.1 | 5.3% |
| Saudi Arabia | 1.7 | 3.6 | 2.3 | 2.0 | 5.6% |
| Spain | 1.6 | 1.3 | 1.1 | 1.0 | -14.5% |
| Ecuador | 1.2 | 0.2 | 0.9 | 0.7 | -16.4% |
| Others | 3.2 | 1.7 | 7.6 | 6.1 | 24.0% |
| Total | 36.8 | 36.1 | 53.3 | 44.7 | 6.7% |
Top Export Markets for Aluminium Waste and Scrap from Chile in 2022:
- Brazil (8.9K tons)
- India (5.9K tons)
- United States (2.6K tons)
- South Korea (2.0K tons)
- Saudi Arabia (1.8K tons)
- Thailand (1.6K tons)
- Taiwan (Chinese) (1.4K tons)
- Spain (0.9K tons)
- Ecuador (0.4K tons)
Imports of Aluminium Waste and Scrap in Chile
Aluminium waste and scrap imports into Chile fell remarkably to 415 tons in 2022, waning by -29.8% compared with 2021. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 148%. As a result, imports reached the peak of 591 tons, and then fell sharply in the following year.
In value terms, aluminium waste and scrap imports dropped sharply to $648K in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 136% against the previous year.
| Import of Aluminium Waste and Scrap in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 999 | 10.9 | 1.7 | 635 | -14.0% |
| China | 3.4 | 0.1 | 1.5 | 4.5 | 9.8% |
| Bolivia | N/A | 365 | 899 | N/A | 146.3% |
| Others | 11.2 | 8.7 | 7.9 | 8.0 | -10.6% |
| Total | 1,014 | 385 | 910 | 648 | -13.9% |
Top Suppliers of Aluminium Waste and Scrap to Chile in 2022:
- United States (403.3 tons)
- China (6.8 tons)
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