Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $5,139 per ton, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Netherlands ($5,697 per ton), while the price for Bahrain ($2,825 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,197 per ton, jumping by 17% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 17%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($3,619 per ton), while the average price for exports to Tunisia ($1,965 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 Brazil (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates
Imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms into the United Arab Emirates soared to 1.7K tons in 2022, with an increase of 20% against the previous year's figure. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 138%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $8.5M in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 177%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 0.2 | 0.3 | 4.1 | 173.7% |
| Netherlands | 0.8 | 0.2 | 1.3 | 2.6 | 48.1% |
| United Kingdom | 1.8 | 1.2 | 1.1 | 1.1 | -15.1% |
| Spain | 1.7 | 0.6 | 2.9 | 0.7 | -25.6% |
| India | 0.3 | N/A | N/A | N/A | 0% |
| Bahrain | N/A | N/A | 0.3 | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 4.9 | 2.2 | 6.0 | 8.5 | 20.2% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to the United Arab Emirates in 2022:
- China (867.6 tons)
- Netherlands (450.7 tons)
- United Kingdom (201.7 tons)
- Spain (130.7 tons)
- Bahrain (2.6 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates
In 2022, shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by 129% to 2.4K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $7.8M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | N/A | N/A | 2.1 | 0% |
| Brazil | 0.5 | 0.7 | 1.7 | 1.8 | 53.3% |
| Colombia | N/A | N/A | N/A | 1.8 | 0% |
| Morocco | 0.1 | 0.7 | 0.3 | 0.7 | 91.3% |
| Jordan | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Fiji | N/A | N/A | N/A | 0.6 | 0% |
| Tunisia | N/A | N/A | N/A | 0.1 | 0% |
| Ethiopia | 3.2 | 1.8 | N/A | N/A | -43.8% |
| Others | 0.3 | 0.3 | 0.7 | 0.1 | -30.7% |
| Total | 4.1 | 3.5 | 2.9 | 7.8 | 23.9% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from the United Arab Emirates in 2022:
- Algeria (676.4 tons)
- Colombia (552.5 tons)
- Brazil (529.8 tons)
- Morocco (225.6 tons)
- Jordan (170.3 tons)
- Fiji (167.6 tons)
- Tunisia (65.2 tons)
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