Price for Aluminium Waste and Scrap in Pakistan - 2023
Contents:
- Price for Aluminium Waste and Scrap in Pakistan (CIF) - 2023
- Price for Aluminium Waste and Scrap in Pakistan (FOB) - 2023
- Imports of Aluminium Waste and Scrap in Pakistan
- Exports of Aluminium Waste and Scrap in Pakistan
Price for Aluminium Waste and Scrap in Pakistan (CIF) - 2023
The average aluminium waste and scrap import price stood at $993 per ton in February 2023, waning by -12.6% against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in November 2022 an increase of 20% against the previous month. The import price peaked at $1,136 per ton in January 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($1,406 per ton), while the price for Portugal ($371 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Belgium (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Waste and Scrap in Pakistan (FOB) - 2023
In February 2023, the average aluminium waste and scrap export price amounted to $1,682 per ton, jumping by 73% against the previous month. In general, the export price, however, recorded a noticeable decline. The export price peaked at $2,465 per ton in March 2022; however, from April 2022 to February 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In February 2023, the country with the highest price was the United Arab Emirates ($1,883 per ton), while the average price for exports to China stood at $1,560 per ton.
From March 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Waste and Scrap in Pakistan
In 2022, the amount of aluminium waste and scraps imported into Pakistan fell to 150K tons, with a decrease of -13.5% against the previous year's figure. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 39%. As a result, imports attained the peak of 173K tons, and then contracted in the following year.
In value terms, aluminium waste and scrap imports contracted to $120M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $128M, and then fell in the following year.
| Import of Aluminium Waste and Scrap in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.9 | 26.1 | 14.0 | 25.6 | 7.0% |
| Netherlands | 10.3 | 13.9 | 7.9 | 14.5 | 12.1% |
| Belgium | 6.7 | 7.8 | 4.8 | 8.7 | 9.1% |
| United Kingdom | 6.4 | 6.9 | 4.7 | 8.6 | 10.4% |
| Spain | 5.9 | 6.8 | 4.6 | 8.4 | 12.5% |
| Italy | 6.7 | 8.9 | 4.1 | 7.5 | 3.8% |
| France | 5.5 | 4.4 | 2.7 | 4.9 | -3.8% |
| Germany | 2.7 | 4.0 | 2.7 | 4.9 | 22.0% |
| United Arab Emirates | 3.1 | 3.2 | 2.5 | 4.6 | 14.1% |
| Kuwait | 1.0 | 1.2 | 2.4 | 4.5 | 65.1% |
| Australia | 3.4 | 3.9 | 2.2 | 4.0 | 5.6% |
| Finland | 4.6 | 4.6 | 2.0 | 3.8 | -6.2% |
| Saudi Arabia | 3.1 | 2.2 | 1.1 | 2.2 | -10.8% |
| Others | 16.5 | 17.1 | 72.5 | 17.5 | 2.0% |
| Total | 96.7 | 111 | 128 | 120 | 7.5% |
Top Suppliers of Aluminium Waste and Scrap to Pakistan in 2022:
- United States (27.6K tons)
- Netherlands (19.7K tons)
- Spain (11.0K tons)
- Belgium (10.5K tons)
- United Kingdom (10.0K tons)
- Italy (8.8K tons)
- France (6.5K tons)
- Germany (6.4K tons)
- Finland (6.3K tons)
- United Arab Emirates (5.9K tons)
- Kuwait (5.3K tons)
- Australia (4.7K tons)
- Saudi Arabia (3.5K tons)
Exports of Aluminium Waste and Scrap in Pakistan
In 2022, aluminium waste and scrap exports from Pakistan declined rapidly to 1.7K tons, which is down by -29.4% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 143%. As a result, the exports attained the peak of 2.4K tons, and then dropped markedly in the following year.
In value terms, aluminium waste and scrap exports fell remarkably to $2.9M in 2022. Overall, exports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2021 when exports increased by 227%. As a result, the exports attained the peak of $4.4M, and then reduced rapidly in the following year.
| Export of Aluminium Waste and Scrap in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 928 | 178 | 1,960 | 1,194 | 8.8% |
| United Arab Emirates | 149 | 290 | 926 | 589 | 58.1% |
| Italy | 28.9 | 23.6 | 502 | 306 | 119.6% |
| Belgium | 249 | 282 | 81.4 | 180 | -10.3% |
| Turkey | 123 | 162 | 138 | 117 | -1.7% |
| Malaysia | 295 | 136 | 183 | 111 | -27.8% |
| Oman | 119 | 75.3 | 142 | 86.8 | -10.0% |
| United Kingdom | 74.0 | 37.2 | 59.8 | 30.9 | -25.3% |
| Greece | 270 | N/A | 78.4 | N/A | -46.1% |
| Others | 435 | 177 | 372 | 286 | -13.0% |
| Total | 2,672 | 1,360 | 4,442 | 2,901 | 2.8% |
Top Export Markets for Aluminium Waste and Scrap from Pakistan in 2022:
- South Korea (426.6 tons)
- United Arab Emirates (394.3 tons)
- United Kingdom (238.5 tons)
- Italy (143.9 tons)
- Belgium (105.1 tons)
- Malaysia (95.6 tons)
- Turkey (71.8 tons)
- Oman (62.1 tons)
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