Aluminium Wire Price in China - 2023
Contents:
- Aluminium Wire Price in China (FOB) - 2022
- Aluminium Wire Price in China (CIF) - 2022
- Aluminium Wire Exports in China
- Aluminium Wire Imports in China
Aluminium Wire Price in China (FOB) - 2022
The average aluminium wire export price stood at $4,093 per ton in 2022, which is down by -7.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,456 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($4,680 per ton) and Brazil ($4,499 per ton), while the average price for exports to Indonesia ($3,649 per ton) and Thailand ($3,718 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Wire Price in China (CIF) - 2022
In 2022, the average aluminium wire import price amounted to $5,206 per ton, remaining stable against the previous year. Over the period under review, the import price showed a slight descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40% against the previous year. The import price peaked at $5,929 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Malaysia ($9,191 per ton), while the price for Spain ($2,212 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Exports in China
In 2022, exports of aluminium wires from China contracted to 37K tons, with a decrease of -11.3% on the previous year. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29%. As a result, the exports reached the peak of 41K tons, and then dropped in the following year.
In value terms, aluminium wire exports dropped dramatically to $150M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $183M, and then fell dramatically in the following year.
| Export of Aluminium Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 23.0 | 21.1 | 28.4 | 21.3 | -2.5% |
| Turkey | 5.2 | 7.0 | 12.2 | 13.5 | 37.4% |
| Indonesia | 9.1 | 9.7 | 17.9 | 12.4 | 10.9% |
| South Korea | 8.9 | 8.9 | 12.3 | 9.2 | 1.1% |
| Russia | 2.5 | 2.5 | 6.3 | 8.2 | 48.6% |
| Brazil | 3.7 | 7.3 | 11.0 | 8.1 | 29.8% |
| Mexico | 6.3 | 2.4 | 7.3 | 6.7 | 2.1% |
| India | 4.7 | 5.4 | 6.9 | 5.5 | 5.4% |
| United States | 12.0 | 6.0 | 6.7 | 5.1 | -24.8% |
| Netherlands | 2.6 | 2.5 | 6.2 | 4.2 | 17.3% |
| Taiwan (Chinese) | 1.8 | 3.0 | 4.9 | 4.2 | 32.6% |
| Pakistan | 2.3 | 2.4 | 4.8 | 3.5 | 15.0% |
| Thailand | 4.0 | 3.9 | 5.0 | 3.5 | -4.4% |
| Others | 28.9 | 34.6 | 52.8 | 44.2 | 15.2% |
| Total | 115 | 117 | 183 | 150 | 9.3% |
Top Export Markets for Aluminium Wire from China in 2022:
- Vietnam (5.2K tons)
- Indonesia (3.4K tons)
- Turkey (3.3K tons)
- South Korea (2.2K tons)
- Russia (2.2K tons)
- Brazil (1.8K tons)
- Mexico (1.4K tons)
- India (1.3K tons)
- United States (1.3K tons)
- Netherlands (1.1K tons)
- Taiwan (Chinese) (1.0K tons)
- Thailand (1.0K tons)
- Pakistan (0.9K tons)
Aluminium Wire Imports in China
In 2022, the amount of aluminium wires imported into China shrank to 15K tons, falling by -14.6% against the previous year. In general, total imports indicated strong growth from 2019 to 2022: its volume 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, imports increased by +24.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of 17K tons, and then fell in the following year.
In value terms, aluminium wire imports fell sharply to $77M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $91M, and then shrank dramatically in the following year.
| Import of Aluminium Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 13.4 | 13.1 | 10.0 | 11.2 | -5.8% |
| Singapore | 4.3 | 6.2 | 9.4 | 10.5 | 34.7% |
| South Korea | 4.7 | 5.3 | 8.0 | 9.6 | 26.9% |
| Japan | 4.5 | 4.2 | 6.6 | 7.6 | 19.1% |
| United States | 15.7 | 9.5 | 12.9 | 7.5 | -21.8% |
| Netherlands | 5.2 | 5.8 | 6.3 | 6.8 | 9.4% |
| United Kingdom | 4.1 | 4.0 | 5.3 | 5.5 | 10.3% |
| Spain | 1.6 | 0.8 | 1.5 | 2.4 | 14.5% |
| Indonesia | 1.4 | 0.6 | 1.7 | 1.3 | -2.4% |
| Oman | 1.7 | 1.6 | 1.9 | N/A | 5.7% |
| Others | 10.1 | 11.6 | 27.8 | 14.7 | 13.3% |
| Total | 66.8 | 62.6 | 91.2 | 77.1 | 4.9% |
Top Suppliers of Aluminium Wire to China in 2022:
- South Korea (2.2K tons)
- Italy (1.8K tons)
- Netherlands (1.4K tons)
- Singapore (1.4K tons)
- Japan (1.4K tons)
- United States (1.3K tons)
- United Kingdom (1.1K tons)
- Spain (1.1K tons)
- Indonesia (0.5K tons)
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This report provides an in-depth analysis of the non-alloy aluminium wire market in China.
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This report provides an in-depth analysis of the aluminium alloy wire market in China.
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Global Non-Alloy Aluminium Wire Market Report 2018. This report provides an in-depth analysis of the global non-alloy aluminium wire market.
634
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In April 2023, the Aluminium Alloy Wire price was $4,471 per ton (FOB, China), a decrease of -2.6% month-on-month.
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In April 2023, the Aluminium Alloy Wire price was $4,471 per ton (FOB, China), a decrease of -2.6% month-on-month.
