Aluminium Wire Price in Belgium - 2023
Contents:
- Aluminium Wire Price in Belgium (FOB) - 2023
- Aluminium Wire Price in Belgium (CIF) - 2022
- Aluminium Wire Exports in Belgium
- Aluminium Wire Imports in Belgium
Aluminium Wire Price in Belgium (FOB) - 2023
The average aluminium wire export price stood at $3,971 per ton in July 2023, growing by 7.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 9.9% m-o-m. Over the period under review, the average export prices attained the maximum in July 2023.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Italy ($5,387 per ton), while the average price for exports to the Netherlands ($3,582 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Wire Price in Belgium (CIF) - 2022
In 2022, the average aluminium wire import price amounted to $3,157 per ton, which is down by -20% against the previous year. Overall, the import price showed a mild decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 54%. The import price peaked at $3,986 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($9,105 per ton), while the price for France ($2,352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Exports in Belgium
In 2022, exports of aluminium wires from Belgium declined modestly to 12K tons, approximately equating the previous year. In general, exports saw a deep setback.
In value terms, aluminium wire exports shrank modestly to $39M in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 8%.
| Export of Aluminium Wire in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.9 | 17.5 | 12.9 | 12.2 | -18.9% |
| Netherlands | 11.9 | 8.9 | 12.1 | 7.0 | -16.2% |
| Romania | N/A | N/A | N/A | 4.9 | 0% |
| Czech Republic | N/A | N/A | N/A | 4.8 | 0% |
| Italy | 9.6 | 5.5 | 7.2 | 4.3 | -23.5% |
| Sweden | 0.9 | 0.6 | 1.3 | 1.8 | 26.0% |
| India | N/A | N/A | 1.2 | 1.4 | 16.7% |
| Austria | 1.1 | 0.6 | 0.7 | 1.1 | 0.0% |
| United Kingdom | 3.0 | 0.4 | 0.4 | 0.2 | -59.5% |
| Others | 3.6 | 4.5 | 5.1 | 1.8 | -20.6% |
| Total | 53.1 | 37.9 | 41.0 | 39.5 | -9.4% |
Top Export Markets for Aluminium Wire from Belgium in 2022:
- Germany (4.2K tons)
- Netherlands (3.2K tons)
- Romania (1.7K tons)
- Italy (1.1K tons)
- Czech Republic (0.5K tons)
- Sweden (0.5K tons)
- India (0.4K tons)
- Austria (0.3K tons)
- United Kingdom (0.1K tons)
Aluminium Wire Imports in Belgium
In 2022, approx. 6.4K tons of aluminium wires were imported into Belgium; increasing by 19% compared with the previous year. In general, imports, however, showed a perceptible decline.
In value terms, aluminium wire imports fell slightly to $20M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 9.9%. As a result, imports reached the peak of $21M, and then shrank slightly in the following year.
| Import of Aluminium Wire in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.5 | 3.0 | 9.8 | 7.5 | 4.9% |
| Poland | N/A | 0.1 | 0.7 | 2.8 | 429.2% |
| China | 1.1 | 0.8 | 1.6 | 2.5 | 31.5% |
| United States | 3.5 | 3.2 | 4.1 | 2.3 | -13.1% |
| Netherlands | 2.1 | 0.8 | 1.4 | 1.5 | -10.6% |
| Germany | 1.0 | 0.8 | 1.3 | 1.4 | 11.9% |
| Hungary | 0.6 | 0.7 | 1.0 | 0.4 | -12.6% |
| United Kingdom | 4.3 | 8.8 | N/A | N/A | 104.7% |
| Others | 0.6 | 1.1 | 1.1 | 1.7 | 41.5% |
| Total | 19.7 | 19.2 | 21.1 | 20.1 | 0.7% |
Top Suppliers of Aluminium Wire to Belgium in 2022:
- France (3202.4 tons)
- Poland (1133.6 tons)
- China (522.6 tons)
- United States (405.8 tons)
- Netherlands (291.9 tons)
- Germany (200.1 tons)
- Hungary (139.9 tons)
- United Kingdom (0.6 tons)
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