Aluminium Wire Price in Pakistan - 2023

Contents:

1. Aluminium Wire Price in Pakistan (CIF) - 2023
2. Aluminium Wire Price in Pakistan (FOB) - 2022
3. Aluminium Wire Imports in Pakistan
4. Aluminium Wire Exports in Pakistan

Aluminium Wire Price in Pakistan (CIF) - 2023

In February 2023, the average aluminium wire import price amounted to $4,851 per ton, rising by 14% against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in April 2022 when the average import price increased by 41% against the previous month. As a result, import price attained the peak level of $5,939 per ton. From May 2022 to February 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In February 2023, the country with the highest price was Indonesia ($5,003 per ton), while the price for Oman ($3,740 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 Malaysia (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Price in Pakistan (FOB) - 2022

The average aluminium wire export price stood at $3,831 per ton in 2022, surging by 15% against the previous year. In general, the export price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2013 an increase of 124%. As a result, the export price attained the peak level of $11,061 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($18,503 per ton), while the average price for exports to Bahrain ($849 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 the United States (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Wire Imports in Pakistan

In 2022, the amount of aluminium wires imported into Pakistan shrank significantly to 2K tons, which is down by -21.1% on the previous year's figure. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% 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 +36.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of 2.5K tons, and then contracted dramatically in the following year.

In value terms, aluminium wire imports shrank remarkably to $5.5M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. As a result, imports reached the peak of $7M, and then contracted sharply in the following year.

Top Suppliers of Aluminium Wire to Pakistan in 2022:

1. China (720.9 tons)
2. Kuwait (718.0 tons)
3. Indonesia (153.1 tons)
4. Malaysia (152.7 tons)
5. Australia (53.5 tons)
6. India (47.4 tons)
7. Oman (45.6 tons)
8. Bahrain (30.4 tons)

Aluminium Wire Exports in Pakistan

Aluminium wire exports from Pakistan declined rapidly to 31 tons in 2022, which is down by -20.4% against the previous year. Overall, exports saw a perceptible slump. The pace of growth was the most pronounced in 2021 when exports increased by 77%. As a result, the exports attained the peak of 39 tons, and then declined notably in the following year.

In value terms, aluminium wire exports declined to $119K in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.

Top Export Markets for Aluminium Wire from Pakistan in 2022:

1. Afghanistan (22.9 tons)
2. United States (3.1 tons)
3. Canada (2.6 tons)
4. Bahrain (2.0 tons)

Source: IndexBox Market Intelligence Platform